Property profile

2725 Portland NE Rd Salem, OR 97301

OFF-MARKET
Retail properties & Spaces
Property ID
US71-0896197
3,652 SF 0.16 ac lot Built 1951
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1951
Total area 3,652 SF
Lot 0.16 ac (6,970 SF)
Zoning code CG
APN 073W14AD03500
UPID US71-0896197

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Parts Store

Location

2725 Portland NE Rd Salem, OR 97301-0168
Salem metro Census 400 SALEM, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$588k
Blend (final) Blend
$600k

Owner & transaction history

since 2015
3 recorded transactions
2015
$540,486
1991
$162,000
1969
Price N/A

Zoning & alternative use

CG · Salem, OR
Zoning description

The purpose of the General Commercial (CG) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards.

General category COMMERCIAL
Top alternative use upside
Office building $940,000 +60.8%
Retail stores $900,000 +53.9%
Warehouse, storage $710,000 +21.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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