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Property profile

576 Patterson St Nw Salem, OR 97304

FOR LEASE
Other industrial properties
Property ID
US71-0530851
51,680 SF 2.64 ac lot Built 1945
Last sale Sep 2019 · $4,487,692
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This retail space comprises approximately 2,400 square feet and is located at 576 Patterson St NW in Salem, Oregon.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$34k
Tax billed · 2023
Assessed value$1.80M
Assessed land$305k
Assessed improvement$1.49M
Effective rate1.88%

Value estimate

· Oct 2026
$1.20M
$1.08M – $1.32M
Submarket $/SF estimate$5.43M
NOI build-up
Gross scheduled income$84k
Vacancy & credit loss−$4k
Operating expenses−$24k
NOI · 3,479,062.50% cap applied$56k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$262/SF
Submarket average, outlier-cleaned · 102 recorded sales of this use type
Observed band · Q1–Q3$105 – $449

Cap rate analysis

How does the asset earn?
3,479,062.50%
$56k 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?
IG
Industrial and Employment Zone: IG Buildings and accessory structures Min 10 ft. Type C Vehicle use areas Limitations and Qualifications ...
General categoryINDUSTRIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store18.2
HVAC Service15.3
Kitchen & Bath12.4

Location

576 Patterson St Nw Salem, OR 97304
County assessor Recorded deeds · 11 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

5 recorded sales · 16 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
350 Gln Crk NW, Salem, OR 97304-3058 $18,000,000 Sep 2024 97,808 SF
859 7th NW, Salem, OR 97304-3806 $5,750,000 May 2023 6,440 SF
809 Edgewater NW, Salem, OR 97304-3818 $4,000,000 Dec 2019 10 SF
2485 Salem Dallas NW, Salem, OR 97304-4512 $655,000 Dec 2019 15,310 SF
2455 Salem Dallas NW, Salem, OR 97304-4512 $655,000 Dec 2019 3,142 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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