Financial
Distress signals
Property profile

5065 State St Salem, OR 97317

FOR LEASE
Other warehouses
Property ID
US71-0613663
30,528 SF 2.5 ac lot Built 1972
Last sale Oct 2014 · $1,195,000
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a warehouse space with approximately 1,055 square feet of building area. It provides a 13-foot clear height and a depth of about 32 feet, and includes a 12-foot by 12-foot rollup service door. The space is located roughly 8 minutes from Interstate 5 and about 12 minutes from downtown Salem.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$833k
Effective rate1.42%

Value estimate

· Sep 2026
$1.16M
$1.04M – $1.27M
Submarket $/SF estimate$3.67M
NOI build-up
Gross scheduled income$14k
Vacancy & credit loss−$696
Operating expenses−$2k
NOI · 93,708.33% cap applied$11k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$195/SF
Submarket average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$120 – $309

Cap rate analysis

How does the asset earn?
93,708.33%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency33.6
Restaurant32.8
Dental Office26.8

Location

5065 State St Salem, OR 97317
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8045 State, Salem, OR 97317-9053 $2,350,000 Aug 2023 19,020 SF
6737 State, Salem, OR 97317-9081 $2,000,000 Mar 2022 16,335 SF
5475 Gaffin SE, Salem, OR 97317-9717 $28,250,000 Sep 2021 129,850 SF
8820 Aumsville SE, Salem, OR 97317-9157 $600,000 May 2021 5,096 SF
5775 State, Salem, OR 97317-9232 $2,410,000 Oct 2019 37,717 SF
4775 Depot SE, Salem, OR 97317-8983 $105,500,000 Jul 2019 18,020 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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