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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Medical Office Space
4747 Riv N Rd Keizer, OR 97303-4535
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0828402
Property summary
AI-generated overview
This exceptional 2,640 square foot single-story brick office building boasts a highly desirable location on River Road in Keizer, Oregon. The property offers 124 feet of prime road frontage, ensuring excellent visibility and accessibility. Currently configured as a successful chiropractic clinic, the building features a spacious reception/waiting area, two restrooms, two private offices, and eight exam rooms. Ample storage space is available for records and equipment. The 0.48-acre lot provides extensive parking with 30 designated spaces, exceeding a 11/1000 parking ratio. The property presents a significant opportunity for expansion
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1969
Total area
2,640 SF
Lot
0.48 ac (20,909 SF)
Zoning code
MU
APN
073W02BC05600
UPID
US71-0828402
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.06M
Owner & transaction history
Northwest Lands LLC · 1 yrs held
Northwest Lands LLC
since 2025
2 recorded transactions
Zoning & alternative use
MU · Keizer, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to promote development that combines differing uses (permitted or special permitted) in a single building or complex.
Zone name
Mixed Use
General category
MIXED_USE
Zone area
304.82 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$945,000
+11.1%
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 Keizer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keizer 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
MEDICAL BUILDING
$850,000
Current use
AUTO REPAIR, GARAGE
$945,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$720,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±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
$402 / 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
$8,142
Tax year 2023
Assessed value
$490,850
Assessed 2023
Previous assessed
$476,560
+3.0% YoY
Effective rate
1.66%
On assessed value
Land market value
$335,300
Improvement market value
$250,830
Total market value
$586,130
Applied tax rate
24,200.0000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1969
Heating
NONE
Stories
1
Total area
2,640 SF
Lot
0.48 ac (20,909 SF)
Zoning code
MU
APN
073W02BC05600
UPID
US71-0828402
Jurisdiction
MARION
Zoning & alternative use
MU · Keizer, ORZoning MU · permitted uses
MU · Keizer, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to promote development that combines differing uses (permitted or special permitted) in a single building or complex.
Zone name
Mixed Use
General category
MIXED_USE
Zone area
304.82 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$945,000
OFFICE BUILDING
Est. value
$720,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1969
Heating
NONE
Stories
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Northwest Lands LLC
Entity
Mailing address
11122 STATE ST, SALEM, OR 97317-8803
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2025
$750,000
Northwest Lands LLC
Herbert S Freeman
Warranty Deed
$450,000 · Us Bank NA
Apr 25, 2013
—
Freeman,herbert S & Bernice Trust
Freeman,herbert S & Bernice
Quit Claim Deed
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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