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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Showrooms
1880 Lana NE Ave, Salem, OR 97301-0116
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0743767
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Total area
1,704 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CR
APN
073W13BC01300
UPID
US71-0743767
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
-
Oregon Copier Service & Supplies Inc Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$496k
Blend (final)
Blend
$720k
Owner & transaction history
Gamino Holdings LLC · 1 yrs held
Gamino Holdings LLC
since 2024
Last sale
$720,000
7 recorded transactions
Zoning & alternative use
CR · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$610,000
+26.2%
Medical building
$575,000
+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
$720,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$480,000
Current use
AUTO REPAIR, GARAGE
$610,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$575,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$440,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $720k (Oct 15 2024)
Last sale anchor
$720k
Oct 15 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
$423 / 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
$2,623
Tax year 2023
Assessed value
$133,640
Assessed 2023
Previous assessed
$129,750
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$121,870
Improvement market value
$112,790
Total market value
$234,660
Applied tax rate
24,950.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
1,704 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CR
APN
073W13BC01300
UPID
US71-0743767
Jurisdiction
MARION
Zoning & alternative use
CR · Salem, OR
Zoning CR · permitted uses
CR · 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
COMMERCIAL (GENERAL) Current
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$610,000
MEDICAL BUILDING
Est. value
$575,000
OFFICE BUILDING
Est. value
$440,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1960
Heating
NONE
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Gamino Holdings LLC
Entity
Mailing address
11166 SW BELNAP CT, WILSONVILLE, OR 97070-8587
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
$1,115,000
Gamino Holdings LLC
Epping Investments Limited
Warranty Deed
$1,050,000 · Epping Investments Ltd
Aug 22, 2018
—
Lana Avenue LLC
—
Deed
related
$95,000 · Business Dev Department
Apr 24, 2018
$160,000
Lana Avenue LLC
Fuller A C JR & D D Trust
Grant Deed
—
Dec 11, 2017
$160,000
Lana Avenue LLC
Fuller A C JR & D D Trust
Grant Deed
—
Nov 1, 2017
$160,000
Lana Avenue LLC
Fuller A C JR & D D Trust
Grant Deed
related
—
—
—
Lana Avenue LLC
—
Deed Of Trust
related
$95,000 · Business Dev Department
—
—
Lana Avenue LLC
—
Deed Of Trust
related
$95,000 · Business Dev Department
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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