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Property profile & analytics
OFF-MARKET
Banks
1995 Commercial SE St Salem, OR 97302-5205
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0258890
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1994
Total area
6,792 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CO
APN
073W34BD04300
UPID
US71-0258890
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
-
William D. Bateman DMD, LLC Dental Office
-
Jeffrey M Jones PC Law Firm
-
Industrial Welding Supply Big Box & Wholesale Store Building Supply
-
ATM (Union Bank) Atm
-
Garage Door Repair Masters Building Supply General Contractor
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
Jmj Commercial Properties LLC · 2 yrs held
Jmj Commercial Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
CO · 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
$22,455
Tax year 2023
Assessed value
$1,144,090
Assessed 2023
Previous assessed
$1,110,770
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$489,070
Improvement market value
$1,425,330
Total market value
$1,914,400
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1994
Heating
NONE
Stories
2
Total area
6,792 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CO
APN
073W34BD04300
UPID
US71-0258890
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.
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Stories
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Jmj Commercial Properties LLC
Entity
Mailing address
1840 W NOB HL ST SE, SALEM, OR 97302-5258
Ownership since
2023
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
Jul 12, 2023
$1,504,865
Jmj Commercial Properties LLC
U S Bank National Association
Quit Claim Deed
related
$1,216,000 · First Fsla Of Mcminnville
Mar 29, 2013
$1,660,000
Bk Union
Frontier Bk
Grant Deed
related
—
Oct 26, 2009
—
Frontier Bk
Ffp INC
Grant Deed
related
—
Jan 26, 2009
—
Frontier Bank
Ffp INC
Grant Deed
related
—
Sep 27, 1996
—
Wheeler Family LP
Bank Of Salem
Quit Claim Deed
related
—
Nov 23, 1993
$87,000
Bank Of Salem
Unknown
Grant Deed
related
—
—
—
Ffp INC
—
Deed Of Trust
related
$1,065,000 · Frontier 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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