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Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Turn key restaurants
195 Commercial NE St, Salem, OR 97301-3402
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0528038
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1889
Total area
9,792 SF
Lot
0.21 ac (9,148 SF)
Zoning code
CB
APN
073W22CD03000
UPID
US71-0528038
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
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
The Holman Hotel in Salem Oregon Hotel & Motel
-
The Night Deposit Whiskey Library Bar & Pub
-
Pacific Standard Restaurant
-
Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$1.92M
Owner & transaction history
Salem Opportunity LLC · 4 yrs held
Salem Opportunity LLC
since 2021
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
$1.92M
Range $1.72M – $2.11M · ±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
$196 / 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
$19,606
Tax year 2023
Assessed value
$998,930
Assessed 2023
Previous assessed
$969,840
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$268,920
Improvement market value
$1,302,350
Total market value
$1,571,270
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1889
Heating
NONE
Buildings
2
Stories
1
Total area
9,792 SF
Lot
0.21 ac (9,148 SF)
Zoning code
CB
APN
073W22CD03000
UPID
US71-0528038
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
1889
Heating
NONE
Stories
1
Buildings
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Salem Opportunity LLC
Entity
Mailing address
2659 COMMERCIAL ST SE STE #290, SALEM, OR 97302-4399
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2025
—
195 Commercial Street LLC
—
Deed
related
$22,500,000 · German American Capital Corp
Dec 20, 2021
—
Salem Opportunity LLC
Salem Opportunity LLC
Deed
related
$21,500,000 · Axos Bank
Jul 18, 2019
$1,500,000
Salem Opportunity LLC
Shortputt LLC
Warranty Deed
—
Dec 26, 2018
—
Shortputt LLC
Cjd Holdings LLC
Quitclaim Deed
related
—
Mar 1, 2018
$550,000
Cjd Holdings LLC
Burdick,donald C & Lindsey S
Grant Deed
related
—
Feb 1, 2012
—
Gramor LLC
—
Trustees Deed
related
$10,000 · Pioneer Trust Bank NA
Dec 31, 1990
$600,000
C Al
Unknown
Grant Deed
—
—
—
Gramor LLC
—
Loan Modification
related
—
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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