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Property profile & analytics
OFF-MARKET
Showrooms
119 50th NW Ave Salem, OR 97304-3219
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0932985
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1981
Total area
4,000 SF
Lot
0.51 ac (22,216 SF)
Zoning code
EO-I
APN
07425-B0-00104
UPID
US71-0932985
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
-
Gish Tile General Contractor Renovation Specialist
-
DK Satellite Telecommunications Service
-
Shaft Grounding Systems Inc Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hugh E Boyanton · 5 yrs held
Hugh E Boyanton
since 2020
7 recorded transactions
Zoning & alternative use
EO-I · Salem, OR
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,843
Tax year 2023
Assessed value
$138,990
Assessed 2023
Previous assessed
$134,950
+3.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$34,230
Assessed improvement
$104,760
Land market value
$91,530
Improvement market value
$328,870
Total market value
$420,400
Applied tax rate
1,324.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1981
Heating
NONE
Total area
4,000 SF
Lot
0.51 ac (22,216 SF)
Zoning code
EO-I
APN
07425-B0-00104
UPID
US71-0932985
Jurisdiction
POLK
Zoning & alternative use
EO-I · Salem, ORZoning EO-I · permitted uses
EO-I · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Lot
0.51 ac
Current owner
From public records · entity-resolved
Hugh E Boyanton
Individual
Mailing address
288 HOLDER LN SE, SALEM, OR 97306-1950
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2020
—
Hugh E Boyanton
Old Mac LLC
Special Warranty Deed
$302,000 · Key Bank NA
Jan 8, 2018
$350,000
Hugh Boyanton
Old Mac LLC
Dual Purpose Document
related
$350,000 · Old Mac LLC
Jul 19, 2017
—
R & R General Contractors INC
Old Mac LLC
Dual Purpose Document
related
—
Jun 27, 2016
—
William L Knorr
—
Deed
related
$350,000 · Wells Fargo Bk
Jun 6, 2016
$200,000
Old Mac LLC
Pacific Rental Group LLC
Warranty Deed
$200,000 · Mcgill Lucy J Living Tr (pt)
Nov 10, 2005
—
Pacific Rental Group LLC
Knorr,william L & Ann
Grant Deed
related
—
—
—
Knorr,william L & Ann C
—
Deed Of Trust
related
$350,000 · Wells Fargo Bk Nw NA
—
—
William L Knorr
—
Loan Modification
related
$350,000 · Wells Fargo Bk
—
—
Ann Knorr
—
Deed Of Trust
related
$150,000 · Wells Fargo Bank
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.
Try Rey
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