231 CommercialSalem, OR 97301

  • Mixed-use properties
  • 8,845 SF
Off market
$498,370 Estimated

Property Details for 231 Commercial

Year built
1867
Lot size
0.10 AC
Property size (Sq ft)
8,845 SF
Zone code
CB
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
073W22DC08800
APU
073W22DC08800

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,014,925
    6.5%
    $1,859,930
    7%
    $1,727,078
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,159,341
    Geo Method
    $2,640,224
  • Alternative Use

    Use
    Valuation
    Residential
    $1,859,930
    Hospitality
    $1,703,686
    Educational
    $1,417,447
    Medical
    $1,466,195
    Retail
    $2,204,918
231 Commercial, Salem, Oregon
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Location Insight

City
Salem
County
Marion
State
Oregon
Latitude
44.942
Longitude
-123.04
CBSA code
41420
CBSA name
SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,781
-
-
$498,370
-
$128,700
$1,339,890
$1,468,590

FAQs

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