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Property profile & analytics

1695 Fairgrounds Rd Salem, OR 97301

  • Commercial real estate
  • 5,000 SF
  • 0.13 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US71-0714280
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

  • Commercial real estate

Property Details for 1695 Fairgrounds Rd

Year built
1948
Lot size
0.13 lot acres
Property size
5,000 SF
Zone code
CR
Property type
Commercial real estate
APN
073W23BA03000
APU
073W23BA03000

Description

This exceptional 5,000 square foot retail storefront, located at 1695 Fairgrounds Rd NE in Salem, Oregon, presents a unique investment opportunity. Built in 1948, this Class C property boasts three separate units, offering flexibility for various retail uses. The building features prominent frontage on Fairgrounds Road in a popular north Salem neighborhood, ensuring high visibility and accessibility. The net rentable area totals 3,500 square feet, providing ample space for tenants. The property is zoned CG and is offered at an asking price of $990,000. A triple net (NNN) lease structure is in place, making this a low-maintenance investment. The property's history as the Old Tucker Automotive Dealership adds to its character and potential appeal. Flexible contract sale terms are available, making this an attractive option for discerning investors. This is a rare chance to acquire a well-located, established retail property in a thriving Oregon market. The property's size and multiple unit configuration provide a strong foundation for long-term rental income and potential appreciation. Don't miss this chance to own a piece of Salem's history and secure a profitable retail investment. The zip code is 97301, and the property is situated in Marion County.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $589,000
    Market price range: $525k - $2.20M
    AI Estimate
    $589,000
    Market price range: $525k - $2.20M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Salem
County
Marion
State
Oregon
Longitude
-123.025
Latitude
44.9541
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
$3,116
$0.00
$0.00
$158,750
-
$53,260
$225,740
$279,000
More about this property
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