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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Retail space
4900 Riv N Rd Keizer, OR 97303-4540
Entity Owned
~
Est. High Equity
Property ID
US71-0473596
Property summary
AI-generated overview
Keizer Plaza, located at 4900 River Rd N, Keizer, OR 97303, offers two exceptional retail spaces for lease within a 16,656 square foot building situated on a 1.25-acre lot in Marion County. This multi-tenant property presents a unique opportunity for businesses seeking high-visibility locations. Space 4918, totaling 637 square feet, features an open office layout with a private restroom, ideal for professional services or smaller retail operations. Space 4912-4914, encompassing 995 square feet, is perfectly suited for a restaurant or food-related business. This space includes a front seating area, a service counter, a three-compartment sink, two handwashing sinks, and an ADA-compliant restroom. An adjoining area, currently used for refrigeration and storage, is also available. The current lease rate is a Net, Net, Net (NNN) structure at $0.40 per square foot per month. This vibrant location provides excellent access and visibility, making it an attractive proposition for a variety of businesses. The property's convenient location in Keizer, Oregon, offers easy access to major transportation routes and a strong customer base. Don't miss this chance to secure your ideal retail space in this thriving community.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Total area
10,952 SF
Lot
1.25 ac (54,450 SF)
Zoning code
MU
APN
073W02BA08200
UPID
US71-0473596
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
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$3.50M
Owner & transaction history
2022 Triple 7 LLC
2022 Triple 7 LLC
since 2026
Last sale
$3.6M
7 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
$3.9M
+81.0%
Medical building
$3.5M
+63.0%
Restaurant
$3.3M
+54.2%
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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,160,000
Current use
AUTO REPAIR, GARAGE
$3,910,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$3,520,000
Change: +63% · Conversion: Difficult
RESTAURANT
$3,330,000
Change: +54% · Conversion: Easy
OFFICE BUILDING
$2,995,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,185,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.60M (Feb 17 2026)
Last sale anchor
$3.60M
Feb 17 2026
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
$320 / 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
$25,394
Tax year 2023
Assessed value
$1,529,680
Assessed 2023
Previous assessed
$1,485,130
+3.0% YoY
Effective rate
1.66%
On assessed value
Land market value
$958,320
Improvement market value
$1,311,890
Total market value
$2,270,210
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1964
Heating
NONE
Buildings
3
Stories
1
Total area
10,952 SF
Lot
1.25 ac (54,450 SF)
Zoning code
MU
APN
073W02BA08200
UPID
US71-0473596
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
RETAIL STORES Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.5M
RESTAURANT
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1964
Heating
NONE
Stories
1
Buildings
3
Lot
1.25 ac
Current owner
From public records · entity-resolved
2022 Triple 7 LLC
Entity
Mailing address
3245 MARKET ST NE, SALEM, OR 97301-1816
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
$3,600,000
2022 Triple 7 LLC
Amy Properties LLC
Warranty Deed
$2,500,000 · Onpoint Community Cu
Nov 27, 2024
$3,500,000
Advantage Equities 19749 LLC
Amy Properties LLC
Bargain & Sale Deed
—
Aug 14, 2015
$2,200,000
Amy Properties LLC
Crestwood Properties LLC
Warranty Deed
$1,566,000 · Columbia St Bk
Mar 13, 2009
—
Crestwood Properties LLC
—
Trustees Deed
related
—
Nov 4, 2008
—
Crestwood Properties LLC
—
Trustees Deed
related
—
Feb 7, 2008
—
Crestwood Properties LLC
—
Trustees Deed
related
—
Feb 14, 2006
$1,350,000
Crestwood Properties LLC
Cotta,frank & Florence
Grant Deed
$2,013,000 · Umpqua Bank
Jan 20, 2006
$1,400,000
Snair,thomas N & D D
Frank Cotta
Warranty Deed
$1,015,000 · Washington Mutual Bk
Feb 28, 1991
$475,000
Alex Finke
Unknown
Grant Deed
—
—
—
Crestwood Properties LLC
—
Deed Of Trust
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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