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    Property profile & analytics

    120 Hrubetz SE Rd Salem, OR 97302-5024

    • Apartment buildings
    • 25,344 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 16, 2021
    Location Intelligence
    Property ID
    US71-0451423
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 120 Hrubetz SE Rd

    Year built
    2023
    Lot size
    0.67 lot acres
    Property size
    25,344 SF
    Zone code
    CR
    Property type
    Apartment buildings
    APN
    083W09DB00400
    APU
    083W09DB00400

    Description

    Laike Plaza, a brand new Class A shopping center in Salem, Oregon, offers exceptional retail and commercial opportunities. Located at 120 Hrubetz Rd SE, near Liberty Rd S, this 1.5-acre property boasts three, four-story buildings totaling 3,516 square feet. The center features multiple suites, with spaces ranging from a minimum of 1,200 square feet to a maximum contiguous space of 3,516 square feet. Currently, there are 6,000 square feet of vacant space available for lease. Built and renovated in 2024, Laike Plaza is zoned CR and situated in the desirable Salem submarket within the Willamette Valley submarket cluster. The property's versatile design allows for various uses, including drive-thrus, restaurants, offices, and retail, with the potential for multi-family development. Each building offers flexible space options to accommodate diverse business needs. This is a unique opportunity to establish a presence in a thriving South Salem community. The property's prime location and modern design make it an ideal investment for businesses seeking high visibility and accessibility. Contact us today to learn more about leasing opportunities at Laike Plaza.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.059
    Latitude
    44.8904
    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
    $33,341
    $0.00
    $0.00
    $1,698,750
    -
    $192,620
    $3,978,610
    $4,171,230

    Comparable in this City

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    120 Hrubetz SE Rd
    Salem, OR 97302-5024
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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