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Property profile & analytics
OFF-MARKET
Apartment buildings
1304 Wallace NW Rd 1, Salem, OR 97304-3075
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0249163
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Total area
39,540 SF
Lot
1.83 ac (79,715 SF)
Zoning code
RM2
APN
07322-B0-00600
UPID
US71-0249163
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
3004 Kalmia LLC · 2 yrs held
3004 Kalmia LLC
since 2023
Last sale
$15.3M
7 recorded transactions
Zoning & alternative use
RM2 · 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
—
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
$53,845
Tax year 2023
Assessed value
$2,856,970
Assessed 2023
Previous assessed
$2,856,970
+0.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$231,160
Assessed improvement
$2,625,810
Land market value
$565,030
Improvement market value
$5,033,550
Total market value
$5,598,580
Applied tax rate
3,201.0000
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
1990
Heating
NONE
Buildings
47
Stories
1
Rooms
8
Bathrooms
1
Total area
39,540 SF
Lot
1.83 ac (79,715 SF)
Zoning code
RM2
APN
07322-B0-00600
UPID
US71-0249163
Jurisdiction
POLK
Zoning & alternative use
RM2 · Salem, OR
Zoning RM2 · permitted uses
RM2 · 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
1990
Heating
NONE
Stories
1
Buildings
47
Rooms
8
Bathrooms
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
3004 Kalmia LLC
Entity
Mailing address
10531 4TH CMNS DR #716, SAN DIEGO, CA 92127-3517
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2023
$15,250,000
3004 Kalmia LLC
Parkview Holdings LLC
Special Warranty Deed
$8,449,000 · Cbre Multifamily Capital INC
Dec 24, 2019
—
Parkview Holdings LLC
—
Deed
related
$4,700,000 · Jp Morgan Chase Bk
Mar 22, 2010
$200,000
Owner Name Unavailable
Parkview Holdings LLC
Grant Deed
related
—
Mar 22, 2010
—
Owner Name Unavailable
Parkview Holdings LLC
Grant Deed
related
—
Sep 23, 2008
$4,925,000
Parkview Holdings LLC
Cline Living Trust
Grant Deed
$3,447,000 · First Republic Bank
Sep 23, 2008
—
Park View LLC
Principal Group
Grant Deed
related
—
Sep 17, 2008
$4,925,000
Owner Name Unavailable
Mcnal Barry R & Virgini
Warranty Deed
related
—
Jan 30, 2008
—
Mcnall Barry R & Virginia A Tr
Park View LLC
Grant Deed
related
—
—
—
Parkview Holdings LLC|heather Canyon LLC
—
Deed Of Trust
related
$3,360,000 · Jp Morgan Chase Bk
—
—
Parkview Holdings LLC|heather Canyon LLC
—
Deed Of Trust
related
$3,360,000 · Jp Morgan Chase Bk
—
—
Parkview Holdings LLC
—
Deed Of Trust
related
$3,412,500 · J P Morgan Chase Bank
—
—
Parkview Holdings LLC
—
Deed Of Trust
related
$4,700,000 · Jp Morgan Chase 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.
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