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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Retail properties & Spaces
3608 Cherry NE Ave, Keizer, OR 97303-4928
Entity Owned
4-yr Hold
Free & Clear
Property ID
US71-0700763
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1957
Total area
2,162 SF
Lot
0.49 ac (21,344 SF)
Zoning code
IBP
APN
073W11BD02300
UPID
US71-0700763
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$515k
Blend (final)
Blend
$520k
Owner & transaction history
Pab04 LLC · 4 yrs held
Pab04 LLC
since 2022
Last sale
$525,000
5 recorded transactions
Zoning & alternative use
IBP · Keizer, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$770,000
+123.0%
Medical building
$730,000
+111.1%
Office building
$600,000
+73.4%
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 Keizer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keizer 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$345,000
Current use
AUTO REPAIR, GARAGE
$770,000
Change: +123% · Conversion: Difficult
MEDICAL BUILDING
$730,000
Change: +111% · Conversion: Difficult
OFFICE BUILDING
$600,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$535,000
Change: +54% · Conversion: Difficult
WAREHOUSE, STORAGE
$420,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $525k (Apr 14 2022)
Last sale anchor
$525k
Apr 14 2022
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
$241 / 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
$3,365
Tax year 2023
Assessed value
$202,880
Assessed 2023
Previous assessed
$185,990
+9.1% YoY
Effective rate
1.66%
On assessed value
Land market value
$137,870
Improvement market value
$433,010
Total market value
$570,880
Applied tax rate
24,200.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1957
Heating
NONE
Buildings
2
Stories
1
Total area
2,162 SF
Lot
0.49 ac (21,344 SF)
Zoning code
IBP
APN
073W11BD02300
UPID
US71-0700763
Jurisdiction
MARION
Zoning & alternative use
IBP · Keizer, OR
Zoning IBP · permitted uses
IBP · Keizer, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Keizer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$345,000
AUTO REPAIR, GARAGE
Est. value
$770,000
MEDICAL BUILDING
Est. value
$730,000
OFFICE BUILDING
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$565,000
RETAIL STORES
Est. value
$535,000
WAREHOUSE, STORAGE
Est. value
$420,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1957
Heating
NONE
Stories
1
Buildings
2
Lot
0.49 ac
Current owner
From public records · entity-resolved
Pab04 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 61889, VANCOUVER, WA 98666-1889
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2022
$525,000
Pab04 LLC
Dean Donaldson
Warranty Deed
—
Apr 2, 2008
$220,000
Dean Donaldson
Berkey,ralph G & Patricia M
Grant Deed
$209,000 · Ralph G & Patricia A Berkey
Jan 14, 2004
$104,700
Ralph G Berkey
Zink,donald F & June I
Grant Deed
—
Nov 24, 1998
$21,750
Keizer City (or)
Zink,donald F & June I
Grant Deed
—
Jun 27, 1997
$107,700
Ralph G Berkey
Zink,donald F & June I
Grant Deed
—
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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