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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
22460 Hopewell NW Rd, Salem, OR 97304-9619
Individually Owned
8-yr Hold
Free & Clear
Property ID
US71-0502212
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Total area
1,344 SF
Lot
0.94 ac (40,946 SF)
Zoning code
MULT
APN
R5332BB 00900
UPID
US71-0502212
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
-
LynnRothan Art Studio
-
Hopewell Hub Art Studio Gift Shop
-
Many Currents Gym & Fitness Center
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
Elizabeth G Rothan · 8 yrs held
Elizabeth G Rothan
since 2017
5 recorded transactions
Zoning & alternative use
MULT · 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
$1,977
Tax year 2023
Assessed value
$152,961
Assessed 2023
Previous assessed
$148,506
+3.0% YoY
Effective rate
1.29%
On assessed value
Land market value
$177,957
Improvement market value
$93,562
Total market value
$271,519
Applied tax rate
4.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Heating
NONE
Bathrooms
3
Total area
1,344 SF
Lot
0.94 ac (40,946 SF)
Zoning code
MULT
APN
R5332BB 00900
UPID
US71-0502212
Jurisdiction
YAMHILL
Zoning & alternative use
MULT · Salem, OR
Zoning MULT · permitted uses
MULT · 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
Heating
NONE
Bathrooms
3
Lot
0.94 ac
Current owner
From public records · entity-resolved
Elizabeth G Rothan
Individual
Free & Clear · 8 yrs held
Mailing address
22460 HOPEWELL RD NW, SALEM, OR 97304-9619
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2017
$150,000
Elizabeth G Rothan
Carranza,luz M
Warranty Deed
—
Nov 15, 2004
—
Luz M Carranza
Carranza,raul
Quit Claim Deed
related
—
May 26, 2004
$65,300
Richard D Brown
Davis,stan L
Warranty Deed
—
Apr 20, 2004
$80,000
Stan L Davis
Mcclain,mary E
Warranty Deed
—
Mar 9, 2001
$169,000
Raul Carranza
Brown,richartd
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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