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Property profile & analytics
OFF-MARKET
Assisted living facilities
1940 45th NE Ave, Salem, OR 97305-1812
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0705696
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Total area
56,880 SF
Lot
3.44 ac (149,846 SF)
Zoning code
RM2; RA
APN
072W19AA04700
UPID
US71-0705696
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Springs At Sunnyview LLC · 1 yrs held
Springs At Sunnyview LLC
since 2025
3 recorded transactions
Zoning & alternative use
RM2; RA · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$104,664
Tax year 2023
Assessed value
$5,332,680
Assessed 2023
Previous assessed
$5,177,360
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$674,310
Improvement market value
$6,606,120
Total market value
$7,280,430
Applied tax rate
24,013.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
3
Stories
2
Bathrooms
1
Total area
56,880 SF
Lot
3.44 ac (149,846 SF)
Zoning code
RM2; RA
APN
072W19AA04700
UPID
US71-0705696
Jurisdiction
MARION
Zoning & alternative use
RM2; RA · Salem, OR
Zoning RM2; RA · permitted uses
RM2; RA · 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
1999
Heating
NONE
Stories
2
Buildings
3
Bathrooms
1
Lot
3.44 ac
Current owner
From public records · entity-resolved
Springs At Sunnyview LLC
Entity
Mailing address
401 NE EVANS ST, MCMINNVILLE, OR 97128-4606
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2025
—
Springs At Sunnyview LLC
Sunnyview Land LLC
Quitclaim Deed
related
$6,000,000 · Synovus Bank
Dec 20, 2017
—
Sunnyview Land LLC
Springs At Sunnyview LLC
Quit Claim Deed
related
$60,000 · Sam & Kathy Sprenger
Aug 17, 1998
$300,000
F F Stubblefield
Zunck,william
Grant Deed
—
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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