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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Investment properties
379 State St Salem, OR 97301-3533
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0569909
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1860
Total area
6,080 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CB
APN
073W27AB06400
UPID
US71-0569909
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
-
Gatsby Department Store
-
Ma Valise (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$904k
Blend (final)
Blend
$795k
Owner & transaction history
Havana Salon · 1 yrs held
Havana Salon
since 2025
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
CB · 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
Method
Estimation
Statistic approach
$655,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$950,000
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $650k (Jan 30 2025)
Last sale anchor
$650k
Jan 30 2025
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
$131 / 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
$4,774
Tax year 2023
Assessed value
$243,230
Assessed 2023
Previous assessed
$236,150
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$79,200
Improvement market value
$334,830
Total market value
$414,030
Applied tax rate
24,970.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1860
Heating
NONE
Stories
1
Total area
6,080 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CB
APN
073W27AB06400
UPID
US71-0569909
Jurisdiction
MARION
Zoning & alternative use
CB · Salem, OR
Zoning CB · permitted uses
CB · 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
1860
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Havana Salon
Individual
Mailing address
3315 ELDERBERRY DR S, SALEM, OR 97302-4074
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2025
—
Havana Salon
Og Fam LLC
Deed
—
Jan 30, 2025
$650,000
Og Fam LLC
Janet I Ogdahl
Warranty Deed
$325,000 · Bank Of The Pacific
Sep 14, 2022
—
Janet I Ogdahl
—
Deed
related
$70,000 · First Interstate Bank
Jun 3, 2019
—
Ogdahl Family Living Trust
—
Deed
related
$250,000 · First Interstate Bk
May 13, 2015
—
Ogdahl Family Living Trust
Ogdahl W Wallace & Janet I
Quit Claim Deed
related
—
Sep 27, 2007
$300,000
William W Ogdahl
Zawel Trust
Warranty Deed
—
Sep 27, 2007
—
William W Ogdahl
Ogdahl,janet I
Quit Claim Deed
related
$390,000 · Bank Of The Cascades
Mar 30, 1987
$54,000
Pioneer Trust Bank Trustee
Unknown
Grant Deed
related
—
—
—
Ogdahl Family Living Trust
—
Deed Of Trust
related
$250,000 · First Interstate Bk
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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