Financial
Distress signals
Property profile

1310 12Th St Southeast Salem, OR 97302

FOR LEASE
Investment properties
Property ID
US71-0983860
9,318 SF 0.32 ac lot Built 1987
Last sale Dec 2023 · $900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional commercial property, located at 1310 12th St SE in Salem, Oregon, presents a unique investment opportunity. The property encompasses a total of 9,318 square feet of building space situated on a sizable 13,939 square foot lot. The building is configured to accommodate multiple tenants, with two spaces currently available, ranging from 1,432 to 3,794 square feet. The versatile space is suitable for a variety of retail uses, as well as warehouse/storage and office applications.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$690k
Effective rate1.96%

Value estimate

· Oct 2026
$1.02M
$914k – $1.12M
NOI build-up
Gross scheduled income$134k
Vacancy & credit loss−$7k
Operating expenses−$38k
NOI · 7,138,320.00% cap applied$89k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$241/SF
ZIP average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$50 – $352
Qualifying comparables5

Cap rate analysis

How does the asset earn?
7,138,320.00%
$89k 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: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility15.5
Wholesale Shop14.1
Grocery Store13.7

Location

1310 12Th St Southeast Salem, OR 97302
County assessor Recorded deeds · 7 transfers 5 qualifying comp sales 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

4 recorded sales · 12 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3941 Vlg Ctr SE, Salem, OR 97302-4284 $290,000 Sep 2024 1,500 SF
2488 Pringle SE, Salem, OR 97302-1445 $100,000 Jun 2021 4,881 SF
165 Owens S, Salem, OR 97302-4222 $400,000 Aug 2020 2,512 SF
3212 Triangle SE, Salem, OR 97302-4506 $450,000 Jan 2020 3,576 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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