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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Warehouses
370 Gaines NE St Salem, OR 97301-7347
Entity Owned
3-yr Hold
Free & Clear
Property ID
US71-0470956
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Total area
3,312 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CG
APN
073W22AA13700
UPID
US71-0470956
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
T&R Automotive Auto Repair Shop Vehicle Inspection Center
-
BeeSINK Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$725k
Owner & transaction history
Manda Planning LLC · 3 yrs held
Manda Planning LLC
since 2022
7 recorded transactions
Zoning & alternative use
CG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+83.6%
Medical building
$1.1M
+73.8%
Commercial (general)
$935,000
+45.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$645,000
Current use
AUTO REPAIR, GARAGE
$1,180,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$1,120,000
Change: +74% · Conversion: Difficult
COMMERCIAL (GENERAL)
$935,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$850,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$219 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,745
Tax year 2023
Assessed value
$190,790
Assessed 2023
Previous assessed
$185,240
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$73,920
Improvement market value
$322,140
Total market value
$396,060
Applied tax rate
24,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Heating
NONE
Stories
1
Total area
3,312 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CG
APN
073W22AA13700
UPID
US71-0470956
Jurisdiction
MARION
Zoning & alternative use
CG · Salem, OR
Zoning CG · permitted uses
CG · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$935,000
OFFICE BUILDING
Est. value
$850,000
RETAIL STORES
Est. value
$815,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Manda Planning LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 7327, SALEM, OR 97303-0065
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
—
Manda Planning LLC
Michael A Smith
Deed
—
Aug 1, 2018
$215,000
Johnny Huff
Garrett,maxwell L & Patricia J
Grant Deed
—
Jul 24, 2018
$295,000
Micheal A Smith
Huff,johnny & Patricia
Warranty Deed
$221,250 · Columbia St Bk
Aug 20, 2012
$215,000
Johnny Huff
Garrett,maxwell L & Patricia J
Grant Deed
—
Oct 21, 2009
$95,000
Claude H Living Nunemacher
Nunemacher Ethel C O Q Trust
Warranty Deed
related
—
Oct 1, 2009
—
Nunemacher Ethel C Qtip Trust
Nunemacher Ethel C Trust
Quit Claim Deed
related
—
May 19, 1983
$30,000
Garrett Maxwell Patricia
Unknown
Grant Deed
—
—
—
Unemacher Claude H Living Trust
—
Deed Of Trust
related
$140,000 · Key Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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