New search
Property profile & analytics
FOR SALE
Manufacturing properties
560 21St St SE Salem, OR 97301
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US71-0375525
For Sale
1 / 2
$7,300,000
560 21St St SE, Salem, OR 97301
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1956
Total area
63,929 SF
Lot
1.79 ac (77,972 SF)
Zoning code
IG
APN
073W26DC01800
UPID
US71-0375525
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
-
Pharmers Market Salem Big Box & Wholesale Store
-
The American Dumpster Rental of Salem General Contractor Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.96M
Blend (final)
Blend
$9.38M
Owner & transaction history
21 Street LLC · 12 yrs held
21 Street LLC
since 2014
7 recorded transactions
Zoning & alternative use
IG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$12.4M
+8.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,475,000
Current use
WAREHOUSE, STORAGE
$12,435,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$9.38M
Range $8.44M – $10.31M · ±10%
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
$147 / 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
$37,658
Tax year 2023
Assessed value
$1,918,710
Assessed 2023
Previous assessed
$1,862,830
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$245,610
Improvement market value
$3,086,670
Total market value
$3,332,280
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1956
Heating
NONE
Stories
1
Total area
63,929 SF
Lot
1.79 ac (77,972 SF)
Zoning code
IG
APN
073W26DC01800
UPID
US71-0375525
Jurisdiction
MARION
Zoning & alternative use
IG · Salem, OR
Zoning IG · permitted uses
IG · 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
INDUSTRIAL (GENERAL) Current
Est. value
$11.5M
WAREHOUSE, STORAGE
Est. value
$12.4M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1956
Heating
NONE
Stories
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
21 Street LLC
Entity
Mailing address
PO BOX 2087, SALEM, OR 97308-2087
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2021
—
21 Street LLC
—
Deed
related
$2,233,000 · Quality Central LLC
Sep 23, 2020
—
21 Street LLC
—
Deed Of Trust
related
$62,758 · Crystal Mtn LLC
Nov 15, 2016
—
21 Street LLC
—
Deed
related
$1,600,000 · Sortis Fin'l LLC
Jun 30, 2014
$1,050,000
21 Street LLC
Or Resolutions LLC
Grant Deed
$787,500 · Willamette Vly Bk
Aug 7, 2012
$927,950
Or Resolutions LLC
Hanna,gordon R
Trustees Deed
—
Dec 16, 2011
—
Or Resolutions LLC
Haney Properties LLC
Deed In Lieu Of Foreclosure
related
—
Aug 11, 2009
—
Haney Properties LLC
—
Trustees Deed
related
$150,000 · Willamette Valley Bank
Jul 27, 2006
$1,500,000
Haney Properties LLC
Cjs Legacy LLC
Grant Deed
$800,000 · Willamette Valley Bank
Sep 29, 2004
—
Cjs Legacy LLC
Schuler Charles J Trust
Grant Deed
related
—
—
—
Haney Properties LLC
—
Deed Of Trust
related
$150,000 · Willamette Valley Bank
—
—
Haney Properties LLC
—
Deed Of Trust
related
—
—
—
21 Street LLC
—
Deed Of Trust
related
$1,600,000 · Sortis Fin'l LLC
—
—
21 Street LLC
—
Deed Of Trust
related
$2,233,000 · Quality Central LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
