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Property profile & analytics
OFF-MARKET
Estimated value
$2,285,000
Medical Office Space
1105 Liberty SE St, Salem, OR 97302-4142
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0811415
Property summary
AI-generated overview
This exceptional Salem, Oregon medical office complex presents a unique investment and owner-user opportunity. Located at 1105-1115 Liberty St SE & 374 Owens St SE, Salem, OR 97302 (APN 579487), this property consists of three suites within two buildings, totaling approximately [Total square footage needs to be calculated from provided data, this is not possible with the given information] square feet. The property sits on a substantial 36,590 square foot lot and is zoned CO. Built in 1961, the single-story buildings boast charming mid-century architectural details, including multiple atriums. Currently, three suites are finished for medical use
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1961
Total area
9,549 SF
Lot
0.84 ac (36,590 SF)
Zoning code
CO
APN
073W27CD02900
UPID
US71-0811415
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. David O. Moline, DDS Dental Office
-
Wylamn Dustin DDS Dental Office
-
Wallace Shanna Dental Office
-
Zielinski Sharon Dental Office
-
Wade Mary Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$2.29M
Owner & transaction history
Libertysalem LLC · 1 yrs held
Libertysalem LLC
since 2024
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
CO · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.4M
+5.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,225,000
Current use
AUTO REPAIR, GARAGE
$3,410,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$3,030,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$2.29M
Range $2.06M – $2.51M · ±10% · vs last sale $1.96M (Aug 12 2024)
Last sale anchor
$1.96M
Aug 12 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$239 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,739
Tax year 2023
Assessed value
$1,291,610
Assessed 2023
Previous assessed
$1,258,750
+2.6% YoY
Effective rate
1.92%
On assessed value
Land market value
$526,930
Improvement market value
$764,680
Total market value
$1,291,610
Applied tax rate
24,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1961
Heating
NONE
Stories
1
Total area
9,549 SF
Lot
0.84 ac (36,590 SF)
Zoning code
CO
APN
073W27CD02900
UPID
US71-0811415
Jurisdiction
MARION
Zoning & alternative use
CO · Salem, OR
Zoning CO · permitted uses
CO · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.0M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Libertysalem LLC
Entity
Mailing address
7035 SW HAMPTON ST, TIGARD, OR 97223-8313
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
$1,955,000
Libertysalem LLC
Ventura Properties LLC
Bargain & Sale Deed
$1,564,000 · Northwest Community Cu
Apr 16, 2020
—
Venture Props
—
Deed
related
—
Nov 9, 2016
—
Ventura Properties LLC
—
Deed
related
$200,000 · Private Individual
Dec 17, 2009
$1,100,000
Ventura Properties LLC
Cascadia Dev LLC
Warranty Deed
$587,500 · Pioneer Tr Bk
Jul 19, 2004
$725,000
Cascadia Development LLC
Ten Thirty-one LLC
Grant Deed
—
Jun 30, 2004
$725,000
Ten Thirty-one LLC
Pioneer Trust Bank NA Trustee
Grant Deed
$522,000 · Umpqua Bank
—
—
Venture Props
—
Loan Modification
related
—
—
—
Ventura Properties LLC
—
Deed Of Trust
related
$479,000 · Cascade West Fin'l Svcs INC
—
—
Ventura Properties LLC
—
Deed Of Trust
related
$200,000 · Private Individual
—
—
Cascadia Dev LLC
—
Deed Of Trust
related
$672,000 · Umpqua Bank
—
—
Ventura Properties LLC
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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