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Property profile & analytics
OFF-MARKET Estimated value $3,670,000
Warehouses

3715 Blossom NE Dr Salem, OR 97305-1722

12,000 SF 3 ac lot Built 2014
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US71-1296174
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2014
Total area 12,000 SF
Lot 3 ac (130,680 SF)
Zoning code IG
APN 072W06B 01201
UPID US71-1296174
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
  • US Storage Centers Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.71M
Blend (final) Blend
$3.67M
Owner & transaction history
Safe Stor North LLC · 7 yrs held
Safe Stor North LLC
since 2019
4 recorded transactions
2019
Price N/A
2012
$2.6M
2006
$104,705
2005
Price N/A
Zoning & alternative use
IG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Industrial and Employment Zone: IG Buildings and accessory structures Min 10 ft. Type C Vehicle use areas Limitations and Qualifications (1) Zone-to-zone setbacks are not required abutting an alley. (2) Notwithstanding qualification (1) above, zone-to-zone setbacks for buildings and structures are required abutting an alley when the abutting zone across the…

Zone name General Industrial
General category INDUSTRIAL
Zone area 1,702.49 ac
Source code of ordinances
Top alternative use upside
Restaurant $5.3M +126.7%
Auto repair, garage $4.3M +83.6%
Medical building $4.1M +73.8%
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