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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Retail space
5014 Riv N Rd Keizer, OR 97303-5325
Entity Owned
7-yr Hold
Free & Clear
Property ID
US71-0464077
Property summary
AI-generated overview
This exceptional commercial property, Vilberie Center, offers two available retail or office suites ranging from 725 to 1,662 contiguous square feet within a larger 26,137 square foot building. Located at 5014 River Rd N, Keizer, OR 97303, this single-story, Class B building boasts a convenient location near the bustling intersection of Chemawa Road and River Road N. The property is zoned MU (Mixed Use), providing flexibility for a variety of businesses. Currently, 2,437 square feet are vacant, offering immediate occupancy opportunities. The building was constructed in 1961 and features multiple tenants, including established anchors like Dollar Tree and La Hacienda Real. The strong tenant mix also includes Cascade Farm and Outdoor, Jersey Mike's, Starbucks, Safeway, Walgreens, and other national, regional, and local businesses. This strategic location provides excellent visibility and accessibility, making it an ideal space for businesses seeking a thriving commercial environment in Keizer, Oregon. The minimum divisible space is 725 square feet.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Total area
26,137 SF
Lot
2.09 ac (91,040 SF)
Zoning code
MU
APN
073W02BA08300
UPID
US71-0464077
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
$3.45M
Blend (final)
Blend
$3.45M
Owner & transaction history
Vilberie Center LLC · 7 yrs held
Vilberie Center LLC
since 2019
6 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
Commercial (general)
$5.2M
+1.2%
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
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
RETAIL STORES
$5,155,000
Current use
COMMERCIAL (GENERAL)
$5,215,000
Change: +1% · Conversion: Easy
WAREHOUSE, STORAGE
$5,025,000
Change: -3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,690,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±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
$132 / 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
$27,390
Tax year 2023
Assessed value
$1,651,290
Assessed 2023
Previous assessed
$1,603,200
+3.0% YoY
Effective rate
1.66%
On assessed value
Land market value
$1,456,640
Improvement market value
$1,117,530
Total market value
$2,574,170
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
1961
Heating
NONE
Stories
1
Total area
26,137 SF
Lot
2.09 ac (91,040 SF)
Zoning code
MU
APN
073W02BA08300
UPID
US71-0464077
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
$5.2M
COMMERCIAL (GENERAL)
Est. value
$5.2M
WAREHOUSE, STORAGE
Est. value
$5.0M
INDUSTRIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (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
1961
Heating
NONE
Stories
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
Vilberie Center LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 1375, CORVALLIS, OR 97339-1375
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2019
—
Vilberie Center LLC
Rosewood Park LLC
Grant Deed
related
—
May 1, 2006
$4,300,000
Rosewood Park LLC
Wittenberg Plaza LLC
Trustees Deed
$2,600,000 · West Coast Bank
Apr 28, 2006
$4,300,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
$2,600,000 · West Coast Bank
Jan 5, 2004
—
Wittenberg Plaza LLC
Team Management Co LLC
Grant Deed
related
—
Sep 4, 1997
—
Team Management Co Ltd
—
Deed Of Trust
related
$3,500,000 · Key Bank NA
—
—
Rosewood Park LLC
—
Deed Of Trust
related
$2,645,000 · Willamette Vly Bk
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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