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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Drive through restaurants
545 Wallace NW Rd, Salem, OR 97304-3833
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0655068
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2011
Total area
2,004 SF
Lot
0.36 ac (15,682 SF)
Zoning code
CG
APN
07321-DA-00502
UPID
US71-0655068
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
Current use
Occupant on record · Public records
-
Hawaiian Time Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$760k
Owner & transaction history
Rushing Wallace LLC · 15 yrs held
Rushing Wallace LLC
since 2011
7 recorded transactions
Zoning & alternative use
CG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem 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
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$379 / 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
$9,956
Tax year 2023
Assessed value
$528,250
Assessed 2023
Previous assessed
$512,870
+3.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$172,100
Assessed improvement
$356,150
Land market value
$727,850
Improvement market value
$596,950
Total market value
$1,324,800
Applied tax rate
3,225.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2011
Heating
NONE
Total area
2,004 SF
Lot
0.36 ac (15,682 SF)
Zoning code
CG
APN
07321-DA-00502
UPID
US71-0655068
Jurisdiction
POLK
Zoning & alternative use
CG · Salem, OR
Zoning CG · permitted uses
CG · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
Rushing Wallace LLC
Entity
Mailing address
1252 23RD ST SE #120, SALEM, OR 97302-1363
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
—
Rushing Wallace LLC
—
Deed
related
$1,200,000 · Iq Cu
May 13, 2011
—
Rushing Wallace LLC
Barnes Wallace LLC
Grant Deed
related
—
Aug 25, 2010
$400,000
Barnes Wallace LLC
Myoby LLC
Grant Deed
$820,000 · Pacific Continental Bank
Aug 20, 2010
$400,000
Owner Name Unavailable
Myoby LLC
Warranty Deed
related
$820,000 · Pacific Continental Bank
Jun 9, 2009
$615,000
Myoby LLC
Park Center Exchange I LLC
Warranty Deed
$315,000 · First Credit Bank
Dec 15, 2008
—
Park Center Exchange 1 LLC
Camden Holdings LLC
Warranty Deed
related
—
Dec 27, 2006
$105,774
Camden Holdings LLC
Capital City Companies INC
Warranty Deed
related
—
Mar 22, 2002
—
Capital City Co INC
—
Deed Of Trust
related
$10,000,000 · Citicorp Leasing INC
Apr 1, 1988
$85,000
Capital City Companies INC
Unknown
Grant Deed
related
—
—
—
Rushing Wallace LLC
—
Deed Of Trust
related
—
—
—
Rushing Wallace LLC
—
Deed Of Trust
related
$854,000 · Pacific Continental Bank
—
—
Rushing Wallace LLC
—
Deed Of Trust
related
$854,000 · Pacific Continental Bank
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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