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Property profile & analytics
OFF-MARKET Estimated value $1,835,000
Warehouses

5500 Commercial SE St Salem, OR 97306

6,000 SF 1.32 ac lot Built 1994
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US71-0610514
Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1994
Total area 6,000 SF
Lot 1.32 ac (57,499 SF)
Zoning code IC
APN 083W14CB00201
UPID US71-0610514
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
$1.85M
Blend (final) Blend
$1.84M
Owner & transaction history
Uptown Harrison LLC · 1 yrs held
Uptown Harrison LLC
since 2025
3 recorded transactions
2025
Price N/A
1992
$135,000
1969
Price N/A
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
Restaurant $2.6M +126.7%
Auto repair, garage $2.1M +83.6%
Medical building $2.0M +73.8%
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