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    Property profile & analytics

    102 Hrubetz SE Rd, Unit 100 Salem, OR 97302-5395

    • Investment properties
    • 3,369 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $1,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0742500
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Momiji Sushi Restaurant - Liberty / Restaurant
    • Tonys taco shop / Restaurant

    Property Details for 102 Hrubetz SE Rd

    Year built
    1967
    Lot size
    0.33 lot acres
    Property size
    3,369 SF
    Zone code
    CR
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    083W09DB00500
    APU
    083W09DB00500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,107,000
      Market price range: $170k - $1.19M
      AI Estimate
      $1,107,000
      Market price range: $170k - $1.19M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $810,000
      Current use
      AUTO REPAIR, GARAGE
      $1,205,000
      Change: +48% Conversion: Difficult
      MEDICAL BUILDING
      $1,140,000
      Change: +40% Conversion: Easy
      OFFICE BUILDING
      $1,070,000
      Change: +32% Conversion: Easy
      RETAIL STORES
      $830,000
      Change: +2% Conversion: Easy
      WAREHOUSE, STORAGE
      $815,000
      Change: +1% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.06
    Latitude
    44.8905
    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
    $3,006
    $0.00
    $0.00
    $286,110
    -
    $241,480
    $179,660
    $421,140

    Comparable in this City

    • Value Estimation
      $565,000
      2,512 SF

      165 Owens S St

      STORE/OFFICE (MIXED USE) • 2,512 SF
      165 Owens S St, Salem, OR 97302-4222
      View Details
    • Value Estimation by Request
      0.20 Acres

      198 Candalaria S Blvd

      STORE/OFFICE (MIXED USE) • 0.20 Acres
      198 Candalaria S Blvd, Salem, OR 97302
      View Details
    • Value Estimation
      $1,190,000
      4,386 SF

      3617 Liberty S Rd

      STORE/OFFICE (MIXED USE) • 4,386 SF
      3617 Liberty S Rd, Salem, OR 97302
      View Details
    • Value Estimation
      $2,350,000
      9,200 SF

      2416 13th SE St

      STORE/OFFICE (MIXED USE) • 9,200 SF
      2416 13th SE St, Salem, OR 97302-2546
      View Details
    • Value Estimation
      $620,000
      2,064 SF

      345 Owens SE St

      STORE/OFFICE (MIXED USE) • 2,064 SF
      345 Owens SE St, Salem, OR 97302-4144
      View Details
    • Value Estimation by Request
      3,576 SF

      3212 Triangle SE Dr

      STORE/OFFICE (MIXED USE) • 3,576 SF
      3212 Triangle SE Dr, Salem, OR 97302-4506
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,416 SF

      Redevelopment Opportunity in South Salem

      High-visibility mixed-use redevelopment opportunity on 0.62 acres.
      3212 Triangle Dr SE, Salem, OR 97302
      View Details
    • $719,900
      2,754 SF

      Salem Office Building with Apartment

      Two-story office building with studio apartment in South Salem.
      1705 Commercial St SE, Salem, OR 97302
      View Details
    • New
      $525,000
      2.37 Acres

      South Salem Acreage Parcel

      Scenic, treed acreage parcel in South Salem.
      2881 Frst Hvn Way S, Salem, OR 97302
      View Details
    • Contact for pricing

      Class A Office Building Suites

      Two professional office suites with private offices and shared amenities.
      3155 River Rd S, Salem, OR 97302
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      477 Madrona Ave SE, Salem, OR 97302
      View Details
    • Contact for pricing
      15,000 SF

      South Salem Industrial Build Opportunity

      Industrial land available for build to suit in South Salem.
      900 - Cascadia Industrial St SE, Salem, OR 97302
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Restaurant Space for Lease

      Retail and restaurant spaces available for lease.
      2541 Boone Rd, Salem, OR 97302
      View Details
    • Contact for pricing

      Freestanding Retail Building with Drive-Thru

      3,612 SF former bank building with high visibility.
      2710 Commercial St SE, Salem, OR 97302
      View Details
    • Contact for pricing
      1,446 SF

      High-Traffic Corner Lot Retail Space

      Retail space on a high-traffic corner lot with parking.
      1516 Commercial St NE, Salem, OR 97302
      View Details
    • Contact for pricing
      1,639 SF

      Office Space with Private Rooms

      Office space featuring private rooms, convenient access, and private parking.
      2025 Madrona Ave SE, Salem, OR 97302
      View Details
    • $2 SF/Yr
      6,000 SF

      Salem Office Space For Rent

      Office suites available for lease in Salem, Oregon.
      835 Commercial St SE, Salem, OR 97302
      View Details
    • Contact for pricing
      116,866 SF

      Prime Retail Space in Salem

      Well-maintained retail property with versatile layouts and ample parking.
      2460 Mission St SE, Salem, OR 97302
      View Details
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    Salem, OR 97302-5395
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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