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Property profile & analytics
OFF-MARKET
Estimated value
$5,285,000
Investment properties
160 Liberty NE St Salem, OR 97301-3847
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0416985
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1916
Total area
11,176 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CB
APN
073W27AB05500
UPID
US71-0416985
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
-
Salvatori Design, LLC IT Consulting Firm
-
Steele Media Consulting Marketing & Advertising Advertising Agency
-
Chatbots Northwest Marketing & Advertising
-
Bare and Bold Laser Body Shop Spa & Massage Center Alternative Medicine Practice
-
ETech Consulting, LLC Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.92M
Blend (final)
Blend
$5.29M
Owner & transaction history
Jet Set Commercial LLC · 4 yrs held
Jet Set Commercial LLC
since 2021
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
CB · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+55.8%
Auto repair, garage
$4.0M
+26.2%
Medical building
$3.8M
+19.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,925,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,990,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$3,775,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$5.29M
Range $4.76M – $5.81M · ±10% · vs last sale $5.65M (Aug 10 2021)
Last sale anchor
$5.65M
Aug 10 2021
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
$473 / 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
$83,651
Tax year 2023
Assessed value
$4,262,040
Assessed 2023
Previous assessed
$4,137,910
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$249,180
Improvement market value
$5,334,890
Total market value
$5,584,070
Applied tax rate
24,970.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1916
Heating
NONE
Stories
1
Total area
11,176 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CB
APN
073W27AB05500
UPID
US71-0416985
Jurisdiction
MARION
Zoning & alternative use
CB · Salem, OR
Zoning CB · permitted uses
CB · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$3.8M
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1916
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Jet Set Commercial LLC
Entity
Mailing address
160 LIBERTY ST NE, SALEM, OR 97301-3847
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2021
$5,650,000
Jet Set Commercial LLC
Metropolitan Building LLC
Warranty Deed
$3,672,000 · Pacific Premier Bank
Jul 3, 2008
—
Metropolitan Building LLC
—
Trustees Deed
related
—
Jul 3, 2006
—
Metropolitan Building LLC
—
Grant Deed
related
$1,800,000 · Willamette Valley Bank
Feb 18, 2005
—
Metropolitan Building LLC
Mckinney,scott J & Randi L
Grant Deed
related
—
Feb 16, 2005
$300,000
Scott J Mckinney
Carmen,roy R
Warranty Deed
$300,000 · Willamette Valley Bank
Nov 5, 1974
$75,000
Walter Rothenberg
Unknown
Grant Deed
—
—
—
Metropolitan Building LLC
—
Deed Of Trust
related
$1,715,000 · Bank Of The West
—
—
Metropolitan Building 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.
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