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Property profile & analytics
OFF-MARKET
Gas stations
2315 Commercial SE St, Salem, OR 97302-5318
Entity Owned
9-yr Hold
Free & Clear
Property ID
US71-0885345
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
2018
Total area
3,318 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CR
APN
073W34CB00100
UPID
US71-0885345
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
-
Stop N Save Grocery & Convenience Store
-
Chevron Salem Auto Repair Shop
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
Merritt 1 INC · 9 yrs held
Merritt 1 INC
since 2017
6 recorded transactions
Zoning & alternative use
CR · 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
$15,818
Tax year 2023
Assessed value
$805,950
Assessed 2023
Previous assessed
$782,480
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$365,120
Improvement market value
$703,970
Total market value
$1,069,090
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
2018
Heating
NONE
Stories
1
Total area
3,318 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CR
APN
073W34CB00100
UPID
US71-0885345
Jurisdiction
MARION
Zoning & alternative use
CR · Salem, OR
Zoning CR · permitted uses
CR · 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
2018
Heating
NONE
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Merritt 1 INC
Entity
Free & Clear · 9 yrs held
Mailing address
4035 CYPRESS ST NE, SALEM, OR 97301-1955
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2019
—
Merritt 1 INC
—
Deed
related
$860,000 · Willamette Cmnty Bk
Apr 26, 2017
$1,200,000
Merritt 1 INC
Singh,jaswant
Warranty Deed
—
Dec 31, 2008
$525,000
Jaswant Singh
Suncor Holdings-cop II LLC
Warranty Deed
$262,500 · Suncor Holdings-cop II LLC
Dec 27, 2005
$456,997
Suncor Holdings-cop II LLC
Conocophillips
Grant Deed
related
$104,865,329 · Istar Financial INC
Apr 7, 1997
$13,780
Tosco Corporation
Union Oil Company Of Californi
Grant Deed
—
—
—
Merritt 1 INC
—
Deed Of Trust
related
$860,000 · Willamette Cmnty Bk
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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