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    Property profile & analytics

    1411 State St Salem, OR 97301

    • Turn key restaurants
    • 200 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 20, 2025
    $1,075,000
    Location Intelligence
    Property ID
    US71-0218222
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1411 State St

    Year built
    2006
    Lot size
    0.45 lot acres
    Property size
    200 SF
    Zone code
    MUI
    Property type
    Turn key restaurants
    APN
    073W26BD04900
    APU
    073W26BD04900

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.024
    Latitude
    44.9365
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,211
    $0.00
    $0.00
    $324,270
    -
    $221,390
    $102,880
    $324,270

    Comparable in this City

    • Value Estimation by Request
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      195 Commercial NE St

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      195 Commercial NE St, Salem, OR 97301-3402
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      3680 Market NE St

      RESTAURANT • 4,463 SF
      3680 Market NE St, Salem, OR 97301-1824
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      9,155 SF

      1302 Lancaster NE Dr

      RESTAURANT • 9,155 SF
      1302 Lancaster NE Dr, Salem, OR 97301-1929
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    • Value Estimation by Request
      1,265 SF

      1760 Market NE St

      RESTAURANT • 1,265 SF
      1760 Market NE St, Salem, OR 97301-2261
      View Details

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    Similar Nearby for Lease

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    1411 State St
    Salem, OR 97301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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