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    3212 Triangle Dr SE Salem, OR 97302
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    Property profile & analytics

    3212 Triangle Dr SE, Salem, OR 97302

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    • Investment properties
    • 3,576 SF
    • 0.62 lot acres
    For Sale
    View Listing →
    Redevelopment Opportunity in South Salem For Sale
    Contact for pricing
    4,416 SF

    Redevelopment Opportunity in South Salem

    High-visibility mixed-use redevelopment opportunity on 0.62 acres.

    3212 Triangle Dr SE, Salem, OR 97302
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    Property ID
    US71-0545893
    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

    • ATM / Atm

    Property Details for 3212 Triangle Dr SE

    Year built
    1948
    Lot size
    0.62 lot acres
    Zone code
    CG
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    083W03BA02700
    APU
    083W03BA02700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 25, 2026 $625,000 Sunrise 100 LLC Turk Investments LLC Warranty Deed —
    Jun 18, 2025 — Turk Investments LLC — Deed · related $452k · Blackhawk Capital Group INC
    Aug 16, 2024 — Turk Investments LLC Rain City Capital Of Oregon LLC Quit Claim Deed · related —
    Aug 16, 2024 $355,000 Turk Investments LLC Moonshine Enterprises LLC Trustees Deed · related —
    Jan 28, 2020 $450,000 James S Wakefield Richard S Lacey Warranty Deed —
    Jan 28, 2020 — Moonshine Ents LLC James S Wakefield Grant Deed · related $350k · Other Institutional Lenders
    Apr 20, 2015 $450,000 James S|lacey Richard S Wakefield Lacey Richard S Grant Deed · related —
    Dec 19, 2007 — Richard S Lacey Rsl LLC Quit Claim Deed · related —

    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
    -123.046
    Latitude
    44.9101
    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
    $7,244
    $0.00
    $0.00
    $369,110
    -
    $339,250
    $106,420
    $445,670

    Comparable in this City

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      345 Owens SE St

      STORE/OFFICE (MIXED USE)
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    • Value Estimation
      $7,230,000
      20,517 SF

      2725 Commercial SE St

      STORE/OFFICE (MIXED USE)
      2725 Commercial SE St, Salem, OR 97302-4480
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    • Value Estimation
      $1,105,000
      3,369 SF

      102 Hrubetz SE Rd, Unit 100

      STORE/OFFICE (MIXED USE)
      102 Hrubetz SE Rd, Salem, OR 97302-5395
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    • Value Estimation
      $3,705,000
      11,480 SF

      4742 Liberty S Rd

      STORE/OFFICE (MIXED USE)
      4742 Liberty S Rd, Salem, OR 97302-5037
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    • Value Estimation by Request
      0.03 Acres

      Salem, OR 97302

      STORE/OFFICE (MIXED USE)
      Salem, OR 97302
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,416 SF

      Redevelopment Opportunity in South Salem

      High-visibility mixed-use redevelopment opportunity on 0.62 acres.
      3212 Triangle Dr SE, Salem, OR 97302
      View Details
    • Contact for pricing

      Mixed-Use Property with Redevelopment Potential

      South Salem corner lot with high visibility and redevelopment opportunities.
      4192 Liberty Rd S, Salem, OR 97302
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    • $985,000
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      Salem Office Building - Liberty Corridor

      Historic Charm, Modern Office Space, Prime Location
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      4,096 SF

      South Salem Fourplex Investment Opportunity

      Well-maintained four-unit property with stable tenants in South Salem.
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      15,000 SF

      Retail Flex Investment Opportunity

      15,000 SF retail flex space in Salem, Oregon.
      2425-2475 25Th St SE, Salem, OR 97302
      View Details
    • Contact for pricing
      7,168 SF

      Retail Showroom with Warehouse Space

      Single-story building featuring retail showroom and warehouse with upgrades.
      1515 13Th St SE, Salem, OR 97302
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      116,866 SF

      Prime Retail Space in Salem

      Well-maintained retail property with versatile layouts and ample parking.
      2460 Mission St SE, Salem, OR 97302
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      5,550 SF

      Salem Office Space For Rent

      Office suites available for lease in Salem, Oregon.
      835 Commercial St SE, Salem, OR 97302
      View Details
    • Contact for pricing

      Retail/Restaurant Space for Lease

      Retail and restaurant spaces available for lease.
      2541 Boone Rd, Salem, OR 97302
      View Details
    • Contact for pricing
      1,639 SF

      Office Space with Private Rooms

      Office space featuring private rooms, convenient access, and private parking.
      2025 Madrona Ave SE, Salem, OR 97302
      View Details
    • $21 SF/Yr

      Drive-Through Building in South Salem

      Stand-alone drive-through building with patio seating in a retail area.
      1130 Royvonne Ave SE, Salem, OR 97302
      View Details
    • Contact for pricing

      Industrial Warehouse Space Available

      General Industrial warehouse space for lease with roll door.
      2345 Mcgilchrist St SE, Salem, OR 97302
      View Details
    View Listing
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    Salem, OR 97302
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    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.

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