Financial
Distress signals
Property profile

1590 12Th St SE Salem, OR 97302

FOR SALE
Other commercial real estate
Property ID
US71-0491655
4,500 SF 0.43 ac lot Built 1959
Last sale Apr 2025 · $1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a commercial site in Salem, Oregon at 1590 12th St SE, consisting of approximately 0.43 acres and providing about 4,500 square feet of commercial space. It is located in the CG zoning district, which permits office, retail, and restaurant uses. The site has also been approved for a convenience store, with plans documented for that use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$9k
Tax billed · 2023
Assessed value$475k
Effective rate1.96%

Value estimate

· Sep 2026
$1.30M
$1.17M – $1.42M
Submarket $/SF estimate$1.59M
NOI build-up
Gross scheduled income$81k
Vacancy & credit loss−$4k
Operating expenses−$23k
NOI · 637.05% cap applied$54k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$241/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$50 – $352

Cap rate analysis

How does the asset earn?
637.05%
$54k 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?
CG
The purpose of the General Commercial (CG) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through t...
General categoryCOMMERCIAL
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Pawn Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pawn Shop10.5
Grocery Store10.2
Storage Facility9.7

Location

1590 12Th St SE Salem, OR 97302
County assessor Recorded deeds · 3 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1490 12th SE, Salem, OR 97302-2817 $365,000 Sep 2023 3,200 SF
2425 13th SE, Salem, OR 97302-2545 $599,900 Aug 2023 3,216 SF
4596 Commercial SE, Salem, OR 97302-3918 $2,550,000 Jun 2022 6,016 SF
3537 Commercial SE, Salem, OR 97302-3829 $185,000 May 2022 2,992 SF
2682 25th SE, Salem, OR 97302 $65,000 Apr 2020 3,000 SF
1298 13th SE, Salem, OR 97302-2510 $325,000 Jan 2020 3,168 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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