Financial
Distress signals
Property profile

217 State St Salem, OR 97301

OFF-MARKET
Other investment properties
Property ID
US71-0036237
13,270 SF 0.16 ac lot Built 1900
Last sale Sep 2022 · $1,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 13,270-square-foot retail property located on State Street at a signalized intersection, providing visibility at the street frontage. The property is zoned CB and is situated across from Riverfront Park. The lot is 25,126 square feet. The building includes a private upper-level parking garage. The property is designated within a Qualified Opportunity Zone (QOZ) and is associated with historic and urban renewal program eligibility, including a 20% Historic Tax Credit and potential Urban Renewal Grant Funds up to $699,000.

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?
$7k
Tax billed · 2023
Assessed value$349k
Effective rate1.96%

Value estimate

· Oct 2026
$1.27M
$1.14M – $1.40M
Submarket $/SF estimate$1.39M

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CB
CHAPTER 524. - CB-CENTRAL BUSINESS DISTRICT Sec. 524.001. - Purpose. The purpose of the Central Business District (CB) Zone is to impleme...
General categoryCOMMERCIAL
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.4
HVAC Service10.4
Auto Parts Store8.9

Location

217 State St Salem, OR 97301-3445
County assessor Recorded deeds · 2 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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
241 Liberty NE, Salem, OR 97301-3531 $9,650,000 Jan 2023 24,242 SF
455 Ct NE, Salem, OR 97301-3639 $2,100,000 Sep 2022 14,600 SF
160 Liberty NE, Salem, OR 97301-3847 $5,650,000 Aug 2021 11,176 SF
223 Commercial NE, Salem, OR 97301-3411 $2,450,000 Jan 2021 14,850 SF
225 Liberty NE, Salem, OR 97301-3531 $639,634 Jun 2019 11,222 SF
174 Commercial NE, Salem, OR 97301-3401 $37,500 Jan 2019 26,178 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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