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Property profile & analytics
OFF-MARKET
Estimated value
$7,740,000
Investment properties
189 Liberty NE St Salem, OR 97301-3528
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-0505094
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1894
Total area
57,965 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CB
APN
073W27AB05900
UPID
US71-0505094
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
-
Be Lashed Hair Salon Nail Salon
-
Talewind Visuals Film Production Television Studio
-
Agape Studios Corporate Video Film Production Television Studio
-
Maria Stella Atelier (Bike/Boat/Book/etc) Store
-
The Sun Bear Den Plant Shop Garden Center Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.74M
Blend (final)
Blend
$7.74M
Owner & transaction history
Ch Reed LLC · 8 yrs held
Ch Reed LLC
since 2018
7 recorded transactions
Zoning & alternative use
CB · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$7.74M
Range $6.97M – $8.51M · ±10%
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
$134 / 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
$40,887
Tax year 2023
Assessed value
$2,083,220
Assessed 2023
Previous assessed
$2,022,550
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$517,440
Improvement market value
$2,600,000
Total market value
$3,117,440
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
1894
Heating
NONE
Stories
1
Total area
57,965 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CB
APN
073W27AB05900
UPID
US71-0505094
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.
Building & site characteristics
From public records
Year built
1894
Heating
NONE
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Ch Reed LLC
Entity
Mailing address
904 SILVER SPUR RD STE #244, ROLLING HILLS ESTATES, CA 90274-4390
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2020
—
Ch Reed LLC
—
Deed
related
$1,650,000 · Miscellaneous Ins Co
Feb 26, 2018
$5,200,000
Ch Reed LLC
Qa Properties LLC
Warranty Deed
$3,000,000 · Miscellaneous Ins Co
Mar 31, 2003
$1,900,000
Qa Enterprises INC
Bourne,ian
Grant Deed
$1,500,000 · Umpqua Bank
Oct 15, 1992
$475,000
Ian Bourne
Unknown
Grant Deed
—
—
—
Ian Bourne
—
Deed Of Trust
related
$249,000 · Bank Of The Cascades
—
—
Ch Reed LLC
—
Loan Modification
related
$1,650,000 · Miscellaneous Ins Co
—
—
Ian Bourne
—
Deed Of Trust
related
$100,000 · Bank Of The Cascades
—
—
Qa Ents INC
—
Deed Of Trust
related
$1,440,000 · Bank Of The West
—
—
Q A Enterprises INC
—
Deed Of Trust
related
$75,000 · Umpqua Bank
—
—
Qa Ents INC
—
Deed Of Trust
related
$1,545,622 · Umpqua Bank
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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