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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Investment properties
2715 Commercial SE St Salem, OR 97302
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0302533
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Total area
8,575 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CR
APN
073W34CC04000
UPID
US71-0302533
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.85M
Owner & transaction history
Blum Investments LLC · 6 yrs held
Blum Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
CR · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.1M
+48.4%
Medical building
$2.9M
+40.5%
Office building
$2.7M
+31.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,065,000
Current use
AUTO REPAIR, GARAGE
$3,060,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$2,900,000
Change: +40% · Conversion: Easy
OFFICE BUILDING
$2,720,000
Change: +32% · Conversion: Easy
RETAIL STORES
$2,110,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$2,080,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$215 / SF
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
$9,141
Tax year 2023
Assessed value
$477,260
Assessed 2023
Previous assessed
$477,260
+0.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$416,660
Improvement market value
$60,600
Total market value
$477,260
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Heating
NONE
Buildings
2
Stories
1
Total area
8,575 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CR
APN
073W34CC04000
UPID
US71-0302533
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
1
Buildings
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Blum Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
4685 MACARTHUR CT STE #375, NEWPORT BEACH, CA 92660-1854
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Feb 23, 2026
—
Candalaria Crossing LLC
—
Deed
related
$4,693,000 · Tri Counties Bank
Dec 5, 2019
—
Blum Investments LLC
Troy Blum
Quit Claim Deed
related
—
Jun 9, 2015
$5,740,000
Butte Properties LLC
Newman Dev Group Of Candalaria Ll
Grant Deed
$3,874,000 · Wells Fargo Bk
Apr 13, 2011
$2,200,000
Newman Dev Group Of Candalaria Ll
Umpqua Bk
Grant Deed
$1,500,000 · Manufacturers & Traders Trust
Sep 7, 2010
$4,900,000
Umpqua Bk
Candalaria South LLC
Deed In Lieu Of Foreclosure
related
—
Jan 9, 2008
—
Candalaria South LLC
Berrey Dan & Fran Trust
Grant Deed
$4,900,000 · Umpqua Bank
Oct 22, 2004
$1,130,000
Berrey Dan & Fran Trust
Candalaria Investment
Warranty Deed
$778,000 · Umpqua Bank
Oct 22, 2004
—
Berrey Dan & Fran Trust
—
Trustees Deed
related
$126,000 · Umpqua Bank
—
—
Berrey Dan & Fran Trust
—
Deed Of Trust
related
$892,131 · Umpqua Bank
—
—
Newman Dev Group Of Candalaria Ll
—
Deed Of Trust
related
$2,073,640 · M & T Bank
—
—
Newman Dev Group Of Candalria LLC
—
Deed Of Trust
related
$1,525,000 · M&t 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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