Property profile

231 Commercial NE St Salem, OR 97301

OFF-MARKET
Investment properties
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Property ID
US71-0932948
8,845 SF 0.1 ac Built 1867
Last sale Dec 1991·$140,000
Trust Owned Owner of record is a trust. 34-yr Hold Held for 34 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$498k
Effective rate1.96%

Value estimate

· Nov 2026
$380k
$342k – $418k
Submarket $/SF estimate$1.85M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$283/SF
ZIP average, outlier-cleaned · 49 recorded sales of this use type
Observed band · Q1–Q3$105 – $440
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CB
CHAPTER 524. - CB-CENTRAL BUSINESS DISTRICT Sec. 524.001. - Purpose. The purpose of the Central Business District (CB) Zone is to impleme...
General categoryCOMMERCIAL
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.4
Shoe Repair8.6
Laundry Service8.4

Location

231 Commercial NE St Salem, OR 97301-3411
County assessor Recorded deeds · 18 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
379 State, Salem, OR 97301-3533 $650,000 Jan 2025 6,080 SF
217 State, Salem, OR 97301-3445 $1,150,000 Sep 2022 13,270 SF
405 Ct NE, Salem, OR 97301-3639 $250,000 Sep 2021 5,698 SF
160 Liberty NE, Salem, OR 97301-3847 $5,650,000 Aug 2021 11,176 SF
3882 State, Salem, OR 97301-5320 $194,750 Aug 2019 5,736 SF
225 Liberty NE, Salem, OR 97301-3531 $639,634 Jun 2019 11,222 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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