Technical
Financial
Distress signals
Property profile

3545 Portland Rd NE Salem, OR 97301

FOR SALE
Retail space
Property ID
US71-0457004
20,445 SF 1.13 ac lot Built 1956
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Plaza Del Sol is located on Portland Rd NE in Salem’s North Gateway Urban Renewal Area and comprises two buildings on approximately 3.25 acres across two tax parcels, totaling approximately 39,935 square feet. The main building contains approximately 20,445 square feet of retail and office space, including an upper level of approximately 4,080 square feet dedicated to office use and accessible by an elevator. A separate warehouse building provides approximately 10,100 square feet of warehouse space and is configured as two suites. The property also includes approximately 9,390 square feet of covered lean-to storage adjacent to the main building. Additional features include surplus land that can support further site improvements or outdoor storage, and a tenant-occupied building pad.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Total area 20,445 SF
Lot 1.13 ac (49,223 SF)
Zoning code IC
APN 073W12CC00401
UPID US71-0457004

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
  • Law Firm
  • Big Box & Wholesale Store Factory
  • Sports Field & Court Sports School
  • Law Firm
  • Church Mosque

Location

3545 Portland Rd NE Salem, OR 97301
Salem metro Census 400 SALEM, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.66M
Blend (final) Blend
$2.11M

Owner & transaction history

since 2005
7 recorded transactions
2010
Price N/A
2009
Price N/A
2005
$2.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IC · Salem, OR
Zoning description

Industrial and Employment Zone: EC, IC, IBC, and IP Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas Industrial and Employment Zone: IG Buildings and accessory structures Min 10 ft. Type C Vehicle u…

General category INDUSTRIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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