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Property profile & analytics
OFF-MARKET
Estimated value
$5,135,000
Automotive properties
3601 Silverton NE Rd, Salem, OR 97305-1471
Entity Owned
5-yr Hold
Free & Clear
Property ID
US71-0651966
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1999
Total area
11,740 SF
Lot
2 ac (87,120 SF)
Zoning code
CG
APN
072W07C 01802
UPID
US71-0651966
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
-
Redline Birria Y Tacos Restaurant
-
Timber Town Harley-Davidson Motorcycle Shop (Bike/Boat/Book/etc) Store
-
Redline Tacos Restaurant
-
Timber Town Harley-Davidson Service Auto Repair Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.69M
Blend (final)
Blend
$5.14M
Owner & transaction history
Silver Vly R & E Ptrs LLC · 5 yrs held
Silver Vly R & E Ptrs LLC
since 2020
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
CG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+23.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,190,000
Current use
RESTAURANT
$5,175,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$3,970,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$5.14M
Range $4.62M – $5.65M · ±10% · vs last sale $5.10M (Sep 23 2020)
Last sale anchor
$5.10M
Sep 23 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$437 / SF
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
$61,950
Tax year 2023
Assessed value
$3,156,380
Assessed 2023
Previous assessed
$3,064,450
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$790,610
Improvement market value
$2,729,650
Total market value
$3,520,260
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
5
Stories
2
Total area
11,740 SF
Lot
2 ac (87,120 SF)
Zoning code
CG
APN
072W07C 01802
UPID
US71-0651966
Jurisdiction
MARION
Zoning & alternative use
CG · Salem, OR
Zoning CG · permitted uses
CG · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.2M
RESTAURANT
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Stories
2
Buildings
5
Lot
2 ac
Current owner
From public records · entity-resolved
Silver Vly R & E Ptrs LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3601 SILVERTON RD NE, SALEM, OR 97305-1471
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2021
—
Silver Vly R & E Ptrs LLC
—
Deed
related
$1,822,000 · Evergreen Busn Cap
Sep 23, 2020
$5,100,000
Silver Vly R & E Ptrs LLC
Willamette Ventures LLC
Warranty Deed
—
Sep 23, 2020
—
Silver Vly R & E Ptrs LLC
—
Deed Of Trust
related
$1,850,205 · Live Oak Bkg
Dec 19, 2014
—
Willamette Ventures LLC
—
Grant Deed
related
$1,087,000 · Commerce Bk/or
Dec 1, 2008
$2,050,000
Willamette Ventures LLC
Walker,gene F & Jean C
Warranty Deed
$2,050,000 · Commerce Bk NA
Mar 30, 2006
—
Gene F Walker
Walkers Cycle
Quit Claim Deed
related
—
—
—
Willamette Ventures LLC
—
Loan Modification
related
—
—
—
Willamette Ventures LLC
—
Loan Modification
related
—
—
—
Willamette Ventures LLC
—
Deed Of Trust
related
$2,050,000 · Commerce Bank NA
—
—
Silver Vly R & E Ptrs LLC
—
Deed Of Trust
related
$2,643,150 · Live Oak Bkng Co
—
—
Silver Vly R & E Ptrs LLC
—
Deed Of Trust
related
$1,822,000 · Evergreen Busn Cap
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.
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