Financial
Distress signals
Property profile

525 Glen Creek Rd Salem, OR 97304

FOR SALE
Office buildings
Property ID
US71-0444823
14,870 SF 0.78 ac lot Built 1982
Last sale Apr 2020 · $1,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a multi-tenant office building located on Glen Creek Road, with zoning designated MU-III (Mixed Use). Elevator service is available, and the building includes a lobby with common area seating, two ADA-compliant restrooms, and two on-site parking lots. Suite 120 is located on the ground floor and comprises approximately 890 square feet, arranged with an open reception area and four private offices; one office includes plumbing hookups.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value$1.50M
Assessed land$380k
Assessed improvement$1.12M
Effective rate1.88%

Value estimate

· Sep 2026
$1.98M
$1.78M – $2.17M
AI approach$2.05M
Sales comparison$1.74M
NOI build-up
Gross scheduled income$321k
Vacancy & credit loss−$48k
Operating expenses−$68k
NOI · 9.14% cap applied$205k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$278/SF
Submarket average, outlier-cleaned · 133 recorded sales of this use type
Observed band · Q1–Q3$183 – $378

Cap rate analysis

How does the asset earn?
9.14%
$205k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CR
The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through th...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service9.7
HVAC Service9.6
Tailor Shop9.6

Location

525 Glen Creek Rd Salem, OR 97304
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1055 Edgewater NW, Salem, OR 97304-4046 $200,000 May 2025 3,864 SF
1032 3rd NW, Salem, OR 97304-4008 $55,000 Jan 2025 3,520 SF
265 Patterson NW, Salem, OR 97304 $22,600 Mar 2023 1,556 SF
365 Moyer NW, Salem, OR 97304-3838 $400,000 Feb 2023 1,344 SF
125 50th NW, Salem, OR 97304-3219 $1,355,000 Apr 2022 1,388 SF
675 Orch Hts Rd Nw, Salem, OR 97304-3240 $1,900,000 Nov 2019 18,544 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message