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Property profile & analytics
OFF-MARKET Estimated value $1,055,000
Warehouses

5053 Gaffin SE Rd Salem, OR 97317-9723

3,442 SF 3.2 ac lot Built 2017
Entity Owned Absentee Owner Free & Clear
Property ID
US71-1646910
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2017
Total area 3,442 SF
Lot 3.2 ac (139,392 SF)
Zoning code IC
APN 082W05 00103
UPID US71-1646910
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
  • Cordon Road Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$1.06M
Owner & transaction history
RESERVE AT HAWKS RIDGE II LLC CORDON ROAD STORAGE
RESERVE AT HAWKS RIDGE II LLC CORDON ROAD STORAGE
Zoning & alternative use
IC · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Industrial and Employment Zone: EC, IC, IBC, and IP Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas Industrial and Employment Zone: IG Buildings and accessory structures Min 10 ft. Type C Vehicle use areas Limitations and Qualifications (1) Zone-to-zone setbacks are not required abutting an alley. (2) Notwithstanding qualification (1)…

Zone name Industrial Commercial
General category INDUSTRIAL
Zone area 1,285.18 ac
Source code of ordinances
Top alternative use upside
Auto repair, garage $1.2M +83.6%
Medical building $1.2M +73.8%
Office building $955,000 +42.7%
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