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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Assisted living facilities
2933 Ctr St Nea Salem, OR 97301-4527
Individually Owned
4-yr Hold
Free & Clear
Property ID
US71-1402800
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1968
Total area
13,901 SF
Zoning code
RM2
APN
073W25AB90001
UPID
US71-1402800
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
-
VETcare Housing Complex
-
Catholic Community Property Management Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Mid Willamette Valley Cmnty Action · 4 yrs held
Mid Willamette Valley Cmnty Action
since 2021
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
RM2 · 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
$58 / 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
Improvement market value
$1,397,100
Total market value
$1,397,100
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
1968
Heating
NONE
Stories
1
Total area
13,901 SF
Zoning code
RM2
APN
073W25AB90001
UPID
US71-1402800
Jurisdiction
MARION
Zoning & alternative use
RM2 · Salem, OR
Zoning RM2 · permitted uses
RM2 · 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
1968
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
Mid Willamette Valley Cmnty Action
Individual
Free & Clear · 4 yrs held
Mailing address
2475 CTR ST NE, SALEM, OR 97301-4520
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
—
Westcare Oregon INC
—
Deed
related
$400,000 · City Of Salem
Aug 6, 2021
$800,000
Mid Willamette Valley Cmnty Action
Telios LLC
Warranty Deed
—
Jun 11, 2021
—
Telios LLC
—
Deed
related
$4,540,000 · Us Bk
Aug 12, 2020
—
Westcare Oregon INC
—
Deed
related
$77,510 · Oregon Municipal Corp
May 18, 2020
—
Westcare Oregon INC
—
Deed
related
$69,535 · Miscellaneous Govt Agcy
Aug 13, 2019
—
Westcare Foundation INC
—
Deed
related
$27,400,000 · Private Individual
Mar 29, 2011
—
Telios LLC
Catholic Cmnty Svcs Foun INC
Grant Deed
$4,540,000 · Us Bk
—
—
Catholic Community Svcs Foun
—
Deed Of Trust
related
$336,500 · Salem City
—
—
Telios LLC
—
Loan Modification
related
$4,540,000 · Us 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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