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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Office buildings
1701 Liberty SE St, Salem, OR 97302-5158
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1013797
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
6,596 SF
Lot
0.55 ac (23,958 SF)
Zoning code
CO
APN
073W34BA05400
UPID
US71-1013797
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
-
State of Oregon DHS Liberty Street Vocational Rehabilitation Field Office Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
$1.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.75M
Owner & transaction history
Orreo Liberty LLC · 1 yrs held
Orreo Liberty LLC
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
CO · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+38.9%
Auto repair, garage
$2.4M
+12.5%
Medical building
$2.2M
+6.5%
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
$1,750,000
ML approach
$1,750,000
CAP Approach
CAP Return
Estimation
6%
$1,615,000
6.5%
$1,490,000
7%
$1,385,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,095,000
Current use
RESTAURANT
$2,910,000
Change: +39% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,355,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$2,230,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±10% · vs last sale $1.75M (Oct 21 2024)
Last sale anchor
$1.75M
Oct 21 2024
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
$265 / 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
$26,110
Tax year 2023
Assessed value
$1,330,300
Assessed 2023
Previous assessed
$1,291,560
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$334,130
Improvement market value
$1,167,300
Total market value
$1,501,430
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
NONE
Stories
1
Total area
6,596 SF
Lot
0.55 ac (23,958 SF)
Zoning code
CO
APN
073W34BA05400
UPID
US71-1013797
Jurisdiction
MARION
Zoning & alternative use
CO · Salem, OR
Zoning CO · permitted uses
CO · 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
OFFICE BUILDING Current
Est. value
$2.1M
RESTAURANT
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.2M
OFFICE BUILDING Current
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
1900
Heating
NONE
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Orreo Liberty LLC
Entity
Mailing address
9103 ALTA DR UNIT #1005, LAS VEGAS, NV 89145-8556
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
$1,750,000
Orreo Liberty LLC
Gatti Investments LLC
Warranty Deed
$1,253,000 · Bank Of The Pacific
Mar 21, 2011
—
Gatti Investments LLC
—
Trustees Deed
related
$180,000 · Columbia State Bank
Oct 21, 2010
—
Gatti Investments LLC
—
Trustees Deed
related
$350,000 · Columbia State Bank
Jun 2, 2010
—
Gatti Investments LLC
—
Trustees Deed
related
—
Apr 30, 2009
—
Gatti Investments LLC
—
Trustees Deed
related
—
May 29, 2008
—
Gatti Investments LLC
—
Trustees Deed
related
$400,000 · Bank Of The Cascades
May 30, 2000
—
Gatti Investments LLC
Gatti,richard D & Daniel J
Quit Claim Deed
related
—
Oct 13, 1999
—
Sandra Wiscarson
Edna Wiscarson Estate
Quit Claim Deed
related
—
Apr 15, 1998
—
Gatti
Oregon Farm Bureau Federation
Grant Deed
$500,000 · Western Fsb
—
—
Gatti Investments LLC
—
Loan Modification
related
—
—
—
Gatti Investments LLC
—
Deed Of Trust
related
—
—
—
Gatti Investments LLC
—
Deed Of Trust
related
—
—
—
Gatti Investments LLC
—
Loan Modification
related
—
—
—
Gatti Investments LLC
—
Deed Of Trust
related
$650,000 · Bank Of The Cascades
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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