Technical
Financial
Distress signals
Property profile

51 16th St Independence, OR 97351

OFF-MARKET
Commercial real estate
Property ID
US71-0904356
93,103 SF 15.86 ac lot
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 93,103 SF
Lot 15.86 ac (690,862 SF)
Zoning code PS
APN 08420-C0-01700
UPID US71-0904356

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • High School

Location

51 16th St Independence, OR 97351-1000
Independence metro Census 20305 SALEM, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.21M
Blend (final) Blend
$9.43M

Owner & transaction history

Zoning & alternative use

PS · Independence, OR
Zoning description

K. Public Services (PS) L. Willamette Greenway Development District (GD) M. Agriculture Zone (AG) N. Airport Development District (ADD) O. Airport Safety & Compatibility Overlay (ASCO) 10.030 Official Zoning Map 4 A. The…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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