Financial
Distress signals
Property profile

809 Edgewater St NW Salem, OR 97304

FOR LEASE
Other industrial properties
Property ID
US71-0717933
10 SF 0.57 ac lot Built 2022
Last sale Dec 2019 · $4,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is zoned ESMU and contains multiple rentable spaces, including a 450-square-foot office (Space 150-A), a 5,971-square-foot warehouse (Space E), and a combined warehouse and office configuration totaling 4,650 square feet of warehouse space plus a 1,200-square-foot office area with a kitchen (Space EE). The property is located near the Marion Street Bridge.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$434k
Assessed land$66k
Assessed improvement$368k
Effective rate1.88%

Value estimate

· Sep 2026
$465k
$419k – $512k
NOI build-up
Gross scheduled income$1.02M
Vacancy & credit loss−$51k
Operating expenses−$289k
NOI · 173,104,615.38% cap applied$675k

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?
173,104,615.38%
$675k 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?
CR
The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through th...
General categoryCOMMERCIAL
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 Store16.4
HVAC Service15.3
Electrical Service13.7

Location

809 Edgewater St NW Salem, OR 97304
County assessor Recorded deeds · not on file 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

4 recorded sales · 18 properties nearby
Recent sales nearby
4 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
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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