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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Retail properties & Spaces
4790 Brooklake NE Rd, Salem, OR 97305-9251
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US71-0641208
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1945
Total area
4,900 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CC
APN
062W17CA00800
UPID
US71-0641208
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
-
Reid's Tire & Automotive Auto Repair Shop
-
LifeSafer Ignition Interlock Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$693k
Blend (final)
Blend
$675k
Owner & transaction history
Aff Properties LLC · 22 yrs held
Aff Properties LLC
since 2004
7 recorded transactions
Zoning & alternative use
CC · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$955,000
+21.5%
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$785,000
Current use
WAREHOUSE, STORAGE
$955,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$138 / 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
$3,029
Tax year 2023
Assessed value
$263,110
Assessed 2023
Previous assessed
$255,450
+3.0% YoY
Effective rate
1.15%
On assessed value
Land market value
$107,930
Improvement market value
$433,420
Total market value
$541,350
Applied tax rate
2,410.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1945
Heating
NONE
Stories
2
Total area
4,900 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CC
APN
062W17CA00800
UPID
US71-0641208
Jurisdiction
MARION
Zoning & alternative use
CC · Salem, OR
Zoning CC · permitted uses
CC · 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$785,000
WAREHOUSE, STORAGE
Est. value
$955,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
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
1945
Heating
NONE
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Aff Properties LLC
Entity
Mailing address
PO BOX 9116, BROOKS, OR 97305-0116
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
—
Aff Properties LLC
—
Deed
related
$389,000 · Onpoint Community Cu
Feb 6, 2004
—
Aff Properties LLC
Frederickson,arthur F
Quit Claim Deed
related
—
Jan 27, 2004
—
Arthur F Frederickson
Anderson,florence E
Grant Deed
related
—
Oct 11, 2001
$44,370
Arthur F Frederickson
Frederickson,arthur F
Grant Deed
related
—
Sep 20, 1996
$50,000
Fredrickson M G
Fredrickson,lawrence I & M G
Grant Deed
related
—
—
—
Aff Properties LLC
—
Loan Modification
related
$95,000 · Wells Fargo Bk
—
—
Aff Properties LLC
—
Deed Of Trust
related
$95,000 · 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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