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Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Apartment buildings
120 Hrubetz SE Rd, Salem, OR 97302-5024
Entity Owned
4-yr Hold
Free & Clear
Property ID
US71-0451423
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2023
Total area
25,344 SF
Lot
0.67 ac (29,185 SF)
Zoning code
CR
APN
083W09DB00400
UPID
US71-0451423
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
by Request
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.68M
Owner & transaction history
Laike LLC · 4 yrs held
Laike LLC
since 2021
5 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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,795,000
Current use
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±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
$66 / 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
$33,341
Tax year 2023
Assessed value
$1,698,750
Assessed 2023
Previous assessed
$66,990
+2,435.8% YoY
Effective rate
1.96%
On assessed value
Land market value
$192,620
Improvement market value
$3,978,610
Total market value
$4,171,230
Applied tax rate
24,010.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2023
Heating
STOVE
Buildings
3
Stories
1
Bathrooms
1
Total area
25,344 SF
Lot
0.67 ac (29,185 SF)
Zoning code
CR
APN
083W09DB00400
UPID
US71-0451423
Jurisdiction
MARION
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
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
2023
Heating
STOVE
Stories
1
Buildings
3
Bathrooms
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Laike LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4742 LIBERTY RD S #182, SALEM, OR 97302-5037
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
—
Laike LLC
Jim Iverson
Bargain And Sale Deed
—
Jan 25, 2008
$950,000
Young H Ahn
Norton,jerry W & Sena A
Warranty Deed
$400,000 · Pacific International Bank
Feb 15, 2005
$515,000
Jerry W Norton
Bushong,rose
Warranty Deed
$260,000 · Wfi LLC
—
—
Ahn,young H
—
Loan Modification
related
$400,000 · Bbcn Bk-washington
—
—
Young H Ahn
—
Loan Modification
related
$346,251 · Bbu 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.
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