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Property profile & analytics
OFF-MARKET
Estimated value
$3,705,000
Investment properties
4742 Liberty S Rd Salem, OR 97302-5037
Individually Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0900905
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1960
Total area
11,480 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CR
APN
083W09DB01400
UPID
US71-0900905
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
-
Anderson Electric Electrical Service General Contractor
-
Battle Creek Greenhouses Big Box & Wholesale Store
-
South Valley Engineering Engineer
-
Rohrbaugh Paula PHD Physician Medical Clinic
-
IcarusTel Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.70M
Blend (final)
Blend
$3.71M
Owner & transaction history
Dennis K Miller · 24 yrs held
Dennis K Miller
since 2002
6 recorded transactions
Zoning & alternative use
CR · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.1M
+83.3%
Auto repair, garage
$4.1M
+48.4%
Medical building
$3.9M
+40.5%
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)
$2,760,000
Current use
RESTAURANT
$5,060,000
Change: +83% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,100,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$3,880,000
Change: +40% · Conversion: Easy
OFFICE BUILDING
$3,645,000
Change: +32% · Conversion: Easy
RETAIL STORES
$2,830,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$2,785,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$3.71M
Range $3.33M – $4.08M · ±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
$323 / 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
$18,777
Tax year 2023
Assessed value
$956,680
Assessed 2023
Previous assessed
$928,820
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$238,050
Improvement market value
$1,061,410
Total market value
$1,299,460
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
11,480 SF
Lot
0.45 ac (19,602 SF)
Zoning code
CR
APN
083W09DB01400
UPID
US71-0900905
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
$2.8M
RESTAURANT
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1960
Heating
NONE
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Dennis K Miller
Individual
Mailing address
1364 GOLDEN LN N, KEIZER, OR 97303-7604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2018
—
Dennis K Miller
—
Deed
related
$345,000 · Us Bk
Jun 12, 2002
$430,000
Dennis K Miller
Paragon Develpment INC
Grant Deed
$315,200 · Umpqua Bank
Mar 25, 1994
$80,000
Robert L Cooley
Etna J Krauger E
Grant Deed
—
Oct 5, 1992
—
Brenda Et Al Becker
Unknown
Grant Deed
related
—
—
—
Dennis K Miller
—
Deed Of Trust
related
$345,000 · Us Bk
—
—
Dennis K Miller
—
Deed Of Trust
related
$400,000 · Umpqua 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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