Technical
Financial
Distress signals
Property profile

3402 Commercial SE St Salem, OR 97302

OFF-MARKET
Drive through restaurants
Property ID
US71-0583973
1,288 SF 0.33 ac lot Built 1968
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1968
Total area 1,288 SF
Lot 0.33 ac (14,375 SF)
Zoning code CR
APN 083W03BD01200
UPID US71-0583973

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering

Location

3402 Commercial SE St Salem, OR 97302-4635
Salem metro Census 1100 SALEM, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$734k
Blend (final) Blend
$640k

Owner & transaction history

since 2015
3 recorded transactions
2015
$390,000
1994
$224,000
1983
$190,000

Zoning & alternative use

CR · Salem, OR
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. Th…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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