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Property profile & analytics
OFF-MARKET Estimated value $1,650,000
Manufacturing properties

3840 Boone SE Rd Salem, OR 97317-9334

11,250 SF 4.57 ac lot Built 1979
Individually Owned 41-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US71-0735052
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1979
Total area 11,250 SF
Lot 4.57 ac (199,069 SF)
Zoning code IC
APN 082W18B 00200
UPID US71-0735052
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$1.65M
Owner & transaction history
Carl V Trussell · 41 yrs held
Carl V Trussell
since 1985
4 recorded transactions
2025
Price N/A
2025
Price N/A
1985
$6,000
1969
Price N/A
Zoning & alternative use
IC · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Industrial and Employment Zone: EC, IC, IBC, and IP Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas 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)…

Zone name Industrial Commercial
General category INDUSTRIAL
Zone area 1,285.18 ac
Source code of ordinances
Top alternative use upside
Warehouse, storage $2.2M +8.4%
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