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Property profile & analytics
FOR SALE
Commercial real estate
2945 Liberty Rd S, Salem, OR 97302
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0507825
For Sale
1 / 2
$3,595,000
2945 Liberty Rd S, Salem, OR 97302
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Total area
18,844 SF
Lot
2 ac (87,120 SF)
Zoning code
CR
APN
083W03BB00200
UPID
US71-0507825
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
-
Office Depot Tech Services Tech Support Center (Bike/Boat/Book/etc) Store
-
FedEx ShipSite Postal Service Courier Service
-
Office Depot Print & Copy Services (Bike/Boat/Book/etc) Store Printing Service
-
Cary’s Bakeshop- Japanese Bakery Bakery Specialty Food Shop
-
Office Depot (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.64M
Blend (final)
Blend
$6.64M
Owner & transaction history
Rb1 Investors LLC · 11 yrs held
Rb1 Investors LLC
since 2014
7 recorded transactions
Zoning & alternative use
CR · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.3M
+83.3%
Auto repair, garage
$6.7M
+48.4%
Medical building
$6.4M
+40.5%
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)
$4,535,000
Current use
RESTAURANT
$8,310,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,730,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$6,370,000
Change: +40% · Conversion: Easy
OFFICE BUILDING
$5,980,000
Change: +32% · Conversion: Easy
RETAIL STORES
$4,640,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$4,570,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$6.64M
Range $5.98M – $7.30M · ±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
$352 / 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
$38,379
Tax year 2023
Assessed value
$1,955,440
Assessed 2023
Previous assessed
$1,898,490
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$1,393,920
Improvement market value
$1,242,940
Total market value
$2,636,860
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1960
Heating
NONE
Stories
1
Total area
18,844 SF
Lot
2 ac (87,120 SF)
Zoning code
CR
APN
083W03BB00200
UPID
US71-0507825
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
$4.5M
RESTAURANT
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$6.4M
OFFICE BUILDING
Est. value
$6.0M
RETAIL STORES
Est. value
$4.6M
WAREHOUSE, STORAGE
Est. value
$4.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
Year built
1960
Heating
NONE
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Rb1 Investors LLC
Entity
Mailing address
2837 22ND ST SE #155, SALEM, OR 97302-1554
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Jun 27, 2025
—
Rb1 Investores LLC
—
Deed
related
$1,165,446 · Teba Holdings LLC
Jul 2, 2020
—
Rb1 Investors LLC
—
Deed
related
$1,566,842 · Us Bk
Jan 8, 2020
—
Rb1 Investors LLC
—
Trustees Deed
related
$1,987,500 · Us Bk
Dec 15, 2014
$2,650,000
Rb1 Investors LLC
Commercial Street Invtrs LLC
Grant Deed
$1,987,500 · Us Bk
Mar 28, 2003
$1,795,000
Commercial Street Investors Ll
Hawkins-smith
Grant Deed
$1,271,000 · Sterling Savings Bank
Apr 20, 1990
$410,000
Hawkins-smith
Unknown
Grant Deed
—
—
—
Commercial Street Invtrs LLC
—
Deed Of Trust
related
$1,280,000 · Standard Insurance Co
—
—
Rb1 Investors LLC
—
Loan Modification
related
$1,566,842 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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