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Property profile

28405 Salmon River Hwy Grand Ronde, OR 97347

FOR SALE
Retail space
Property ID
US71-0608395
5,075 SF 0.45 ac lot Built 1947
Last sale Aug 2022 · $550,000
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

The property at 28405 Salmon River Hwy in Grand Ronde, Oregon is a commercial building configured for hospitality uses, with prior and current use as a restaurant and bar. Improvements include a functional commercial kitchen, an established bar area, and indoor dining space. The site provides onsite parking and has frontage on Salmon River Highway, a major regional travel corridor that offers access to nearby destinations including the Oregon Coast and the Willamette Valley; it is also near…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$363k
Assessed land$70k
Assessed improvement$293k
Effective rate1.09%

Value estimate

· Oct 2026
$575k
$518k – $633k
AI approach$530k
Submarket $/SF estimate$786k
NOI build-up
Gross scheduled income$102k
Vacancy & credit loss−$4k
Operating expenses−$24k
NOI · 6.10% cap applied$73k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$132/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$60 – $238

Cap rate analysis

How does the asset earn?
6.10%
$73k 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?
GR-C
JurisdictionPOLK

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 Service8.8
Pawn Shop8.3
Storage Facility7.6

Location

28405 Salmon River Hwy Grand Ronde, OR 97347
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

2 recorded sales · 6 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8840 Hebo, Grand Ronde, OR 97347-9713 $200,000 Jun 2023 2,160 SF
48480 Hebo, Grand Ronde, OR 97347-9609 $287,000 Nov 2018 1,716 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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