Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3045 Riv N Rd Salem, OR 97303-6512
    Back to Search
    Property profile & analytics

    3045 Riv N Rd, Salem, OR 97303-6512

    View on Map
    • Sports & entertainment properties
    • 17.41 lot acres
    Off-Market
    Property ID
    US71-0567983
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • River Road City Park Splash Pad / Water Park / Park
    • Tennis Courts at River Road Park / Sports Field & Court / Sports School
    • Basketball Courts at River Road City Park / Sports Field & Court / Construction Company

    Property Details for 3045 Riv N Rd

    Lot size
    17.41 lot acres
    Zone code
    PA
    Property type
    Sports & entertainment properties
    APN
    073W10DD05100
    APU
    073W10DD05100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.034
    Latitude
    44.9704
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $671,830
    $32,000,000
    $32,671,830

    Comparable in this City

    • Value Estimation by Request
      16,905 SF

      6700 Fld Of Dreams NE Way

      AMUSEMENT PARK
      6700 Fld Of Dreams NE Way, Keizer, OR 97303-2299
      View Details
    • Value Estimation by Request
      34,880 SF

      117 Mcnary Ests N Dr

      AMUSEMENT PARK
      117 Mcnary Ests N Dr, Keizer, OR 97303-7459
      View Details
    • Value Estimation by Request
      14.33 Acres

      Salem, OR 97303

      AMUSEMENT PARK
      Salem, OR 97303
      View Details
    • Value Estimation by Request
      2,656 SF

      6020 Windsor Is N Rd

      GOLF COURSE
      6020 Windsor Is N Rd, Keizer, OR 97303-6181
      View Details
    • Value Estimation by Request
      3,296 SF

      3995 Brooklake NE Rd

      AMUSEMENT PARK
      3995 Brooklake NE Rd, Salem, OR 97303-9732
      View Details
    • Value Estimation by Request
      22,214 SF

      3500 Riv N Rd

      BOWLING ALLEY
      3500 Riv N Rd, Keizer, OR 97303-5628
      View Details

    Similar Nearby for Sale

    • $500,000

      Keizer Office Building For Sale

      Commercial Mixed-Use property with high visibility and easy access.
      4205 Cherry Ave NE, Keizer, OR 97303
      View Details
    • Contact for pricing
      8,104 SF

      Fully Occupied Industrial Storage Units

      Fully leased industrial storage asset with strong returns.
      1120-1130 Candlewood Dr NE, Keizer, OR 97303
      View Details
    • Contact for pricing
      1,318 SF

      Keizer Office Condo For Sale

      Office condo with solid tenant and monthly income.
      River Rd N, Keizer, OR 97303
      View Details
    • $759,900
      2,874 SF

      New Construction Duplex with Single Garages

      Recently completed duplex offering two 3-bedroom units with A/C, washer/dryer, and fenced landscaped yards.
      4025 Filbert Ave NE, Keizer, OR 97303
      View Details
    • Contact for pricing
      2,595 SF

      Keizer Industrial Flex Building

      2,595 SF industrial flex building in Keizer, Oregon.
      3642-3646 Candlewood Dr NE, Keizer, OR 97303
      View Details
    • Contact for pricing
      4,097 SF

      Keizer Industrial Building For Sale

      Fully occupied industrial building with three units and strong capitalization.
      3643-3647 Candlewood Ct NE, Keizer, OR 97303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Busy Location

      Retail space available in high-traffic Salem location.
      2927 Broadway St NE, Salem, OR 97303
      View Details
    • Contact for pricing

      Corner Lot Ground Lease Available

      Highly visible corner lot for ground lease in Keizer.
      500 Blk Bever Dr NE, Keizer, OR 97303
      View Details
    • Contact for pricing
      28,048 SF

      Keizer Retail Space For Lease

      Retail and restaurant spaces available in Keizer, Oregon.
      6140-6194 Ulali Dr NE, Keizer, OR 97303
      View Details
    • Contact for pricing

      Keizer Specialty Property for Rent

      Specialty property available for rent in Keizer, Oregon.
      4494 River Rd N, Keizer, OR 97303
      View Details
    • Contact for pricing
      1,320 SF

      Retail Space in Keizer

      Retail space available in Keizer, Oregon, anchored by Waremart.
      5400-5438 River Rd N, Keizer, OR 97303
      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.
    3045 Riv N Rd
    Salem, OR 97303-6512
    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

    Thank You for Inquiry
    3045 Riv N Rd, Salem, OR, 97303
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!