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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Medical Office Space
436 Lancaster NE Dr, Salem, OR 97301-4728
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0476198
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2002
Total area
3,279 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CO
APN
072W30BD08201
UPID
US71-0476198
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
-
Sunrise Emergency Dentist Of Salem Dental Office
-
Sunrise Dental Dental Office
-
Lee John DDS Dental Office
-
Lancaster Dental Implant Center of Salem Dental Office
-
Teamster 670 Dental Clinic Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.45M
Owner & transaction history
Jhc Property LLC · 1 yrs held
Jhc Property LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
CO · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+5.6%
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
$1,450,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,110,000
Current use
AUTO REPAIR, GARAGE
$1,170,000
Change: +6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$930,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Dec 27 2024)
Last sale anchor
$1.45M
Dec 27 2024
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
$442 / 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
$8,447
Tax year 2023
Assessed value
$548,060
Assessed 2023
Previous assessed
$532,100
+3.0% YoY
Effective rate
1.54%
On assessed value
Land market value
$190,540
Improvement market value
$633,690
Total market value
$824,230
Applied tax rate
24,622.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2002
Heating
NONE
Stories
1
Total area
3,279 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CO
APN
072W30BD08201
UPID
US71-0476198
Jurisdiction
MARION
Zoning & alternative use
CO · Salem, OR
Zoning CO · permitted uses
CO · 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
MEDICAL BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$930,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2002
Heating
NONE
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Jhc Property LLC
Entity
Mailing address
14425 SW ALLEN BLVD, BEAVERTON, OR 97005-4402
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
$1,450,000
Jhc Property LLC
Hans & Eugene LLC
Warranty Deed
$852,000 · Umpqua Bank
May 24, 2018
—
Hans & Eugene LLC
—
Deed
related
$2,316,000 · First Citizens Bk
Dec 19, 2017
—
Hans & Eugene LLC
—
Deed
related
$456,000 · First Citizens Bk
Jun 8, 2016
$505,000
Hans & Eugene LLC
T & P Properties LLC
Warranty Deed
$429,250 · First Citizens Bk
Feb 5, 2015
—
T & P Properties LLC
Bell Thomas M & Paula D
Quit Claim Deed
related
—
May 1, 2014
—
Thomas M Bell
Bell,thomas M & Paula
Quit Claim Deed
related
—
Jan 15, 2002
—
Thomas M Bell
—
Trustees Deed
related
$380,000 · Valley Business Bank
Apr 23, 1991
$135,000
William A Moreno
Unknown
Grant Deed
—
—
—
Bell,thomas M & Paula D
—
Deed Of Trust
related
$465,000 · Columbia St Bk
—
—
Thomas M Bell
—
Deed Of Trust
related
$942,800 · Us Bank NA
—
—
Hans & Eugene LLC
—
Deed Of Trust
related
$456,000 · First Citizens Bk
—
—
Hans & Eugene LLC
—
Deed Of Trust
related
$894,000 · First Citizens Bk
—
—
Hans & Eugene LLC
—
Deed Of Trust
related
$2,316,000 · First Citizens 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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