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Property profile & analytics
OFF-MARKET
Turn key restaurants
140 17th NE St, Salem, OR 97301-4229
Individually Owned
38-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0468667
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1934
Total area
2,460 SF
Lot
0.1 ac (4,356 SF)
Zoning code
MUI
APN
073W26AC11600
UPID
US71-0468667
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
-
Word Of Mouth Neighborhood Bistro Restaurant Cafe & Coffee Shop
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
Small Business Administration · 38 yrs held
Small Business Administration
since 1987
3 recorded transactions
Zoning & alternative use
MUI · 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
$1,961
Tax year 2023
Assessed value
$99,910
Assessed 2023
Previous assessed
$97,000
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$34,980
Improvement market value
$127,640
Total market value
$162,620
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1934
Heating
NONE
Stories
2
Total area
2,460 SF
Lot
0.1 ac (4,356 SF)
Zoning code
MUI
APN
073W26AC11600
UPID
US71-0468667
Jurisdiction
MARION
Zoning & alternative use
MUI · Salem, OR
Zoning MUI · permitted uses
MUI · 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
1934
Heating
NONE
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Small Business Administration
Individual
Mailing address
3474 6TH AVE S, SALEM, OR 97302-5604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1987
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 1987
$21,000
Small Business Administration
Unknown
Grant Deed
—
—
—
Paula M Gardner
—
Deed Of Trust
related
$250,000 · Marion & Polk Schools Cu
—
—
Paula M Gardner
—
Deed Of Trust
related
$61,962 · American General Finance INC
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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