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Property profile & analytics
OFF-MARKET Estimated value $23,090,000
Manufacturing properties

3950 Fairview Industrial SE Dr Salem, OR 97302-1378

157,428 SF 9.16 ac lot Built 1994
Entity Owned 13-yr Hold Free & Clear
Property ID
US71-0284407
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1994
Total area 157,428 SF
Lot 9.16 ac (399,010 SF)
Zoning code IC
APN 083W02 02200
UPID US71-0284407
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
  • Waddell & Reed, Inc. - Financial Advisors - Joel Davis & Beverly Johnson Financial Advisor
  • 1st Premier Properties LLC Real Estate Agency
  • Compass Home Mortgage Company Loan Service Bank
  • u-blox Salem Factory Production Facility
  • Colson & Colson General Contractor Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$22.07M
Blend (final) Blend
$23.09M
Owner & transaction history
426 LLC · 13 yrs held
426 LLC
since 2012
2 recorded transactions
2012
$6.0M
2012
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 $38.2M +35.2%
Commercial (general) $37.9M +34.0%
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