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Property profile & analytics
OFF-MARKET
Estimated value
$11,075,000
Showrooms
4740 Rdg NE Dr, Salem, OR 97301-6995
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-0911860
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2000
Total area
50,310 SF
Lot
4.3 ac (187,308 SF)
Zoning code
IG
APN
073W01B 03800
UPID
US71-0911860
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
-
American Tower Corporation Telecommunications Service
-
Power Rents (Salem, OR) (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.07M
Blend (final)
Blend
$11.08M
Owner & transaction history
M3 Capital LLC · 8 yrs held
M3 Capital LLC
since 2018
5 recorded transactions
Zoning & alternative use
IG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$18.0M
+26.2%
Medical building
$17.0M
+19.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$14,235,000
Current use
AUTO REPAIR, GARAGE
$17,960,000
Change: +26% · Conversion: Difficult
MEDICAL BUILDING
$17,005,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$12,950,000
Change: -9% · Conversion: Easy
RETAIL STORES
$12,395,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$11.08M
Range $9.97M – $12.18M · ±10%
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
$220 / 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
$58,502
Tax year 2023
Assessed value
$2,980,690
Assessed 2023
Previous assessed
$2,893,880
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$590,290
Improvement market value
$3,202,040
Total market value
$3,792,330
Applied tax rate
24,010.0000
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
2000
Heating
NONE
Buildings
2
Stories
1
Total area
50,310 SF
Lot
4.3 ac (187,308 SF)
Zoning code
IG
APN
073W01B 03800
UPID
US71-0911860
Jurisdiction
MARION
Zoning & alternative use
IG · Salem, OR
Zoning IG · permitted uses
IG · 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
$14.2M
AUTO REPAIR, GARAGE
Est. value
$18.0M
MEDICAL BUILDING
Est. value
$17.0M
OFFICE BUILDING
Est. value
$13.0M
RETAIL STORES
Est. value
$12.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
2000
Heating
NONE
Stories
1
Buildings
2
Lot
4.3 ac
Current owner
From public records · entity-resolved
M3 Capital LLC
Entity
Mailing address
PO BOX 87908, VANCOUVER, WA 98687-7908
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2018
$3,300,000
M3 Capital LLC
Salem Properties LLC
Warranty Deed
related
$2,548,000 · Riverview Cmnty Bk
May 11, 2005
$2,200,000
Salem Properties LLC
Carpenter Investment Props LLC
Warranty Deed
$1,255,000 · Wells Fargo Bk
Mar 12, 1996
$950,000
Microwave Tower Service INC
Snyder Trust
Grant Deed
$800,000 · Western Bank
Dec 31, 1986
$524,000
Alexander Magic Art Supplies W
Unknown
Grant Deed
related
—
—
—
Brim Salem Properties LLC
—
Loan Modification
related
—
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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