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Property profile & analytics
OFF-MARKET
Investment properties

466 Ct NE St 410 Salem, OR 97301-3638

1,638 SF Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US71-0430244
Property summary
AI-generated overview

This exceptional 4,520 square foot, two-story commercial property located at 466 Court St NE, Salem, OR 97301, presents a unique investment or owner-user opportunity. Built in 1900 and situated on a 0.4-acre lot, this Class B building boasts a permitted CB zoning. The property has undergone a complete renovation, including new plumbing, electrical, HVAC systems, and flooring. The main floor features two distinct restaurant spaces; one currently houses a new fine dining establishment and bar, while the other is designed for private events. A large kitchen supports two full bars and a dedicated prep kitchen. The second floor offers a sophisticated private dining area with its own intimate bar and beautifully landscaped surroundings. This versatile property is ideal for a variety of uses, offering upscale appeal and significant potential for a discerning buyer. The property is located in the heart of downtown Salem and benefits from high visibility and foot traffic. This is a rare opportunity to acquire a fully updated, high-quality commercial property in a desirable location.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1900
Total area 1,638 SF
Zoning code CB
APN 073W27AB90004
UPID US71-0430244
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
  • Palominos Restaurant & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Paradigm Business Management Group · 3 yrs held
Paradigm Business Management Group
since 2023
Last sale
$1.3M
5 recorded transactions
2023
$1.3M
2017
Price N/A
2014
$230,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CB · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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