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Property profile & analytics
OFF-MARKET
Estimated value
$15,005,000
Turn key restaurants
3760 Ctr NE St Salem, OR 97301-2904
Entity Owned
5-yr Hold
Free & Clear
Property ID
US71-0488987
Property summary
AI-generated overview
This thriving hibachi and sushi restaurant presents a unique turnkey business opportunity in a high-traffic Salem location. Situated within a bustling plaza anchored by a Target store and other complementary businesses, this 7,570 square foot establishment boasts approximately 150 seats, a full commercial kitchen equipped with a walk-in cooler, and a dedicated bar area. The restaurant enjoys ample on-site parking, ensuring convenient access for patrons. Its established clientele and prime location within a busy commercial plaza contribute to its consistent success. The sale includes the established business only
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Total area
6,391 SF
Lot
0.76 ac (33,106 SF)
Zoning code
CRLU
APN
072W30BB05400
UPID
US71-0488987
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
-
Nagoya Japanese Steakhouse & Sushi Restaurant
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.01M
Owner & transaction history
Gildred Family Properties LLC · 5 yrs held
Gildred Family Properties LLC
since 2021
Last sale
$19.5M
4 recorded transactions
Zoning & alternative use
CRLU · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$2,348 / 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
$28,467
Tax year 2023
Assessed value
$1,798,660
Assessed 2023
Previous assessed
$1,746,280
+3.0% YoY
Effective rate
1.58%
On assessed value
Land market value
$635,610
Improvement market value
$1,589,420
Total market value
$2,225,030
Applied tax rate
24,622.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Heating
NONE
Stories
1
Total area
6,391 SF
Lot
0.76 ac (33,106 SF)
Zoning code
CRLU
APN
072W30BB05400
UPID
US71-0488987
Jurisdiction
MARION
Zoning & alternative use
CRLU · Salem, OR
Zoning CRLU · permitted uses
CRLU · 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.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Gildred Family Properties LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 2662, RANCHO SANTA FE, CA 92067-2662
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2021
$19,500,000
Gildred Family Properties LLC
Evergreen Plaza Group LLC
Warranty Deed
—
May 8, 2007
$14,550,000
Evergreen Plaza Group LLC
Wcmc Charitabl Unitrust
Grant Deed
$9,700,000 · Great-west Life & Annuity Ins
Dec 5, 2006
—
Washington Const & Mgmt Co
Powell,lloyd W & Sharon L
Quit Claim Deed
related
—
May 18, 1988
$301,000
Bank Of America National Trust
Unknown
Grant Deed
related
—
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.
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