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Property profile & analytics
OFF-MARKET
Assisted living facilities
2853 Salem SE Ave Albany, OR 97321-4562
Individually Owned
2-yr Hold
Free & Clear
Property ID
US71-0566380
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2016
Total area
3,591 SF
Lot
2.15 ac (93,654 SF)
APN
11S 03W 05DA 00900
UPID
US71-0566380
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
-
Waverly Place Nursing Home Retirement Community
-
Wellness at Home 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
Reta J Leabo · 2 yrs held
Reta J Leabo
since 2024
7 recorded transactions
Zoning & alternative use
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 Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany 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
$217,034
Tax year 2023
Assessed value
$10,896,590
Assessed 2023
Previous assessed
$10,896,590
+0.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$581,670
Improvement market value
$17,126,420
Total market value
$17,708,090
Applied tax rate
801.0000
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
2016
Heating
NONE
Stories
1
Total area
3,591 SF
Lot
2.15 ac (93,654 SF)
APN
11S 03W 05DA 00900
UPID
US71-0566380
Jurisdiction
LINN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2016
Heating
NONE
Stories
1
Lot
2.15 ac
Current owner
From public records · entity-resolved
Reta J Leabo
Individual
Free & Clear · 2 yrs held
Mailing address
2853 SALEM AVE SE UNIT #301, ALBANY, OR 97321-4522
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
—
Reta J Leabo
Reta J Leabo
Intrafamily Transfer
related
—
May 31, 2023
—
Waverly Assisted Living LLC
—
Deed
related
$12,200,000 · Iq Cu
Nov 4, 2022
—
Waverly Assisted Living LLC
—
Deed
related
$6,500,000 · Orc II LLC
May 23, 2019
—
Waverly Assisted Living LLC
—
Trustees Deed
related
$160,000 · Iq Cu
Mar 30, 2018
—
Waverly Assisted Living LLC
—
Deed
related
$7,000,000 · Iq Cu
Jul 20, 2006
—
Waverly Assisted Living LLC
Nunn,dirk G & Sandra J
Warranty Deed
—
Jun 3, 2004
$185,200
Dirk G Nunn
Dieter,e P & Millie A
Grant Deed
—
—
—
Waverly Assisted Living LLC
—
Deed Of Trust
related
$7,000,000 · Iq Cu
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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