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Property profile & analytics
OFF-MARKET
Assisted living facilities
2360 Grear NE St Salem, OR 97301-2779
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US71-0855609
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1958
Total area
7,702 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CR
APN
073W24CC04600
UPID
US71-0855609
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
-
Grear Street Apartments Charitable Organization Social Service Agency
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
Union Gospel Msn Of Salem Oregon · 17 yrs held
Union Gospel Msn Of Salem Oregon
since 2008
7 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
Land market value
$103,130
Improvement market value
$626,560
Total market value
$729,690
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1958
Heating
NONE
Stories
1
Total area
7,702 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CR
APN
073W24CC04600
UPID
US71-0855609
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
1958
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Union Gospel Msn Of Salem Oregon
Individual
Mailing address
PO BOX 431, SALEM, OR 97308-0431
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2020
—
Union Gospel Mission Of Salem Ore
—
Deed
related
$280,000 · Pioneer Tr Bk
Jan 17, 2020
—
Union Gospel Mission Of Salem
—
Deed
related
$750,000 · Pioneer Tr Bk
Dec 29, 2008
$650,000
Union Gospel Msn Of Salem Oregon
Cline Craig & C C R U
Warranty Deed
$325,000 · Cline Craig & C C R U (tr)
Dec 29, 2008
—
Craig Cline
Tokarski Lawrence E Trust
Grant Deed
related
—
Sep 24, 2007
—
Craig Cline
Cline Living Trust
Quit Claim Deed
related
—
May 18, 1998
—
Craig A Cline
Catholic Community Svcs Founda
Grant Deed
related
—
Apr 17, 1998
—
Catholic Community Svcs Founda
Tokarski,lawrence E
Grant Deed
related
—
Apr 10, 1997
$32,000
Clayton Sabine Homes
Tokarski,lawrence E
Grant Deed
$94,000 · Washington Federal Savings
Apr 20, 1990
$125,000
Lawrence E Et Al Tokarski
Unknown
Grant Deed
—
—
—
Union Gospel Mission Of Salem
—
Deed Of Trust
related
$750,000 · Pioneer Tr Bk
—
—
Union Gospel Mission Of Salem Ore
—
Deed Of Trust
related
$280,000 · Pioneer Tr 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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