Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    290 Moyer NW Ln Salem, OR 97304-3822

    • Retail space
    • 13,240 SF
    • 1.46 lot acres
    OFF-MARKET
    Last Sale
    Sep 24, 2021
    $2,300,000
    Value Estimations
    $2,355,000
    Show details
    Cap Rate Potential
    4.5%
    Retail space
    Location Intelligence
    Property ID
    US71-0951423
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Carolyn Occhipinti, PSYD / Physician / Medical Clinic
    • Mary K. Lintz, Mot / Physician
    • Amy Haslett, OTR / Physician
    • Jodie D. Mccue, OT / Physician
    • West Coast Strength / Gym & Fitness Center

    Property Details for 290 Moyer NW Ln

    Year built
    1967
    Lot size
    1.46 lot acres
    Property size
    13,240 SF
    Zone code
    IC
    Property type
    Retail space
    APN
    07322-CB-02500
    APU
    07322CB02500

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,655,000
      6.5%
      $2,450,000
      7%
      $2,275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,367,000
      Market price range: $2.37M - $4.65M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,260,000
      Current use
      OFFICE BUILDING
      $3,675,000
      Change: +13% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,470,000
      Change: +6% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Polk
    State
    Oregon
    Longitude
    -123.048
    Latitude
    44.948
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,121
    $265,490
    $642,930
    $908,420
    -
    $465,690
    $2,156,960
    $2,622,650

    Comparable in this City

    • Value Estimation by Request
      2,408 SF

      940 Edgewater NW St

      RETAIL STORES (PERSONAL SERVICES) • 2,408 SF
      940 Edgewater NW St, Salem, OR 97304-3820
      View Details
    • Value Estimation
      $7,640,000
      40,388 SF

      505 Taggart Dr Nw Ste 110a

      RETAIL STORES (PERSONAL SERVICES) • 40,388 SF
      505 Taggart Dr Nw Ste 110a, Salem, OR 97304-4098
      View Details
    • Value Estimation
      $4,615,000
      24,115 SF

      511 Edgewater NW St

      RETAIL STORES (PERSONAL SERVICES) • 24,115 SF
      511 Edgewater NW St, Salem, OR 97304-3815
      View Details
    • Value Estimation
      $3,300,000
      16,793 SF

      645 9th NW St, Unit 105

      RETAIL STORES (PERSONAL SERVICES) • 16,793 SF
      645 9th NW St, Salem, OR 97304-3299
      View Details
    • Value Estimation by Request
      1,234 SF

      110 Stoneway NW Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,234 SF
      110 Stoneway NW Dr, Salem, OR 97304-4517
      View Details
    • Value Estimation by Request
      960 SF

      1452 Brush College NW Rd

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      1452 Brush College NW Rd, Salem, OR 97304-1404
      View Details

    Similar Nearby for Sale

    • $1,395,000
      7,940 SF

      Retail Building on Edgewater Street

      Retail building with three leased spaces and recent renovations.
      1111-1117 Edgewater St NW, Salem, OR 97304
      View Details
    • $1,395,000
      7,940 SF

      Salem Retail Investment Opportunity

      High-yield retail building, 7,940 SF
      1111-1117 Edgewater St, Salem, OR 97304
      View Details
    • $5,850,000

      Redevelopment Site in West Salem

      Flat, rectangular site primed for redevelopment in West Salem.
      740 Bassett St NW, Salem, OR 97304
      View Details
    • $9,650,000

      Willamette Riverfront Farm Opportunity

      Productive 445-acre farm with development potential near Salem.
      Salem, OR 97304
      View Details
    • $175,000
      0.24 Acres

      Residential Land in Salem, Oregon

      0.24 acre lot, close to city services.
      NW Doaks Ferry Rd, Salem, OR 97304
      View Details
    • $955,000

      Salem Land Parcel For Sale

      Approximately 18 acres of land near apartment complexes in Salem.
      2170 Wallace Rd NW, Salem, OR 97304
      View Details

    Similar Nearby for Lease

    • $0.67 SF/Yr
      2,400 SF

      Retail Space in Salem, Oregon

      Retail space available for lease in Salem, Oregon.
      576 Patterson St NW, Salem, OR 97304
      View Details
    • $2 SF/Yr
      105,457 SF

      Retail Suite in Anchored Center

      Turnkey retail suite with high visibility and traffic.
      1140 Wallace Rd NW, Salem, OR 97304
      View Details
    • $28 SF/Yr
      917 SF

      Retail Space in Salem Center

      Walgreens-anchored shopping center with high traffic and multiple access.
      525 Taggart Dr, Salem, OR 97304
      View Details
    • $1.50 SF/Yr
      1,584 SF

      Retail Space in High-Traffic Area

      Retail space with restroom, bathroom, and kitchen in Salem.
      1105-1109 Edgewater St NW, Salem, OR 97304
      View Details
    • $1.50 SF/Yr
      5,622 SF

      West Salem Retail/Office Space

      Bright, versatile retail/office space in West Salem's active corridor.
      1109 Edgewater St Northwest, Salem, OR 97304
      View Details
    • $2 SF/Yr
      105,457 SF

      Retail Suite in High-Traffic Center

      Turnkey retail suite in established shopping center, available November 2025.
      1140 Wallace Rd NW, Salem, OR 97304
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    290 Moyer NW Ln
    Salem, OR 97304-3822
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.