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    3583 Cherry NE Ave Keizer, OR 97303-4925
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    Property profile & analytics

    3583 Cherry NE Ave, Keizer, OR 97303-4925

    View on Map
    • Warehouses
    • 5,000 SF
    • 0.43 lot acres
    Off-Market
    Property ID
    US71-0795028
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3583 Cherry NE Ave

    Year built
    2014
    Lot size
    0.43 lot acres
    Zone code
    IBP
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    073W11BD05000
    APU
    073W11BD05000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 16, 2020 — Gordon R Hagglund — Deed · related $282k · Bank Of The West
    Oct 14, 2013 $55,000 Gordon R Hagglund Colyer,jeannette A Warranty Deed · related $325k · Fred J Smith Psp/tr (ct)
    May 2, 2007 — Jeannette A Colyer Colyer,george A Quit Claim Deed · related —
    Nov 28, 2005 $150,000 George A Colyer Tate,thomas R & Julia A Warranty Deed $140k · Gerald C & Caroline C Freeman
    Apr 15, 1998 $7,000 Keizer City (or) Carrie E Jacobsen Trustee Grant Deed —
    Oct 1, 1990 $75,000 Edward R Jacobsen Unknown Grant Deed —
    — — Gordon R Hagglund — Loan Modification · related $282k · Bank Of The West
    — — Gordon R Hagglund — Deed Of Trust · related $323k · Bank Of The West

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,545,000
      Market price range: $601k - $1.55M
      AI Estimate
      $1,512,000
      Market price range: $298k - $1.51M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $975,000
      Current use
      RESTAURANT
      $2,205,000
      Change: +127% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,785,000
      Change: +84% Conversion: Easy
      MEDICAL BUILDING
      $1,690,000
      Change: +74% Conversion: Difficult
      OFFICE BUILDING
      $1,390,000
      Change: +43% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,310,000
      Change: +35% Conversion: Difficult
      RETAIL STORES
      $1,230,000
      Change: +27% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Keizer
    County
    Marion
    State
    Oregon
    Longitude
    -123.023
    Latitude
    44.978
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,959
    $0.00
    $0.00
    $479,860
    -
    $123,620
    $854,050
    $977,670

    Comparable in this City

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      14,000 SF

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      MINI-WAREHOUSE, STORAGE
      600 Plymouth NE Dr, Keizer, OR 97303-4930
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    • Value Estimation
      $1,160,000
      1,980 SF

      3603 Candlewood NE Ct

      MINI-WAREHOUSE, STORAGE
      3603 Candlewood NE Ct, Keizer, OR 97303-4121
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    • Value Estimation
      $4,155,000
      26,090 SF

      3816 Riv N Rd

      MINI-WAREHOUSE, STORAGE
      3816 Riv N Rd, Keizer, OR 97303-4800
      View Details
    • Value Estimation
      $705,000
      2,304 SF

      3624 Candlewood NE Ct

      MINI-WAREHOUSE, STORAGE
      3624 Candlewood NE Ct, Keizer, OR 97303-4121
      View Details
    • Value Estimation
      $1,100,000
      3,600 SF

      5015 Windsor Is N Rd

      MINI-WAREHOUSE, STORAGE
      5015 Windsor Is N Rd, Keizer, OR 97303-5750
      View Details
    • Value Estimation
      $1,700,000
      10,900 SF

      5555 Windsor Is N Rd

      MINI-WAREHOUSE, STORAGE
      5555 Windsor Is N Rd, Keizer, OR 97303-6134
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,595 SF

      Keizer Industrial Flex Building

      2,595 SF industrial flex building in Keizer, Oregon.
      3642-3646 Candlewood Dr NE, Keizer, OR 97303
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    • Contact for pricing
      4,097 SF

      Keizer Industrial Building For Sale

      Fully occupied industrial building with three units and strong capitalization.
      3643-3647 Candlewood Ct NE, Keizer, OR 97303
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      4,825 SF

      Fully Leased Industrial Flex Property

      4,825 SF industrial flex property, 100% leased, strong returns.
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      4,097 SF

      Fully Leased Industrial Investment Property

      4,097 SF industrial property, 100% leased, strong returns.
      3643 Candlewood Ct NE, Keizer, OR 97303
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    • Contact for pricing
      5,101 SF

      Keizer Industrial Flex Investment Opportunity

      Fully leased industrial flex property with owner-user potential.
      3603-3623 Candlewood Ct NE, Keizer, OR 97303
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    • Contact for pricing
      21,000 SF

      Keizer Warehouse and Shop Space

      Multiple buildings with warehouse, shop, office, and cold storage.
      6494 Windsor Island Rd N, Keizer, OR 97303
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,344 SF

      Keizer Warehouse Space For Rent

      Warehouse space available with insulated doors and gas heater.
      1261-1269 Candlewood Dr NE, Keizer, OR 97303
      View Details
    • Contact for pricing
      4,000 SF

      Salem Warehouse with Secure Yard

      4,000 SF warehouse with fenced yard and roll-up doors.
      8186 River Rd NE, Salem, OR 97303
      View Details
    • Contact for pricing

      Retail Space in Busy Location

      Retail space available in high-traffic Salem location.
      2927 Broadway St NE, Salem, OR 97303
      View Details
    • Contact for pricing

      Corner Lot Ground Lease Available

      Highly visible corner lot for ground lease in Keizer.
      500 Blk Bever Dr NE, Keizer, OR 97303
      View Details
    • Contact for pricing
      28,048 SF

      Keizer Retail Space For Lease

      Retail and restaurant spaces available in Keizer, Oregon.
      6140-6194 Ulali Dr NE, Keizer, OR 97303
      View Details
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    Keizer, OR 97303-4925
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    3583 Cherry NE Ave, Keizer, OR, 97303
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