1130 Royvonne Ave SE Salem, OR 97302
Property Lookup
Property profile & analytics
1130 Royvonne Ave SE Salem, OR 97302
- Retail space
- 7,770 SF
- 0.91 lot acres
Property ID
US71-0786844
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.
Location Intelligence
Current Use by Public Records
- Privet European Food and Bakery / Grocery & Convenience Store / Food Market
- Super 7 Market / Grocery & Convenience Store / Food Market
- Bangkok Thai Bistro / Restaurant
- Royal Thai Kitchen / Restaurant
- Русский магазин / Department Store
Property Details for 1130 Royvonne Ave SE
- Year built
- 2007
- Lot size
- 0.91 lot acres
- Property size
- 7,770 SF
- Zone code
- CR
- Property type
- Retail space
- APN
- 083W10DD00302
- APU
- 083W10DD00302
Description
Highland Gardens, a two-building retail strip center in Salem, Oregon (97302), presents a compelling investment opportunity. Located at 1130 Royvonne Ave SE, near Commercial St SE, this property boasts excellent visibility and signage. The 8,352 square foot center, renovated in 2007, features multiple tenant spaces, with two currently available. Units range from a minimum of 670 square feet to a maximum contiguous space of 1,050 square feet, offering flexibility for various retail businesses. The property includes a newly paved lot and an additional outparcel building, enhancing its overall appeal and functionality. The CR zoning allows for a variety of retail uses. This prime location on a busy thoroughfare ensures high traffic and exposure, making it an ideal investment for those seeking a strong return in a thriving market. The property's recent renovation ensures modern amenities and low maintenance costs. The availability of multiple units provides opportunities for diverse tenant mixes, maximizing rental income potential. This is a rare opportunity to acquire a well-maintained, high-traffic retail center in a desirable Salem location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,729,000
- AI Estimate
- $2,368,000
Market price range: $1.39M - $2.73MMarket price range: $588k - $2.53M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,915,000 Current use
- RESTAURANT
- $3,425,000 Change: +79% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,775,000 Change: +45% Conversion: Difficult
- MEDICAL BUILDING
- $2,625,000 Change: +37% Conversion: Difficult
- OFFICE BUILDING
- $2,465,000 Change: +29% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,885,000 Change: -1% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,870,000 Change: -2% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.032
- Latitude
- 44.8856
- 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
$26,367
$0.00
$0.00
$1,343,410
-
$540,570
$887,800
$1,428,370
