Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

1245 Columbia St NE Salem, OR 97301

FOR SALE
Retail space
Property ID
US71-0487454
3,555 SF 0.53 ac lot Built 2010
Last sale Dec 2009 · $1,110,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A newer neighborhood strip center with available commercial spaces typically ranging from 1,000 to 2,000 square feet. The spaces are designed for retail or office use and feature large windows that bring in natural light and provide prominent street visibility. One unit layout includes a large open area plus two private offices and a combined break/storage/IT room. The strip center is located near the State Fairgrounds and Expo Center. The property is structured as an NNN-style arrangement.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$579k
Effective rate1.96%

Value estimate

· Nov 2026
$1.13M
$1.01M – $1.24M
Submarket $/SF estimate$1.25M
NOI build-up
Gross scheduled income$36k
Vacancy & credit loss−$2k
Operating expenses−$10k
NOI · 13.37% cap applied$24k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$246/SF
Submarket average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$179 – $351

Cap rate analysis

How does the asset earn?
13.37%
$24k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CG
The purpose of the General Commercial (CG) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through t...
General categoryCOMMERCIAL
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency36.1
Dental Office32.6
Law Firm21.3

Location

1245 Columbia St NE Salem, OR 97301
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2680 Portland NE, Salem, OR 97301-0125 $750,000 Feb 2026 4,125 SF
1311 Liberty NE, Salem, OR 97301-6429 $400,000 May 2025 3,200 SF
353 State, Salem, OR 97301 $1,031,529 May 2023 3,315 SF
1940 Fairgrounds NE, Salem, OR 97301-0603 $960,000 Dec 2021 4,578 SF
490 Pne NE, Salem, OR 97301-8316 $2,500,000 Nov 2021 2,400 SF
964 Norway NE, Salem, OR 97301 $480,000 Feb 2021 2,340 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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