Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,730,000
Warehouses
4693 Silverton NE Rd Salem, OR 97305
Individually Owned
31-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0687712
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Total area
15,470 SF
Lot
2.25 ac (98,010 SF)
Zoning code
CGLU
APN
072W08CC16700
UPID
US71-0687712
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
$4.78M
Blend (final)
Blend
$4.73M
Owner & transaction history
Eugene A Jones · 31 yrs held
Eugene A Jones
since 1995
5 recorded transactions
Zoning & alternative use
CGLU · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$6.8M
+126.7%
Auto repair, garage
$5.5M
+83.6%
Medical building
$5.2M
+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
$3,010,000
Current use
RESTAURANT
$6,820,000
Change: +127% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,525,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$5,230,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$4,295,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,055,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$3,810,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$4.73M
Range $4.26M – $5.20M · ±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
$23,734
Tax year 2023
Assessed value
$1,521,410
Assessed 2023
Previous assessed
$1,477,100
+3.0% YoY
Effective rate
1.56%
On assessed value
Land market value
$432,680
Improvement market value
$1,458,270
Total market value
$1,890,950
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
1996
Heating
NONE
Buildings
2
Stories
1
Total area
15,470 SF
Lot
2.25 ac (98,010 SF)
Zoning code
CGLU
APN
072W08CC16700
UPID
US71-0687712
Jurisdiction
MARION
Zoning & alternative use
CGLU · Salem, ORZoning CGLU · permitted uses
CGLU · 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
$3.0M
RESTAURANT
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.2M
OFFICE BUILDING
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$4.1M
RETAIL STORES
Est. value
$3.8M
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
1996
Heating
NONE
Stories
1
Buildings
2
Lot
2.25 ac
Current owner
From public records · entity-resolved
Eugene A Jones
Individual
Mailing address
7244 BATES RD S, SALEM, OR 97306-9440
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1995
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
Sep 3, 1996
—
Family Futures LLC
—
Grant Deed
related
$400,000 · Western Bank
Aug 8, 1995
$65,000
Eugene A Jones
Brooks,earl W
Grant Deed
—
—
—
Family Futures LLC
—
Deed Of Trust
related
$1,000,000 · Banner Bank
—
—
Family Futures LLC
—
Deed Of Trust
related
$650,000 · Banner Bank
—
—
Family Futures LLC
—
Deed Of Trust
related
$485,000 · Banner 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4693 Silverton NE Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
