Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3780 Boone Rd SE Salem, OR 97317

    • Manufacturing properties
    • 2,493 SF
    • 2.86 lot acres
    For Sale
    View listing
    Last Sale
    Mar 10, 2024
    $1,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0644306
    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.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 3780 Boone Rd SE

    Year built
    1973
    Lot size
    2.86 lot acres
    Property size
    2,493 SF
    Zone code
    IG; UT10
    Property type
    Manufacturing properties
    APN
    082W18B 00300
    APU
    082W18B00300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,415,000
      Market price range: $382k - $1.61M

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.984
    Latitude
    44.8823
    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
    $10,173
    $0.00
    $0.00
    $715,290
    -
    $391,890
    $644,060
    $1,035,950

    Comparable in this City

    • Value Estimation by Request
      100,000 SF

      Ml Crk Dr & Kuebler Blvd

      Distribution properties • 100,000 SF
      0 Ml Crk Dr & Kuebler Blvd, Salem, OR 97317
      View Details
    • Value Estimation
      $10,690,000
      37,717 SF

      5775 State St

      MANUFACTURING (LIGHT) • 37,717 SF
      5775 State St, Salem, OR 97317-9232
      View Details
    • Value Estimation
      $5,880,000
      40,096 SF

      4705 Turner SE Rd

      MANUFACTURING (LIGHT) • 40,096 SF
      4705 Turner SE Rd, Salem, OR 97317-9307
      View Details
    • Value Estimation
      $1,720,000
      10,892 SF

      3867 37th SE Ave

      MANUFACTURING (LIGHT) • 10,892 SF
      3867 37th SE Ave, Salem, OR 97317-9345
      View Details
    • Value Estimation
      $4,905,000
      17,500 SF

      8795 Aumsville SE Hwy

      MANUFACTURING (LIGHT) • 17,500 SF
      8795 Aumsville SE Hwy, Salem, OR 97317-9157
      View Details
    • Value Estimation
      $1,925,000
      10,450 SF

      3600 Boone SE Rd

      MANUFACTURING (LIGHT) • 10,450 SF
      3600 Boone SE Rd, Salem, OR 97317
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Industrial Building Near I-5

      New construction industrial building for sale or lease near I-5.
      Salem, OR 97317
      View Details
    • Contact for pricing
      193,758 SF

      Salem Industrial Building - 193,758 SF

      New Construction Industrial; Sale or Lease.
      4405 Turner Rd, Salem, OR 97317
      View Details
    • $3,000,000
      87,074 SF

      Salem Industrial Facility - $3M

      87,074 SF Industrial, Vacant, 24.88 Acres
      5355 Gaffin Rd, Salem, OR 97317
      View Details
    • Contact for pricing
      100,000 SF

      Salem Logistics Center: Build-to-Suit

      Industrial space, flexible design, shovel-ready.
      0 Ml Crk Dr & Kuebler Blvd, Salem, OR 97317
      View Details
    • Contact for pricing
      87,074 SF

      Salem Agricultural Property with Warehouses

      24.88-acre agricultural property with 87,074 SF of structures.
      5355 Gaffin Rd SE, Salem, OR 97317
      View Details
    • $6,766,985
      32.23 Acres

      Salem Industrial Land - 32 Acres

      Prime Salem location, 32 acres, diverse zoning.
      0 & Deer Park Cutoff Rd, Salem, OR 97317
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      193,758 SF

      Modern Marion County Industrial Facility

      New 193,758 SF Manufacturing/Warehouse
      4405 Turner Rd, Salem, OR 97317
      View Details
    • $4,000 /Mo
      5,405 SF

      Salem Industrial Property with Fenced Yard

      Versatile industrial property with office, warehouse, and secure yard.
      5755 State St, Salem, OR 97317
      View Details
    • $0.88 SF/Yr
      22,626 SF

      Boone Industrial Park: Salem, OR

      Versatile Industrial Space Available
      3630 Boone Rd, Salem, OR 97317
      View Details
    • Contact for pricing
      142,800 SF

      Salem Logistics Warehouse For Lease

      142,800 SF Warehouse, Marion County
      0 Ml Crk Dr & Kuebler Blvd, Salem, OR 97317
      View Details
    • Contact for pricing
      2,000,275 SF

      Salem Logistics Center: Build-to-Suit

      75 Acres, Multiple Lots, Industrial Land
      0 Salem Or, Salem, OR 97317
      View Details
    • $12 SF/Yr
      1,055 SF

      Salem Warehouse Space For Rent

      Warehouse space for lease, convenient access to I-5.
      5065 State St, Salem, OR 97317
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3780 Boone Rd SE
    Salem, OR 97317
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!