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Property profile & analytics
OFF-MARKET
Assisted living facilities
2630 Church NE St, Salem, OR 97301-5011
Entity Owned
~
Est. High Equity
Property ID
US71-0699960
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1953
Total area
11,416 SF
Lot
0.6 ac (26,136 SF)
Zoning code
RM1
APN
073W14BC04100
UPID
US71-0699960
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
-
Iuditas Memory Care Nursing Home Retirement Community
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
Salem Care LLC
Salem Care LLC
since 2025
Last sale
$324,300
7 recorded transactions
Zoning & alternative use
RM1 · 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
$18,061
Tax year 2023
Assessed value
$920,220
Assessed 2023
Previous assessed
$893,420
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$99,970
Improvement market value
$1,215,610
Total market value
$1,315,580
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
1953
Heating
NONE
Stories
1
Total area
11,416 SF
Lot
0.6 ac (26,136 SF)
Zoning code
RM1
APN
073W14BC04100
UPID
US71-0699960
Jurisdiction
MARION
Zoning & alternative use
RM1 · Salem, OR
Zoning RM1 · permitted uses
RM1 · 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
1953
Heating
NONE
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Salem Care LLC
Entity
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2025
$2,800,000
Salem Care LLC
Benjamin Clapa Rev Trust
Warranty Deed
—
Jun 26, 2023
—
Benjamin Clapa
Benjamin Clapa SR.
Intrafamily Transfer
related
—
Apr 17, 2015
$324,300
Benjamin Clapa SR.
Church Street Manor LLC
Warranty Deed
—
Aug 15, 2008
—
Church Street Manor LLC
Jsr Investments LLC
Warranty Deed
related
—
Apr 9, 2008
—
Jsr Investments LLC
Jdr Property Investments LLC
Warranty Deed
related
—
Mar 4, 2008
$313,350
Jdr Property Investments LLC
Magnolia Manor INC
Warranty Deed
—
May 11, 2007
—
Magnolia Manor INC
Ashton,paul D & Sena M
Grant Deed
related
—
Jan 12, 2005
—
Paul D Ashton
Ashton Trust
Quit Claim Deed
related
—
Jul 13, 1994
—
Ashton Trust
Magnolia Manor I
Grant Deed
related
—
Jun 25, 1986
—
Paul D Ashton
Unknown
Grant Deed
related
—
—
—
Regier Sally J Living Trust
—
Deed Of Trust
related
$150,000 · John E & Dorothy L Regier
—
—
Church Street Manor LLC
—
Deed Of Trust
related
$250,000 · Mbank
—
—
Church Street Manor LLC
—
Deed Of Trust
related
$158,768 · Jeff & Maureen Lugar
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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