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    Property profile & analytics
    OFF-MARKET Estimated value $590,000
    Retail properties & Spaces

    4335 Silverton NE Rd, Salem, OR 97305-2059

    3,750 SF 0.44 ac lot Built 1940
    Trust Owned 8-yr Hold Free & Clear
    Property ID
    US71-0599047
    Property summary
    AI-generated overview

    This exceptional commercial property at 4335 SILVERTON Rd, Unit 4335, Salem, OR, presents a lucrative investment opportunity. The 3,749 square foot building sits on a 0.44-acre lot and is currently operating as a thriving automotive repair shop. Its prime location boasts high traffic counts, ensuring consistent customer flow. The property's zoning is designated as IG. The building itself features a sizable and open shop area, perfect for automotive repair operations, complemented by dedicated office and storage spaces. Two large roll-up garage doors provide easy access for vehicles, while four vehicle lifts enhance operational efficiency. Security measures are in place, and the property includes a fenced yard for added security and storage. The asking price is $1,250,000. While the seller prefers a cash sale, owner financing may be considered for a qualified buyer. Prospective buyers are responsible for conducting their own due diligence regarding potential development possibilities with relevant governing bodies. Please note that disturbing the business, employees, or customers is strictly prohibited. Offers are to be submitted subject to inspection.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
    Year built 1940
    Total area 3,750 SF
    Lot 0.44 ac (19,166 SF)
    Zoning code IGLU
    APN 072W07DC01600
    UPID US71-0599047
    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
    • Tb's Oak Park Automotive Inc Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $605k
    Blend (final) Blend
    $590k
    Owner & transaction history
    Boggs,terry M Trust · 8 yrs held
    Boggs,terry M Trust
    since 2018
    4 recorded transactions
    2018
    2003
    $325,000
    1972
    $35,000
    1969
    Zoning & alternative use
    IGLU · Salem, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $985,000 +63.8%
    Retail stores $925,000 +53.9%
    Warehouse, storage $730,000 +21.5%
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