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Property profile & analytics
OFF-MARKET
Estimated value
$4,720,000
Hospitals
1124 Wallace Rd Nw Ste 105 Salem, OR 97304-3190
Entity Owned
12-yr Hold
Free & Clear
Property ID
US71-0526191
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2006
Total area
15,596 SF
Lot
8.29 ac (361,112 SF)
Zoning code
CR
APN
07322-C0-00707
UPID
US71-0526191
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.72M
Owner & transaction history
Department Of Transportation · 12 yrs held
Department Of Transportation
since 2013
6 recorded transactions
Zoning & alternative use
CR · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.9M
+30.4%
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%
$3,480,000
6.5%
$3,215,000
7%
$2,985,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,270,000
Current use
RESTAURANT
$6,875,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$4,330,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$4.72M
Range $4.25M – $5.19M · ±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
$303 / 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
$266,335
Tax year 2023
Assessed value
$14,131,420
Assessed 2023
Previous assessed
$13,719,830
+3.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$5,042,960
Assessed improvement
$9,088,460
Land market value
$6,846,900
Improvement market value
$15,705,860
Total market value
$22,552,760
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
11
Total area
15,596 SF
Lot
8.29 ac (361,112 SF)
Zoning code
CR
APN
07322-C0-00707
UPID
US71-0526191
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.3M
RESTAURANT
Est. value
$6.9M
OFFICE BUILDING
Est. value
$4.3M
MEDICAL BUILDING Current
RESTAURANT
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
2006
Heating
NONE
Buildings
11
Lot
8.29 ac
Current owner
From public records · entity-resolved
Department Of Transportation
Entity
Free & Clear · 12 yrs held
Mailing address
4895 INDIAN SCHOOL RD NE, SALEM, OR 97305-1126
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2018
—
Roth Iga Foodliner INC
—
Deed
related
$500,000 · Umpqua Bk
Apr 12, 2017
—
Roth I G A Foodliner Incorporated
—
Deed
related
$7,311,210 · Umpqua Bank
Sep 30, 2013
$26,750
Department Of Transportation
Roth Iga Foodliner INC
Warranty Deed
—
Jul 15, 2005
—
Roth Iga Foodliner INC
—
Deed Of Trust
related
$3,600,000 · Sterling Savings Bank
—
—
Roth Iga Foodliner INC
—
Deed Of Trust
related
$12,900,000 · Sterling Savings Bank
—
—
Roth Iga Foodliner INC
—
Deed Of Trust
related
$500,000 · Umpqua 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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