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Property profile & analytics
OFF-MARKET
Estimated value
$4,070,000
Warehouses
3785 Silverton NE Rd Salem, OR 97305-1473
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0743341
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Total area
45,312 SF
Lot
1.24 ac (54,014 SF)
Zoning code
UD
APN
072W07C 01500
UPID
US71-0743341
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
-
Storage Depot Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.44M
Blend (final)
Blend
$4.07M
Owner & transaction history
Kilroys Storage LLC · 14 yrs held
Kilroys Storage LLC
since 2012
7 recorded transactions
Zoning & alternative use
UD · Salem, OR
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
Blend value · Realmo final
$4.07M
Range $3.66M – $4.48M · ±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
$90 / 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
$6,604
Tax year 2023
Assessed value
$416,140
Assessed 2023
Previous assessed
$416,140
+0.0% YoY
Effective rate
1.59%
On assessed value
Land market value
$366,490
Improvement market value
$49,650
Total market value
$416,140
Applied tax rate
24,620.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Total area
45,312 SF
Lot
1.24 ac (54,014 SF)
Zoning code
UD
APN
072W07C 01500
UPID
US71-0743341
Jurisdiction
MARION
Zoning & alternative use
UD · Salem, ORZoning UD · permitted uses
UD · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Kilroys Storage LLC
Entity
Free & Clear · 14 yrs held
Mailing address
100 FRY ST NW, ALBANY, OR 97321-2253
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2012
$3,646,944
Kilroys Storage LLC
Drake Dale & Bobbe Trust
Warranty Deed
—
Jan 20, 2012
—
Kilroys Storage LLC
Drake Dale & Bobbe Trust
Grant Deed
related
$2,990,000 · Umpqua Bank
Jan 28, 2008
—
Drake Dale
—
Trustees Deed
related
$600,000 · Riverview Community Bank
Sep 15, 2006
—
Drake Dale
—
Trustees Deed
related
$600,000 · Riverview Community Bank
Jul 16, 2003
—
Drake,tr
—
Deed Of Trust
related
$2,800,000 · Homestreet Bank
Sep 16, 1999
—
Drake Trust
Drake,barbara B
Quit Claim Deed
related
$2,300,000 · American Pacific Bank
Sep 20, 1996
—
Barbara B Drake Trustee
Sullivan Trust
Grant Deed
related
—
Jul 17, 1985
$142,500
Dempsy D Sullivan
Unknown
Grant Deed
—
—
—
Drake Trust
—
Deed Of Trust
related
$35,000 · American Pacific Bank
—
—
Drake Trust
—
Deed Of Trust
related
$75,000 · American Pacific Bank
—
—
Drake,tr
—
Deed Of Trust
related
$200,000 · American Pacific Bank
—
—
Drake Dale R
—
Deed Of Trust
related
$3,500,000 · First Mutual Bank
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.
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