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Property profile & analytics
OFF-MARKET
Estimated value
$5,950,000
Assisted living facilities
4452 Lancaster NE Dr Salem, OR 97305-1551
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0549627
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1999
Total area
51,225 SF
Lot
1.72 ac (74,923 SF)
Zoning code
RM
APN
072W06CD05700
UPID
US71-0549627
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
-
Cedar Village Assisted Living & Memory Care Nursing Home Retirement Community
-
Jet Set Corvette Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.95M
Owner & transaction history
Welltower Landlord Group LLC · 5 yrs held
Welltower Landlord Group LLC
since 2020
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
RM · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$116 / 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
$81,732
Tax year 2023
Assessed value
$5,428,560
Assessed 2023
Previous assessed
$5,270,450
+3.0% YoY
Effective rate
1.51%
On assessed value
Land market value
$337,150
Improvement market value
$5,568,790
Total market value
$5,905,940
Applied tax rate
24,620.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1999
Heating
NONE
Stories
2
Total area
51,225 SF
Lot
1.72 ac (74,923 SF)
Zoning code
RM
APN
072W06CD05700
UPID
US71-0549627
Jurisdiction
MARION
Zoning & alternative use
RM · Salem, OR
Zoning RM · permitted uses
RM · 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
1999
Heating
NONE
Stories
2
Lot
1.72 ac
Current owner
From public records · entity-resolved
Welltower Landlord Group LLC
Entity
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2020
$5,949,000
Welltower Landlord Group LLC
Arhc Cvsalor01 LLC
Grant Deed
—
May 6, 2013
—
Arhc Cvsalor01 LLC
East Salem Assisted Living L
Grant Deed
related
—
Apr 30, 2012
—
East Salem Assisted Living LLC
—
Deed Of Trust
related
$5,915,000 · Bank Of The West
Dec 30, 2004
$2,710,756
Jon M Harder
East Salem Assisted Living LLC
Grant Deed
—
Feb 13, 1998
$276,500
East Salem Assisted Living LLC
Gatti & Gatti Jv
Grant Deed
—
Oct 1, 1980
$155,000
Erb,l W Tr
Unknown
Grant Deed
—
—
—
Salem Assisted Living East
—
Deed Of Trust
related
$5,000,000 · Red Mortgage Capital INC
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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