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Property profile & analytics
OFF-MARKET
Estimated value
$2,715,000
Showrooms
4723 Portland NE Rd, Salem, OR 97305-1761
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0460494
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1974
Total area
12,736 SF
Lot
1.39 ac (60,548 SF)
Zoning code
CR
APN
072W06CB04200
UPID
US71-0460494
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
-
Overhead Door Company of Salem Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.14M
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$2.72M
Owner & transaction history
Garage Door Pros Of Salem LLC · 4 yrs held
Garage Door Pros Of Salem LLC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
CR · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.3M
+28.9%
Office building
$3.5M
+5.9%
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
$3,350,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,320,000
6.5%
$2,140,000
7%
$1,985,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,340,000
Current use
MEDICAL BUILDING
$4,305,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$3,535,000
Change: +6% · Conversion: Easy
RETAIL STORES
$3,135,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$2.72M
Range $2.44M – $2.99M · ±10% · vs last sale $2.00M (Mar 23 2022)
Last sale anchor
$2.00M
Mar 23 2022
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
$213 / 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
$16,653
Tax year 2023
Assessed value
$1,095,560
Assessed 2023
Previous assessed
$1,063,660
+3.0% YoY
Effective rate
1.52%
On assessed value
Land market value
$499,520
Improvement market value
$1,448,120
Total market value
$1,947,640
Applied tax rate
24,423.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1974
Heating
NONE
Stories
1
Total area
12,736 SF
Lot
1.39 ac (60,548 SF)
Zoning code
CR
APN
072W06CB04200
UPID
US71-0460494
Jurisdiction
MARION
Zoning & alternative use
CR · Salem, OR
Zoning CR · permitted uses
CR · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1974
Heating
NONE
Stories
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Garage Door Pros Of Salem LLC
Entity
Mailing address
4723 PORTLAND RD NE, SALEM, OR 97305-1761
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2022
$2,000,000
Garage Door Pros Of Salem LLC
4723 Portland Road LLC
Warranty Deed
$1,600,000 · Bank Of The Pacific
Sep 29, 2016
$535,000
4723 Portland Road LLC
Smith Penelope J Trust
Grant Deed
—
Sep 19, 2016
$535,000
4723 Portland Road LLC
Smith Penelope J Trust
Warranty Deed
$513,000 · Bank Of The Pacific
Sep 19, 2016
—
4723 Portland Road LLC
—
Deed
related
—
Sep 14, 2015
—
Smith,penelope J Living Trust
Smith,penelope J
Quit Claim Deed
related
—
Aug 14, 2015
—
Sandy R Beem
Beem,sandy R & Penelope J
Quit Claim Deed
related
$725,000 · Bank Of The Pacific
May 24, 1995
$550,000
Butler G M
Wittenberg,paul L & Judy A
Grant Deed
—
Nov 8, 1990
$365,000
Paul L Wittenberg
Unknown
Grant Deed
—
—
—
4723 Portland Road LLC
—
Loan Modification
related
—
—
—
Sandy R Beem
—
Deed Of Trust
related
$620,000 · Wells Fargo Bank
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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