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Property profile & analytics
OFF-MARKET
Estimated value
$3,280,000
Warehouses
4070 Fairview Industrial SE Dr Salem, OR 97302-1142
Entity Owned
Free & Clear
Property ID
US71-0299947
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Total area
13,950 SF
Lot
1.66 ac (72,310 SF)
Zoning code
IC
APN
083W12A 00804
UPID
US71-0299947
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
-
Anthem Cider Production Facility Brewery & Distillery
-
LivBar Food Processing Plant
-
Salem Wine Merchants Specialty Food Shop Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.28M
Owner & transaction history
Marion County
Marion County
since 2026
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
IC · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.0M
+47.1%
Medical building
$4.7M
+39.3%
Office building
$4.4M
+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
$3,855,000
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
$3,385,000
Current use
AUTO REPAIR, GARAGE
$4,980,000
Change: +47% · Conversion: Easy
MEDICAL BUILDING
$4,715,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$4,430,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$3,435,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,355,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$3.28M
Range $2.95M – $3.61M · ±10% · vs last sale $2.30M (Dec 30 2022)
Last sale anchor
$2.30M
Dec 30 2022
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
$235 / 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
$22,831
Tax year 2023
Assessed value
$1,163,270
Assessed 2023
Previous assessed
$1,129,390
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$431,140
Improvement market value
$1,301,900
Total market value
$1,733,040
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
2007
Heating
NONE
Stories
1
Total area
13,950 SF
Lot
1.66 ac (72,310 SF)
Zoning code
IC
APN
083W12A 00804
UPID
US71-0299947
Jurisdiction
MARION
Zoning & alternative use
IC · Salem, OR
Zoning IC · permitted uses
IC · 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
$3.4M
AUTO REPAIR, GARAGE
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.4M
RETAIL STORES
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
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
2007
Heating
NONE
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Marion County
Entity
Free & Clear · 0 yrs held
Mailing address
466 CT ST NE, SALEM, OR 97301-3638
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2026
—
Marion County
Natasha Mcvey
Deed
—
Dec 30, 2022
$2,300,000
Fud Properties LLC
4070 Fairview Industrial Drive LLC
Warranty Deed
$1,300,000 · First Fsla Of Mcminnville
Oct 20, 2021
—
4070 Fairview Industrial Drive LLC
Wachenberg Investments LLC
Bargain And Sale Deed
—
Jul 22, 2021
—
Wachenberg Investment Qozb LLC
Wachenberg Investments LLC
Quit Claim Deed
related
—
Sep 15, 2017
$1,425,000
Wachenberg Investments LLC
4070 Fairview LLC
Warranty Deed
—
Apr 12, 2011
—
4070 Fairview LLC
Miller,john D
Warranty Deed
related
—
Mar 24, 2010
$2,300,000
John D Miller
Sunwest Props LLC
Warranty Deed
—
Mar 24, 2010
—
Sunwest Properties LLC
West Hills Fairview LLC
Quit Claim Deed
related
—
—
—
Mahonia INC
—
Deed Of Trust
related
$2,168,300 · Northwest Farm Credit Svcs Pca
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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