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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Office buildings
125 50th NW Ave, Salem, OR 97304-3219
Entity Owned
4-yr Hold
Free & Clear
Property ID
US71-0968192
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
1,388 SF
Lot
1.33 ac (57,935 SF)
Zoning code
EO-I
APN
07425-B0-00101
UPID
US71-0968192
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
-
Dakota Property Services Landscaping General Contractor
-
Gallant Protective Coatings Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
Lakeside Investment Group LLC · 4 yrs held
Lakeside Investment Group LLC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
EO-I · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$811 / 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
$3,630
Tax year 2023
Assessed value
$273,750
Assessed 2023
Previous assessed
$265,780
+3.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$54,060
Assessed improvement
$219,690
Land market value
$379,320
Improvement market value
$524,550
Total market value
$903,870
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Total area
1,388 SF
Lot
1.33 ac (57,935 SF)
Zoning code
EO-I
APN
07425-B0-00101
UPID
US71-0968192
Jurisdiction
POLK
Zoning & alternative use
EO-I · Salem, OR
Zoning 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
Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Stories
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Lakeside Investment Group LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 627, DALLAS, OR 97338-0627
Ownership since
2022
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
May 26, 2022
—
Lakeside Investment Group LLC
—
Deed
related
$1,016,250 · Columbia State Bank
Apr 20, 2022
$1,355,000
Lakeside Investment Group LLC
R & R General Contractors INC
Warranty Deed
—
Mar 23, 2022
$150,000
Daniel Carney
R & R General Contractors INC
Deed
—
Jan 28, 2020
—
Old Mac LLC
Norcad INC
Grant Deed
$500,000 · Investors Lending
Jul 19, 2017
$380,800
Old Mac LLC
Elm Holdings LLC
Grant Deed
$80,800 · Private Individual
Jan 11, 2017
—
Pacific Rental Group LLC
Old Mac LLC
Quit Claim Deed
related
—
Jan 11, 2017
$340,000
Elm Holdings LLC
Pacific Rental Group LLC
Warranty Deed
—
Jun 27, 2016
—
William L Knorr
—
Deed
related
$350,000 · Wells Fargo Bk
—
—
William L Knorr
—
Loan Modification
related
$350,000 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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