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Property profile & analytics
OFF-MARKET
Retail space
2620 Lancaster NE Dr Salem, OR 97305-4265
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-1099493
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Total area
5,400 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CR
APN
072W18CA06000
UPID
US71-1099493
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
-
Neighborhood Market Grocery & Convenience Store Food Market
-
Spanglish Food Taqueria #2 Restaurant
-
La Botana Restaurant Take-out & Catering
-
Glow & Glam Beauty Salon Hair Salon Nail Salon
-
Coinsource Bitcoin ATM Atm
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
Harnek S Dhote · 2 yrs held
Harnek S Dhote
since 2023
Last sale
$275,000
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
Tax billed
$13,198
Tax year 2023
Assessed value
$672,420
Assessed 2023
Previous assessed
$652,840
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$411,200
Improvement market value
$445,980
Total market value
$857,180
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Heating
NONE
Buildings
2
Stories
1
Total area
5,400 SF
Lot
0.59 ac (25,700 SF)
Zoning code
CR
APN
072W18CA06000
UPID
US71-1099493
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
2010
Heating
NONE
Stories
1
Buildings
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Harnek S Dhote
Individual
Mailing address
1057 NONA AVE NW, SALEM, OR 97304-2968
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2024
—
Harnek S Dhote
—
Deed
related
$1,428,000 · First Fsla Of Mcminnville
Sep 29, 2023
—
Harnek S Dhote
—
Deed
related
$1,852,000 · Pacwest Funding INC
Sep 14, 2023
—
Harnek S Dhote
Harnek S Dhote
Intrafamily Transfer
related
—
Sep 2, 2022
—
Harnek S Dhote
Harnek Dhote
Intrafamily Transfer
related
$2,100,000 · Tritalent Funding Group INC
Apr 2, 2021
—
Harpreet Kaur
Harnek Dhote
Warranty Deed
related
—
Jan 31, 2020
—
Harnek S Dhote
—
Deed
related
$3,000,000 · Monmouth Foundation LLC
Oct 15, 2010
—
Harnek S Dhote
—
Trustees Deed
related
$700,000 · Willamette Community Bank
Oct 30, 2007
$275,000
Harnek S Dhote
Wyant,charles & Wilma
Warranty Deed
$220,000 · West Coast Bank
Jun 18, 1991
$60,000
Ted Pyle
Unknown
Grant Deed
—
—
—
Harnek S Dhote
—
Deed Of Trust
related
—
—
—
Harnek S|kaur Harpreet Dhote
—
Deed Of Trust
related
$847,500 · Willamette Cmnty Bk
—
—
Harnek S Dhote
—
Deed Of Trust
related
$750,000 · Willamette Community Bank
—
—
Harnek S Dhote
—
Deed Of Trust
related
$3,000,000 · Monmouth Foundation LLC
—
—
Harnek S Dhote
—
Deed Of Trust
related
$750,000 · Willamette Community Bank
—
—
Charles E Wyant
—
Deed Of Trust
related
$50,000 · Individual
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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