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Financial
Distress signals
Property profile

3695 Devonshire NE Ave Salem, OR 97305

OFF-MARKET
Grocery and convenience stores
Property ID
US71-0818532
55,150 SF 5.32 ac lot Built 1992
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a grocery retail asset in Salem, Oregon, consisting of a 55,150-square-foot building constructed in 1992 on an approximately 5.35-acre parcel. The site provides more than 340 dedicated parking stalls and is positioned with visibility from Fisher Road NE, which intersects Lancaster Drive; Lancaster Drive is a high-traffic corridor carrying more than 24,600 vehicles per day. The property is located within a larger, mature retail node totaling more than one million square feet and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$107k
Tax billed · 2023
Assessed value$5.60M
Effective rate1.92%

Value estimate

· Oct 2026
$11.14M
$10.02M – $12.25M
Submarket $/SF estimate$12.40M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$246/SF
Submarket average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$179 – $351

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CR
The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through th...
General categoryCOMMERCIAL
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency51.2
Law Firm30.6
Building Supply26.7

Location

3695 Devonshire NE Ave Salem, OR 97305-1385
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4861 Lancaster NE, Salem, OR 97305-1793 $900,000 Aug 2024 6,732 SF
3788 Silverton NE, Salem, OR 97305-1406 $2,150,000 Sep 2023 7,956 SF
6492 Portland NE, Salem, OR 97305-2433 $2,500,000 Jul 2022 8,242 SF
4723 Portland NE, Salem, OR 97305-1761 $2,000,000 Mar 2022 12,736 SF
2118 Lancaster NE, Salem, OR 97305-1777 $41,000 Feb 2020 22,351 SF
3525 Silverton NE, Salem, OR 97305-1469 $300,000 Aug 2019 6,815 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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