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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Turn key restaurants
1395 Edgewater NW St, Salem, OR 97304-4050
Entity Owned
4-yr Hold
Free & Clear
Property ID
US71-0410010
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2016
Total area
2,458 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CR
APN
07328-AB-04100
UPID
US71-0410010
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
-
MJ's Glass & Vape 2 (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Little Caesars Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$863k
Blend (final)
Blend
$965k
Owner & transaction history
Callisto West Investments LLC · 4 yrs held
Callisto West Investments LLC
since 2022
Last sale
$1.0M
7 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±10% · vs last sale $1.01M (Mar 16 2022)
Last sale anchor
$1.01M
Mar 16 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$393 / 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
$8,649
Tax year 2023
Assessed value
$458,930
Assessed 2023
Previous assessed
$445,570
+3.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$89,730
Assessed improvement
$369,200
Land market value
$329,370
Improvement market value
$711,700
Total market value
$1,041,070
Applied tax rate
3,225.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2016
Heating
NONE
Total area
2,458 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CR
APN
07328-AB-04100
UPID
US71-0410010
Jurisdiction
POLK
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
2016
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Callisto West Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4557 ATOLL AVE, SHERMAN OAKS, CA 91423-3304
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
Mar 16, 2022
$1,014,500
Callisto West Investments LLC
Michael J Victor
Warranty Deed
—
May 2, 2017
—
Michael J Victor
—
Deed
related
—
Jul 27, 2016
—
Michael J Victor
—
Deed
related
$50,000 · Selco Community Cu
Jun 14, 2016
—
Michael J Victor
—
Trustees Deed
related
$800,000 · Selco Cmnty Cu
Apr 15, 2016
—
Michael J Victor
—
Trustees Deed
related
$152,000 · Selco Cmnty Cu
Jan 15, 2016
$425,000
Michael J Victor
Bratland Properties LLC
Warranty Deed
$149,214 · Private Individual
Mar 5, 2013
$262,000
Bratland Properties LLC
Baruch,issac S & Rachel
Warranty Deed
—
Mar 5, 2013
—
Isaac S Baruch
Amira Gabriel Trust
Warranty Deed
related
—
—
—
Michael J Victor
—
Loan Modification
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.
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