Property profile

3855 Market NE St Salem, OR 97301

OFF-MARKET
Drive through restaurants
Property ID
US71-0730853
1,344 SF 0.28 ac lot Built 1974
Trust Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1974
Total area 1,344 SF
Lot 0.28 ac (12,197 SF)
Zoning code CR
APN 072W19BC00800
UPID US71-0730853

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
  • Restaurant

Location

3855 Market NE St Salem, OR 97301-1831
Salem metro Census 1701 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
$785k
Blend (final) Blend
$570k

Owner & transaction history

since 2016
7 recorded transactions
2020
Price N/A
2018
Price N/A
2016
Price N/A
2015
Price N/A
2002
$80,000
2002
Price N/A
1986
Price N/A

Zoning & alternative use

CR · Salem, OR
Zoning description

The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. Th…

General category COMMERCIAL

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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