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Property profile & analytics
OFF-MARKET
Estimated value
$3,670,000
Warehouses
4345 Silverton NE Rd Salem, OR 97305-2059
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0977698
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Total area
12,000 SF
Lot
4.3 ac (187,308 SF)
Zoning code
IGLU
APN
072W07DC01800
UPID
US71-0977698
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
-
Northwest Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$3.67M
Owner & transaction history
Nsa Property Holdings LLC · 6 yrs held
Nsa Property Holdings LLC
since 2020
5 recorded transactions
Zoning & alternative use
IGLU · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$5.3M
+126.7%
Auto repair, garage
$4.3M
+83.6%
Medical building
$4.1M
+73.8%
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
$2,335,000
Current use
RESTAURANT
$5,290,000
Change: +127% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,285,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$4,055,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$3,330,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,145,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$2,955,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$3.67M
Range $3.30M – $4.04M · ±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
$306 / 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
$44,186
Tax year 2023
Assessed value
$2,844,950
Assessed 2023
Previous assessed
$2,762,090
+3.0% YoY
Effective rate
1.55%
On assessed value
Land market value
$590,020
Improvement market value
$2,547,480
Total market value
$3,137,500
Applied tax rate
24,620.0000
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
2017
Heating
BASEBOARD
Buildings
6
Stories
1
Bathrooms
1
Total area
12,000 SF
Lot
4.3 ac (187,308 SF)
Zoning code
IGLU
APN
072W07DC01800
UPID
US71-0977698
Jurisdiction
MARION
Zoning & alternative use
IGLU · Salem, ORZoning IGLU · permitted uses
IGLU · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.3M
RESTAURANT
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$3.0M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
2017
Heating
BASEBOARD
Stories
1
Buildings
6
Bathrooms
1
Lot
4.3 ac
Current owner
From public records · entity-resolved
Nsa Property Holdings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
5005 MDWS RD STE #420, LAKE OSWEGO, OR 97035-5294
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2020
—
Nsa Property Holdings LLC
Nwss Silverton Rd Storage LLC
Grant Deed
related
—
May 8, 2017
$1,250,000
Nwss Silverton Rd Storage LLC
Black & Maguren LLC
Warranty Deed
—
Feb 4, 1988
$21,515
Black,& Maguren
Unknown
Grant Deed
—
Mar 15, 1982
—
Black & Maguren Seed Cleaning Co
Unknown
Grant Deed
related
—
—
—
B & M Seed Cleaning INC
—
Deed Of Trust
related
$325,000 · Commercial Bank
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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