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Property profile & analytics
OFF-MARKET
Estimated value
$33,475,000
Distribution centers
5475 Gaffin SE Rd Salem, OR 97317-9717
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0890201
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2009
Total area
129,850 SF
Lot
19.65 ac (855,954 SF)
Zoning code
IBC
APN
082W04B 01700
UPID
US71-0890201
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
-
Amazon DPD6 Warehouse & Storage
-
Amazon Locker - Duststorm Postal Service Courier Service
-
Star Fleet LLC Logistics Company Freight Service
-
Hands on the Dash Delivery Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.30M
Comparable Approach
Comparable
$40.13M
Blend (final)
Blend
$33.48M
Owner & transaction history
Cpi Salem One LLC · 4 yrs held
Cpi Salem One LLC
since 2021
Last sale
$28.3M
6 recorded transactions
Zoning & alternative use
IBC · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$46.4M
+83.6%
Medical building
$43.9M
+73.8%
Office building
$36.0M
+42.7%
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
$43,645,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,070,000
6.5%
$21,295,000
7%
$19,770,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$25,255,000
Current use
AUTO REPAIR, GARAGE
$46,360,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$43,885,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$36,045,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$34,050,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$31,985,000
Change: +27% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$23,310,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$33.48M
Range $30.13M – $36.82M · ±10% · vs last sale $28.25M (Sep 24 2021)
Last sale anchor
$28.25M
Sep 24 2021
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
$258 / 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
$324,452
Tax year 2023
Assessed value
$16,530,970
Assessed 2023
Previous assessed
$16,049,490
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$1,914,920
Improvement market value
$26,335,080
Total market value
$28,250,000
Applied tax rate
24,010.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2009
Heating
NONE
Total area
129,850 SF
Lot
19.65 ac (855,954 SF)
Zoning code
IBC
APN
082W04B 01700
UPID
US71-0890201
Jurisdiction
MARION
Zoning & alternative use
IBC · Salem, OR
Zoning IBC · permitted uses
IBC · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$25.3M
AUTO REPAIR, GARAGE
Est. value
$46.4M
MEDICAL BUILDING
Est. value
$43.9M
OFFICE BUILDING
Est. value
$36.0M
COMMERCIAL (GENERAL)
Est. value
$34.1M
RETAIL STORES
Est. value
$32.0M
INDUSTRIAL (GENERAL)
Est. value
$23.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2009
Heating
NONE
Lot
19.65 ac
Current owner
From public records · entity-resolved
Cpi Salem One LLC
Entity
Mailing address
195 NN ST STE #100, TETERBORO, NJ 07608-1216
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
—
Cpi Salem One LLC
—
Deed
related
$19,750,000 · Provident Bank
Sep 24, 2021
$28,250,000
Cpi Salem One LLC
5475 Gaffin Road Property Owner LLC
Special Warranty Deed
—
Nov 21, 2019
—
5475 Gaffin Road Prop Owner Ll
5475 Gaffin Road LLC
Quit Claim Deed
related
$14,105,000 · Jp Morgan Chase Bk
Mar 14, 2018
$7,675,000
5475 Gaffin Road LLC
Panasonic Eco Solutions Solar
Grant Deed
$6,640,000 · Zvi Ryzman
Aug 10, 2009
$1,740,075
Sanyo Solar Of Oregon LLC
City Of Salem
Grant Deed
—
Sep 23, 1983
—
Western Pacific Research
Unknown
Grant Deed
related
—
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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