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Property profile & analytics
OFF-MARKET
Amusement parks
2975 Riv S Rd Salem, OR 97302-9754
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US71-0786945
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
1977
Total area
41,376 SF
Lot
2.8 ac (121,968 SF)
Zoning code
CR
APN
073W33CC00300
UPID
US71-0786945
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
-
Thomas J. Williams, PT Physician
-
Courthouse Club Fitness - South River Road Gym & Fitness Center
-
Impact Jiu Jitsu Training Center Sports School
-
Salem Reformed Baptist Church
-
Carbon Physical Therapy Medical Clinic
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
Unexpected LLC · 7 yrs held
Unexpected LLC
since 2019
5 recorded transactions
Zoning & alternative use
CR · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Commercial Retail (CR) 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. The CR zone generally allows a wide array of retail sales and office uses.
Zone name
Retail Commercial
General category
COMMERCIAL
Zone area
453.73 ac
Source
Realmo
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
—
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
$102,351
Tax year 2023
Assessed value
$5,214,850
Assessed 2023
Previous assessed
$5,062,970
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$754,150
Improvement market value
$7,735,820
Total market value
$8,489,970
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
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Year built
1977
Heating
NONE
Stories
1
Total area
41,376 SF
Lot
2.8 ac (121,968 SF)
Zoning code
CR
APN
073W33CC00300
UPID
US71-0786945
Jurisdiction
MARION
Zoning & alternative use
CR · Salem, ORZoning CR · permitted uses
CR · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Commercial Retail (CR) 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. The CR zone generally allows a wide array of retail sales and office uses.
Zone name
Retail Commercial
General category
COMMERCIAL
Zone area
453.73 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Stories
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Unexpected LLC
Entity
Mailing address
PO BOX 3125, SALEM, OR 97302-0125
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
—
Unexpected LLC
—
Deed
related
$2,000,000 · Pioneer Trust Bank NA
Nov 17, 2020
—
Unexpected LLC
—
Deed Of Trust
related
$2,000,000 · Pioneer Tr Bk
Jul 19, 2019
—
Unexpected LLC
Spirit Master Funding II LLC
Warranty Deed
related
$1,830,000 · Pioneer Tr Bk
Jan 6, 2006
—
Spirit Master Funding II LLC
Court House LLC
Trustees Deed
related
$6,130,000 · Citibank NA
Aug 11, 1986
—
House Dba Court
Unknown
Grant Deed
related
—
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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