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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Drive through restaurants
1111 Edgewater NW St, Salem, OR 97304-4047
Trust Owned
24-yr Hold
~
Est. High Equity
Property ID
US71-0630707
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1940
Total area
7,940 SF
Lot
0.22 ac (9,583 SF)
Zoning code
CR
APN
07321-DC-10800
UPID
US71-0630707
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
-
The Vault Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.56M
Owner & transaction history
Williamson Trust · 24 yrs held
Williamson Trust
since 2002
7 recorded transactions
Zoning & alternative use
CR · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10%
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
$196 / 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
$5,659
Tax year 2023
Assessed value
$300,240
Assessed 2023
Previous assessed
$291,500
+3.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$66,720
Assessed improvement
$233,520
Land market value
$265,960
Improvement market value
$847,640
Total market value
$1,113,600
Applied tax rate
3,225.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1940
Heating
NONE
Buildings
3
Total area
7,940 SF
Lot
0.22 ac (9,583 SF)
Zoning code
CR
APN
07321-DC-10800
UPID
US71-0630707
Jurisdiction
POLK
Zoning & alternative use
CR · Salem, OR
Zoning CR · permitted uses
CR · 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.
Building & site characteristics
From public records
Year built
1940
Heating
NONE
Buildings
3
Lot
0.22 ac
Current owner
From public records · entity-resolved
Williamson Trust
Trust
Mailing address
PO BOX 3634, SALEM, OR 97302-0634
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2019
—
Logan Properties LLC
—
Deed
related
$205,700 · Columbia St Bk
Jan 3, 2019
—
Logan Properties LLC
—
Deed
related
—
Mar 12, 2018
—
Long Properties LLC
—
Deed
related
$15,000 · Pioneer Trust Bank NA
Mar 30, 2005
—
Logan Properties LLC
—
Trustees Deed
related
$100,000 · West Coast Bank
Apr 23, 2002
—
Williamson Trust
Williamson,keith A & Jean E
Quit Claim Deed
related
$170,000 · West Coast Bank
Apr 6, 2000
$250,000
Keith A Williamson
Dilger Unitrust
Grant Deed
$175,000 · Liberty Bank
—
—
Logan Properties LLC
—
Loan Modification
related
—
—
—
Logan Properties LLC
—
Loan Modification
related
—
—
—
Logan Properties LLC
—
Deed Of Trust
related
$250,000 · Pioneer Trust Bank NA
—
—
Logan Properties LLC
—
Deed Of Trust
related
$294,300 · Columbia St Bk
—
—
Logan Properties LLC
—
Deed Of Trust
related
$35,000 · West Coast Bank
—
—
Logan Properties LLC
—
Deed Of Trust
related
$205,700 · Columbia St Bk
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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