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Property profile & analytics
OFF-MARKET Estimated value $805,000
Office buildings

540 Patterson NW St Salem, OR 97304-3950

3,503 SF 1.4 ac lot Built 2021
Entity Owned 5-yr Hold Free & Clear
Property ID
US71-0747695
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2021
Total area 3,503 SF
Lot 1.4 ac (60,984 SF)
Zoning code IG
APN 07321-DA-01101
UPID US71-0747695
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
  • Monarch Lash Co Hair Salon Nail Salon
  • Edward Jones - Financial Advisor: Caitlin M Davis, CFP®|AAMS™ Financial Advisor
  • Willamette Valley Wellness-West Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
$790k
Comparable Approach Comparable
$858k
Blend (final) Blend
$805k
Owner & transaction history
Kerley Commercial LLC · 5 yrs held
Kerley Commercial LLC
since 2020
7 recorded transactions
2020
Price N/A
2018
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
2017
Price N/A
2011
Price N/A
Zoning & alternative use
IG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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) above, zone-to-zone setbacks for buildings and structures are required abutting an alley when the abutting zone across the…

Zone name General Industrial
General category INDUSTRIAL
Zone area 1,702.49 ac
Source code of ordinances
Top alternative use upside
Medical building $1.2M +21.8%
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