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Property profile & analytics
OFF-MARKET
Commercial land
4768 Niles NE Ave, Salem, OR 97305-1155
Individually Owned
3-yr Hold
Free & Clear
Property ID
US71-0801569
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1952
Total area
888 SF
Lot
0.16 ac (6,970 SF)
Zoning code
IG
APN
073W01AC00800
UPID
US71-0801569
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Katherine K Conwell · 3 yrs held
Katherine K Conwell
since 2023
Last sale
$80,000
7 recorded transactions
Zoning & alternative use
IG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$575
Tax year 2023
Assessed value
$30,000
Assessed 2023
Previous assessed
$30,000
+0.0% YoY
Effective rate
1.92%
On assessed value
Land market value
$30,000
Total market value
$30,000
Applied tax rate
24,950.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1952
Heating
NONE
Stories
1
Bathrooms
1
Total area
888 SF
Lot
0.16 ac (6,970 SF)
Zoning code
IG
APN
073W01AC00800
UPID
US71-0801569
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.
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Katherine K Conwell
Individual
Free & Clear · 3 yrs held
Mailing address
5330 LARDON RD NE, SALEM, OR 97305-3243
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
—
Katherine K Conwell
Katherine K Conwell
Intrafamily Transfer
related
—
Aug 17, 2015
$80,000
Jack E Conwell
Tovar,richard & Angela
Grant Deed
—
Sep 25, 2012
$80,000
Jack E Conwell
Tovar,richard & Angela
Grant Deed
—
Jul 16, 2010
$80,000
Jack E Conwell
Tovar,richard & Angela
Grant Deed
—
Mar 16, 2007
$99,000
Richard Tovar
City Of Salem Oregon
Grant Deed
—
Feb 28, 1996
$37,500
Douglas B Hendryx
Torrey,marion A
Grant Deed
$30,000 · Washington Mutual Fsb
Jan 25, 1996
$38,522
Marian Torrey
Lefever,franklin C & Lynne
Trustees Deed
—
Jul 3, 1995
—
Marian A Torrey
Lefever,frank C
Quit Claim Deed
related
—
Jun 23, 1995
—
Marian A Torrey
Lefever,lynn
Quit Claim Deed
related
—
May 25, 1994
$39,500
Frank Lefever
Torrey,marian A
Grant Deed
$34,500 · Seller
Jan 27, 1978
$2,919
Marion Et Al Torrey
Unknown
Quit Claim Deed
related
—
—
—
Clampitt Trust
—
Deed Of Trust
related
$14,000 · Community Mortgage
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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