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Property profile & analytics
OFF-MARKET
Showrooms
4523 Gibson NW Rd Salem, OR 97304
Individually Owned
35-yr Hold
Free & Clear
Property ID
US71-1408021
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2019
Total area
3,200 SF
Lot
40 ac (1,742,400 SF)
Zoning code
EFU
APN
07401-00-02300
UPID
US71-1408021
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Craig L Hanneman · 35 yrs held
Craig L Hanneman
since 1990
1 recorded transaction
Zoning & alternative use
EFU · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ck (Table 525-5) Vehicle Use Areas All uses Zone-to-zone setback (Table 525-5) TABLE 525-5 ZONE-TO-ZONE SETBACKS Table 525-5: Zone-to-Zone Setbacks Abutting Zone Type of Improvement Setback (1) Landscaping and Screening EFU Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas Residential Zone Buildings and accessory structures Min. 10 ft. T…
Zone name
Exclusive Farm Use
General category
AGRICULTURAL
Zone area
155.79 ac
Source
code of ordinances
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,268
Tax year 2023
Assessed value
$111,134
Assessed 2023
Previous assessed
$107,903
+3.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$17,894
Assessed improvement
$93,240
Land market value
$404,000
Improvement market value
$188,830
Total market value
$592,830
Applied tax rate
3,217.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2019
Heating
NONE
Total area
3,200 SF
Lot
40 ac (1,742,400 SF)
Zoning code
EFU
APN
07401-00-02300
UPID
US71-1408021
Jurisdiction
POLK
Zoning & alternative use
EFU · Salem, ORZoning EFU · permitted uses
EFU · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ck (Table 525-5) Vehicle Use Areas All uses Zone-to-zone setback (Table 525-5) TABLE 525-5 ZONE-TO-ZONE SETBACKS Table 525-5: Zone-to-Zone Setbacks Abutting Zone Type of Improvement Setback (1) Landscaping and Screening EFU Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas Residential Zone Buildings and accessory structures Min. 10 ft. Type B Vehicle use areas Mixed-Use Zone Buildings and accessory structures None NA V
Zone name
Exclusive Farm Use
General category
AGRICULTURAL
Zone area
155.79 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Lot
40 ac
Current owner
From public records · entity-resolved
Craig L Hanneman
Individual
Free & Clear · 35 yrs held
Mailing address
PO BOX 6103, SALEM, OR 97304-0278
Ownership since
1990
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 1990
$363,500
Craig L Hanneman
Unknown
Grant Deed
—
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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