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Property profile & analytics
OFF-MARKET
Estimated value
$7,380,000
Warehouses
3915 Fairview Industrial SE Dr Salem, OR 97302-1181
Individually Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0899164
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1997
Total area
30,000 SF
Lot
2.34 ac (101,930 SF)
Zoning code
IBC
APN
083W02 01500
UPID
US71-0899164
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
-
Hi-Tek Electronics Factory Production Facility
-
Timemark Inc Industrial Consultant
-
Salem Rat Control Animal Shelter Pet Adoption Service
-
Bell Hardware Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.38M
Blend (final)
Blend
$7.38M
Owner & transaction history
Valley Indl Parks Willamette · 14 yrs held
Valley Indl Parks Willamette
since 2012
6 recorded transactions
Zoning & alternative use
IBC · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.7M
+47.1%
Medical building
$10.1M
+39.3%
Office building
$9.5M
+30.8%
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
$7,280,000
Current use
AUTO REPAIR, GARAGE
$10,710,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$10,140,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$9,520,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$7,390,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,215,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$7.38M
Range $6.64M – $8.12M · ±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
$246 / 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
$34,820
Tax year 2023
Assessed value
$1,774,110
Assessed 2023
Previous assessed
$1,722,440
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$611,580
Improvement market value
$1,361,940
Total market value
$1,973,520
Applied tax rate
24,960.0000
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
1997
Heating
NONE
Stories
1
Total area
30,000 SF
Lot
2.34 ac (101,930 SF)
Zoning code
IBC
APN
083W02 01500
UPID
US71-0899164
Jurisdiction
MARION
Zoning & alternative use
IBC · Salem, OR
Zoning IBC · permitted uses
IBC · 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
$7.3M
AUTO REPAIR, GARAGE
Est. value
$10.7M
MEDICAL BUILDING
Est. value
$10.1M
OFFICE BUILDING
Est. value
$9.5M
RETAIL STORES
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$7.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1997
Heating
NONE
Stories
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Valley Indl Parks Willamette
Individual
Mailing address
4800 S MACADAM AVE STE #120, PORTLAND, OR 97239-3929
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2012
$450,000
Valley Indl Parks Willamette
Lad Properties
Grant Deed
$1,650,000 · Union Bank
Jan 15, 2003
$47,150
Homes Hand Crafted INC
Willamette Dev Co Ptshp
Grant Deed
$135,465 · Tran Co
Jul 2, 2002
—
Willamette Valley Industrial
Willamette Valley Industrial
Quit Claim Deed
related
$1,800,000 · Wells Fargo Bank
Sep 19, 1997
—
Willamette Valley Industrial
Coldwell Banker Mountain West
Quit Claim Deed
related
—
Mar 28, 1997
$450,000
Willamette Vlly Ind Park LLC
Lad Properties
Grant Deed
—
Mar 26, 1997
$457,890
Lad Properties
American Exchange Services INC
Grant Deed
—
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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