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Property profile & analytics
OFF-MARKET Estimated value $2,465,000
Manufacturing properties

3985 Portland NE Rd Salem, OR 97301-0315

16,800 SF 1.1 ac lot Built 1965
Individually Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US71-0302667
Property profile
Verified
Property type Manufacturing properties
Use group FOOD PROCESSING
Year built 1965
Total area 16,800 SF
Lot 1.1 ac (47,916 SF)
Zoning code IG
APN 073W12B 01200
UPID US71-0302667
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
$2.35M
Blend (final) Blend
$2.47M
Owner & transaction history
Mtg Borrower Propco 2013 Art · 13 yrs held
Mtg Borrower Propco 2013 Art
since 2013
2 recorded transactions
2013
Price N/A
2006
Price N/A
Zoning & alternative use
IG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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) above, zone-to-zone setbacks for buildings and structures are required abutting an alley when the abutting zone across the…

Zone name General Industrial
General category INDUSTRIAL
Zone area 1,702.49 ac
Source code of ordinances
Top alternative use upside
Warehouse, storage $3.3M +8.4%
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