New search
Property profile & analytics
OFF-MARKET
Gas stations
3498 Pringle SE Rd, Salem, OR 97302-2671
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0771726
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Year built
1952
Total area
1,032 SF
Lot
0.22 ac (9,583 SF)
Zoning code
RS
APN
083W02BD09000
UPID
US71-0771726
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
-
Usa Gasoline Gas Station
-
Pop up Gas LLC Gas Station
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
Mohan Lal · 2 yrs held
Mohan Lal
since 2023
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
RS · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,888
Tax year 2023
Assessed value
$198,080
Assessed 2023
Previous assessed
$192,320
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$84,770
Improvement market value
$129,180
Total market value
$213,950
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Year built
1952
Heating
NONE
Stories
1
Total area
1,032 SF
Lot
0.22 ac (9,583 SF)
Zoning code
RS
APN
083W02BD09000
UPID
US71-0771726
Jurisdiction
MARION
Zoning & alternative use
RS · Salem, OR
Zoning RS · permitted uses
RS · 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.
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Stories
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Mohan Lal
Individual
Mailing address
2787 ARROYO RDG DR NW, SALEM, OR 97304-4257
Ownership since
2023
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
Nov 17, 2023
$500,000
Mohan Lal
Tim Mcclain
Warranty Deed
$400,000 · Tim Mcclaim
Jul 12, 2023
—
Tim Mcclain
Chris Lu
Release/satis. Of Agrem. Of Sale (fee Property)
related
—
May 18, 2018
$225,000
Tim Mcclain
Lu,chris
Grant Deed
related
—
Aug 11, 2006
—
Chris Lu
Kightlinger,ted T
Grant Deed
related
—
Oct 8, 2004
$195,000
Chris Lu
Vue,tong S & Mai Y
Quit Claim Deed
related
—
Nov 3, 2003
$125,000
Tong S Vue
Kightlinger,ted T
—
—
Jan 28, 1998
$56,800
Glenn H Lucas
Kightlinger,ted T & Richard D
Grant Deed
—
May 11, 1992
—
Ted T Kightlinger
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.
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?”
You own 3498 Pringle SE Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
