540 Patterson St NW, Salem, OR 97304 Property Records

Polk County property record for 540 Patterson St NW, Salem, OR 97304

Property Summary

Property Type	General Industrial
Details	17,937 sqft · built 2008
Lot Size	1.4 acres (60,984 sqft)
Owner	Company Name on File
Last Sale	$222,307 (Sep 2019)
Tax Bill	$24,805 (2025)
Deeds & Mortgages	Sep 2020 Transfer Sep 2020 Transfer + 7 more
APN	`07321-DA-01101`

Property Details

APN / Parcel Number

Primary APN	`07321-DA-01101`
Alternative APN	`574537`

Interior

Building Area	17,937 sqft

Exterior

Year Built	Built 2008
Effective Year Built	Effective 2021
Lot Area	60,984 sqft

Location & Zoning

Account Number	574537
Street Address	540 PATTERSON ST NW
City	SALEM
State	OR
Zip	97304-3950
Property Category	Industrial
Property Type	Industrial > General Industrial
Local Zoning Code	IG
Legal Description	PARTITION PLAT 2011-0002 LOT 1
Legal Subdivision	PARTITION PLAT 2011-0002
Legal Block	1
Legal Lot Number	1
Jurisdiction	POLK OR
Township / Civil Division	SALEM
Census Block Group	1
Census Block	1009
Census Tract	5100

Owner

540 Patterson St NW, an industrial property, is owned by a company that bought it in September 2019.

Source: Polk County records, as of May 21, 2026

Owner of Record	Company Name on File
Mailing Address	PO BOX 5517, SALEM, OR 97304-0517
Owner Type	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Sep 24, 2020	Quit Claim Deed, Transfer AMERITITLE
Sep 24, 2020	Correction Deed, Transfer NOT AVAILABLE
Oct 1, 2018	Loan Modification, Mortgage WILLAMETTE VLY BK
Feb 7, 2018	Loan Modification, Mortgage · Line of Credit MISCELLANEOUS GOVT AGCY
Aug 18, 2017	Deed of Trust, Mortgage · Line of Credit MISCELLANEOUS GOVT AGCY
Aug 22, 2017	Trustee's Deed, Construction Loan · Line of Credit WILLAMETTE VLY BK
Jun 2, 2017	Deed of Trust, Mortgage · Line of Credit BUSINESS DEV DEPARTMENT
Jun 2, 2017	Quit Claim Deed, Transfer FIDELITY NATIONAL TITLE
Jun 5, 2017	Quit Claim Deed, Transfer FIDELITY NATIONAL TITLE

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Sep 24, 2019 · Amount on File
Deed Sale	Sep 24, 2019 · Amount on File
Deed Document Number	201910742
Prior Transfer Date	Jun 1, 2017
Prior Transfer Doc	0000006538
Record Updated	Sep 20, 2026

September 2020: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	POLK OR
Recording Date	Sep 24, 2020
Property Address	540 PATTERSON ST NW, SALEM, OR 97304-3950
Document Number	0000013880
Instrument Date	Jul 31, 2020
Instrument	13880
Transaction Type	Transfer
Record Updated	Oct 6, 2020
Title Company	AMERITITLE

Transaction

Tax	$0.00
Additional	Quitclaim

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	PO BOX 5517 SALEM OR 973040517, SALEM, OR 97304-0517

September 2020: Correction Deed, Transfer

Document Type	Correction Deed
Jurisdiction	POLK OR
Recording Date	Sep 24, 2020
Property Address	540 PATTERSON ST NW, SALEM, OR 97304-3950
Document Number	0000013879
Instrument Date	Jul 31, 2020
Instrument	13879
Transaction Type	Transfer
Record Updated	Oct 6, 2020
Title Company	NOT AVAILABLE

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	PO BOX 5517 SALEM OR 973040517, SALEM, OR 97304-0517

October 2018: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	POLK OR
Property Address	540 PATTERSON ST NW, SALEM, OR 97304-3950
Document Number	0000011541
Instrument Date	Oct 1, 2018
Transaction Type	Mortgage
Record Updated	Oct 10, 2018

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	360 BELMONT ST NE SALEM OR 973011006, SALEM, OR 97301-1006

Mortgage

Document Number	0000011541
Date	Oct 1, 2018
Instrument	11541

Lender

Name	WILLAMETTE VLY BK
Type	Bank
Address	SALEM, OR 97301

Agreement

Term	120 Months
Due	Sep 30, 2028

February 2018: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	POLK OR
Property Address	540 PATTERSON ST NW, SALEM, OR 97304-3950
Document Number	0000002343
Instrument Date	Feb 7, 2018
Transaction Type	Mortgage
Record Updated	Mar 6, 2018
Title Company	TICOR TITLE INSURANCE COMPANY

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	360 BELMONT ST NE SALEM OR 973011006, SALEM, OR 97301-1006

Mortgage

Document Number	0000002343
Date	Feb 23, 2018
Instrument	2343

Lender

Name	MISCELLANEOUS GOVT AGCY
Address	775 SUMMER ST NE # 200, SALEM, OR 97301-1280

Agreement

Type	Line of Credit
Amount	Amount on Record

Interest

Rate Type	Adjustable Rate

August 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	POLK OR
Property Address	540 PATTERSON ST NW, SALEM, OR 97304-3950
Document Number	0000010049
Instrument Date	Aug 18, 2017
Transaction Type	Mortgage
Record Updated	Aug 24, 2018
Title Company	TICOR TITLE INSURANCE COMPANY, TICOR TITLE

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	360 BELMONT ST NE SALEM OR 973011006, SALEM, OR 97301-1006

Mortgage

Document Number	0000010049
Date	Aug 22, 2017
Instrument	10049

Lender

Name	MISCELLANEOUS GOVT AGCY
Address	SALEM, OR 97301-1280

Agreement

Type	Line of Credit
Amount	Amount on Record

Interest

Rate Type	Adjustable Rate

August 2017: Trustee's Deed, Construction Loan

Document Type	Trustee's Deed
Jurisdiction	POLK OR
Recording Date	Aug 22, 2017
Property Address	540 PATTERSON ST NW, SALEM, OR 97304-3950
Instrument Date	Aug 8, 2017
Instrument	10036
Transaction Type	Construction Loan
Record Updated	Aug 31, 2017
Title Company	TICOR TITLE INSURANCE COMPANY, TICOR TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	360 BELMONT ST NE SALEM OR 973011006, SALEM, OR 97301-1006

Mortgage

Document Number	0000010036
Date	Aug 22, 2017
Instrument	10036

Lender

Name	WILLAMETTE VLY BK
Type	Bank
Address	SALEM, OR 97301

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	12 Months
Due	Aug 21, 2018

Interest

Rate Type	Adjustable Rate

June 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	POLK OR
Property Address	540 PATTERSON ST NW, SALEM, OR 97304-3950
Document Number	0000006584
Instrument Date	Jun 2, 2017
Transaction Type	Mortgage
Record Updated	Nov 16, 2018
Title Company	TICOR TITLE INSURANCE COMPANY, TICOR TITLE

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	360 BELMONT ST NE SALEM OR 973011006, SALEM, OR 97301-1006

Mortgage

Document Number	0000006584
Date	Jun 2, 2017
Instrument	6584

Lender

Name	BUSINESS DEV DEPARTMENT
Address	775 SUMMER ST NE # 200, SALEM, OR 97301-1280

Agreement

Type	Line of Credit
Amount	Amount on Record

Interest

Rate Type	Adjustable Rate

June 2017: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	POLK OR
Recording Date	Jun 2, 2017
Property Address	540 PATTERSON ST NW, SALEM, OR 97304-3950
Document Number	0000006538
Instrument Date	Jun 1, 2017
Instrument	6538
Transaction Type	Transfer
Record Updated	Jun 14, 2017
Title Company	FIDELITY NATIONAL TITLE

Transaction

Tax	$0.00
Additional	Quitclaim Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	360 BELMONT ST NE SALEM OR 973011006, SALEM, OR 97301-1006

June 2017: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	POLK OR
Recording Date	Jun 5, 2017
Property Address	540 PATTERSON ST NW, SALEM, OR 97304-3950
Document Number	0000006626
Instrument Date	May 15, 2017
Instrument	6626
Transaction Type	Transfer
Record Updated	Jun 14, 2017
Title Company	FIDELITY NATIONAL TITLE

Transaction

Tax	$0.00
Additional	Quitclaim

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	360 BELMONT ST NE SALEM OR 973011006, SALEM, OR 97301-1006

Tax Assessment & Valuation

The 2025 property tax bill for 540 Patterson St NW was $24,805, down 27.8% from the year before.

Source: Polk County assessment roll, as of May 21, 2026

Property Jurisdictions

Type	Name
State	Oregon
County	Polk County
Municipality	Salem City
Unified School District	Salem-Keizer School District 24J (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$1,293,310 (-31.08%) Land $249,930 Building $1,043,380	$2,515,890 (-26.58%) Land $292,000 Building $2,223,890
2025	$24,805.00 (-27.76%)	$1,876,660 (+3%) Land $242,650 Building $1,634,010	$3,426,560 (-0.17%) Land $292,000 Building $3,134,560
2024	$34,335.00 (+2.99%)	$1,822,000 (+3%) Land $235,580 Building $1,586,420	$3,432,340 (+2%) Land $297,780 Building $3,134,560
2023	$33,339.00 (+3.31%)	$1,768,940 (+3%) Land $228,720 Building $1,540,220	$3,364,940 (+10.22%) Land $291,850 Building $3,073,090
2022	$32,271.00	$1,717,420 Land $222,060 Building $1,495,360	$3,052,930 Land $233,580 Building $2,819,350

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA's flood maps do not cover 540 Patterson St NW; there have been 1 flood claim nearby since 1996.

Source: FEMA National Flood Hazard Layer, effective October 28, 2021 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Not included in the FIRM
Flood Insurance Requirement	Not required lenders may require it
Community Rating System	Class 3 (35% premium discount)
Nearby Flood Policies	5 in force
Nearby Flood Claims	1 (1996)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Feb 1996 · High Winds, Severe Storms And Flooding

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 540 Patterson St NW is low, with a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 93% of Oregon
Wildfire Likelihood	0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	SALEM PUBLIC WORKS serves 199,820 people · EPA ID OR4100731
Water Source	Surface water
Last State Inspection	Jul 2023
Lead	2 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 454 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Alyrica Fixed Wireless	400 / 50
CenturyLink DSL	140 / 20
T-Mobile Fixed Wireless	100 / 20
AT&T Fixed Wireless	100 / 20

May also be available: Hunter Communications, Verizon.

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