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    2555 Oak Grove Rd Salem, OR 97304

    For Sale
    $695,000

    19-acre property ideal for rural living near Salem, McMinnville.

    Lot size:
    19.80 Acres

    Property Features for 2555 Oak Grove Rd

    General Information

    Lot size
    19.80 Acres

    Source: Agri-Investment Services Agent Brett Veatch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    19-Acre Rural Living Property

    This 19-acre property, situated between Salem, McMinnville, and Dallas, offers a rural living environment. It includes a single-level ranch home that is ready for updates, presenting a project opportunity for creating a customized living space. The location provides a tranquil rural setting with proximity to the conveniences of nearby towns.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.16722
    Latitude
    44.968525

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    FAQs

    What type of property is this?
    Land - 19-acre property ideal for rural living near Salem, McMinnville.
    Where is this land located?
    The property is located at 2555 Oak Grove Rd Salem, OR.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - 19-acre property ideal for rural living.; - Conveniently located between Salem, McMinnville, and Dallas.; - Single-level ranch home.
    (503) 212-2735
    Request Owner's contact information
    2555 Oak Grove Rd Salem, OR 97304
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    Salem, OR 97304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2555 Oak Grove Rd Salem, OR 97304
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