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    Property profile & analytics

    4405 Turner Rd Salem, OR 97317

    • Commercial land
    • 10.12 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimation
    Last Sale
    May 24, 2022
    $3,607,639
    Location Intelligence
    Property ID
    US71-1466292
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 4405 Turner Rd

    Lot size
    10.12 lot acres
    Zone code
    IG
    Property type
    Commercial land
    APN
    082W07C 00200
    APU
    082W07C00200

    Description

    This exceptional new-construction industrial building, completed in 2024, offers 193,758 square feet of versatile space on a 10.12-acre lot in Marion County. Ideally situated for convenient access to I-5, the property boasts a functional design including 30 loading docks, 4 drive-ins, and ample parking for 70 vehicles. The building features a 32-foot ceiling height and robust 3-phase power with a 3000-amp service. Zoned for General Industrial (IG) use, this freestanding building is perfect for a variety of operations, including manufacturing, research and development, freezer/cooler storage, warehousing, and distribution. The property is currently vacant and ready for immediate occupancy. Its strategic location, ample loading capabilities, and substantial power supply make it an ideal choice for businesses seeking a modern, efficient, and expansive industrial space. The property's dedicated lot ensures privacy and ample room for expansion or future development. This is a rare opportunity to acquire a state-of-the-art industrial facility in a prime location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.985
    Latitude
    44.889
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,938
    $0.00
    $0.00
    $710,140
    -
    $1,035,770
    $0.00
    $1,035,770

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    Similar Nearby for Lease

    • $0.10 SF/Yr

      9.2 Acres Near Mill Creek

      9.2 acres of IG zoned land near Mill Creek.
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      View Details
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      116,973 SF

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      Anchor retail space available near major retailers and I-5.
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    • $24 SF/Yr
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      Retail spaces available in busy Lancaster Drive retail center.
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    • $10 SF/Yr
      193,758 SF

      Modern Marion County Industrial Facility

      New 193,758 SF Manufacturing/Warehouse
      4405 Turner Rd, Salem, OR 97317
      View Details
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    4405 Turner Rd
    Salem, OR 97317
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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