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Property profile & analytics
OFF-MARKET
Estimated value
$5,500,000
Gas stations
1350 Hawthorne NE Ave, Salem, OR 97301-2487
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0733206
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
2007
Total area
4,820 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CR
APN
073W24DA00104
UPID
US71-0733206
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
-
Chevron Salem: 24/7 Gas Station Parking Lot & Garage Gas Station
-
Salem 24/7 Food Mart: Convenience Store Grocery & Convenience Store Food Market
-
IDEAL+ CBD Store: Chevron Salem (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.50M
Owner & transaction history
Salem Sunrise Food & Gas LLC · 4 yrs held
Salem Sunrise Food & Gas LLC
since 2022
Last sale
$5.5M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$1,141 / 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
$25,427
Tax year 2023
Assessed value
$1,295,500
Assessed 2023
Previous assessed
$1,257,770
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$339,700
Improvement market value
$1,943,820
Total market value
$2,283,520
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
4,820 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CR
APN
073W24DA00104
UPID
US71-0733206
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.
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Salem Sunrise Food & Gas LLC
Entity
Mailing address
1350 HAWTHORNE AVE NE, SALEM, OR 97301-2487
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2022
$5,500,000
Salem Sunrise Food & Gas LLC
Pdk Investment LLC
Warranty Deed
$4,720,000 · Ready Capital Corp
Jul 31, 2019
—
Pdk Investment LLC
—
Deed
related
—
Apr 11, 2017
$640,000
Pdk Investment LLC
Tomasi Salyer Baroway PC|elijah Imports LLC
Trustees Deed
—
Jul 2, 2007
$875,000
Elijah Imports LLC
Kp Investments LLC
Warranty Deed
$1,930,100 · Business Loan Center INC
—
—
Pdk Investment LLC
—
Deed Of Trust
related
—
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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