Financial
Distress signals
Property profile

1890 Capitol St NE Salem, OR 97301

FOR SALE
Other commercial real estate
Property ID
US71-0780429
1,440 SF 0.15 ac lot Built 1973
Last sale Jun 2025 · $248,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a cannabis retail real estate asset located in Salem, Oregon on a 0.15-acre lot with convenient on-site parking. It is positioned near the Oregon State Fair & Expo Center, providing accessibility to traffic generated by events, visitors, and local commuters. The site includes stand-alone signage rights for visibility from the main road and is configured as a retail storefront with included fixtures, furniture, and equipment (FF&E), consistent with operation as a dispensary. The

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?
$3k
Tax billed · 2023
Assessed value$148k
Effective rate1.96%

Value estimate

· Sep 2026
$160k
$144k – $176k
NOI build-up
Gross scheduled income$26k
Vacancy & credit loss−$1k
Operating expenses−$7k
NOI · 2.95% cap applied$17k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$283/SF
ZIP average, outlier-cleaned · 49 recorded sales of this use type
Observed band · Q1–Q3$105 – $440
Qualifying comparables3

Cap rate analysis

How does the asset earn?
2.95%
$17k 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
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.7
Dry Cleaner9.4
Catering Service8.9

Location

1890 Capitol St NE Salem, OR 97301
County assessor Recorded deeds · 6 transfers 3 qualifying comp sales 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
615 High NE, Salem, OR 97301-2489 $800,000 May 2025 2,429 SF
1667 Ctr NE, Salem, OR 97301-4268 $340,000 May 2025 2,240 SF
1880 Lana NE, Salem, OR 97301-0116 $720,000 Oct 2024 1,704 SF
680 Ctr NE, Salem, OR 97301-3721 $25,000 May 2024 1,035 SF
1657 Park NE, Salem, OR 97301-1655 $1,150,000 May 2024 1,018 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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