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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Blk Bever NE Dr Keizer, OR 97303

    • Commercial land
    • 9,905 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $940,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0246417
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 500 Blk Bever NE Dr

    Year built
    1970
    Lot size
    0.18 lot acres
    Property size
    9,905 SF
    Zone code
    MU
    Property type
    Commercial land
    APN
    073W11BC01000
    APU
    073W11BC01000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,040,000
      Market price range: $1.04M - $4.45M
      AI Estimate
      $840,000
      Market price range: $840k - $6.88M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Keizer
    County
    Marion
    State
    Oregon
    Longitude
    -123.026
    Latitude
    44.9795
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,252
    $0.00
    $0.00
    $75,510
    -
    $106,690
    $0.00
    $106,690

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      2360 Chemawa NE Rd

      VACANT COMMERCIAL LAND • 0.16 Acres
      2360 Chemawa NE Rd, Keizer, OR 97303-2069
      View Details
    • Value Estimation by Request
      2.63 Acres

      Keizer, OR 97303

      VACANT COMMERCIAL LAND • 2.63 Acres
      Keizer, OR 97303
      View Details
    • Value Estimation by Request
      0.24 Acres

      688 Plymouth NE Dr

      VACANT COMMERCIAL LAND • 0.24 Acres
      688 Plymouth NE Dr, Keizer, OR 97303-4930
      View Details
    • Value Estimation by Request
      0.25 Acres

      2290 Chemawa NE Rd

      VACANT COMMERCIAL LAND • 0.25 Acres
      2290 Chemawa NE Rd, Keizer, OR 97303-2048
      View Details
    • Value Estimation by Request
      0.01 Acres

      Keizer, OR 97303

      VACANT COMMERCIAL LAND • 0.01 Acres
      Keizer, OR 97303
      View Details
    • Value Estimation
      $605,000
      1.60 Acres

      5545 Rdg NE Dr

      VACANT COMMERCIAL LAND • 1,152 SF
      5545 Rdg NE Dr, Keizer, OR 97303-2140
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Keizer Station Development Ready Land

      1.8 acres, utilities in place, high-visibility location near I-5.
      5860 Mcleod Ln NE, Keizer, OR 97303
      View Details
    • $599,900

      Redevelopment Opportunity on River Road

      Commercial land for retail or office redevelopment with high traffic counts.
      3297 River Rd N, Salem, OR 97303
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    • $1,095,000

      Residential Land Development Opportunity

      Land development opportunity with multiple lots for residential construction.
      6255 Mcleod Ln NE, Keizer, OR 97303
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    • $978,566
      7.60 Acres

      Residential Land Near New Costco

      7.6 acres of residential land near new Costco.
      Strong Rd, Salem, OR 97303
      View Details
    • $975,000
      0.24 Acres

      Keizer, OR NNN Investment

      NNN leased investment property with a strong tenant and income.
      4560 River Rd, Keizer, OR 97303
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    • $925,000
      4,097 SF

      Fully Leased Industrial Investment Property

      4,097 SF industrial property, 100% leased, strong returns.
      3643 Candlewood Ct NE, Keizer, OR 97303
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    Similar Nearby for Lease

    • $18 SF/Yr
      28,645 SF

      Chelsica Plaza: Salem Retail Space

      Prime Salem Retail, 1,357 SF Available
      2927 Broadway St, Salem, OR 97303
      View Details
    • $20 SF/Yr
      30,300 SF

      Keizer Retail Center - River Road

      High-traffic retail spaces available.
      4472 River Rd, Keizer, OR 97303
      View Details
    • $12 SF/Yr
      18,665 SF

      Keizer Warehouse: River Road Gem

      18,665 SF Warehouse, 1.1 Acres
      3820 River Rd, Keizer, OR 97303
      View Details
    • $2,250 /Mo
      48,082 SF

      Two-Story Office Building For Lease

      Two-story office building with high visibility and easy access.
      2850-2860 Broadway St NE, Salem, OR 97303
      View Details
    • Contact for pricing
      1,860 SF

      Keizer Retail Shopping Center Space

      Modern retail space in a high-traffic Keizer shopping center.
      5458 River Rd N, Keizer, OR 97303
      View Details
    • Contact for pricing
      630 SF

      Retail Space in Keizer

      Retail and restaurant spaces available in a power center.
      6371 Ulali Dr NE, Keizer, OR 97303
      View Details
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    500 Blk Bever NE Dr
    Keizer, OR 97303
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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