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Property profile & analytics
OFF-MARKET
Office buildings
5514 Commercial SE St, Salem, OR 97306-1188
Entity Owned
26-yr Hold
~
Est. High Equity
Property ID
US71-0434585
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Total area
1,144 SF
Lot
0.63 ac (27,443 SF)
Zoning code
CG
APN
083W14CA00700
UPID
US71-0434585
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
-
Dale's Remodeling Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dales Properties LLC · 26 yrs held
Dales Properties LLC
since 1999
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,279
Tax year 2023
Assessed value
$370,860
Assessed 2023
Previous assessed
$360,060
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$308,730
Improvement market value
$562,520
Total market value
$871,250
Applied tax rate
24,010.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
3
Stories
1
Total area
1,144 SF
Lot
0.63 ac (27,443 SF)
Zoning code
CG
APN
083W14CA00700
UPID
US71-0434585
Jurisdiction
MARION
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
1920
Heating
NONE
Stories
1
Buildings
3
Lot
0.63 ac
Current owner
From public records · entity-resolved
Dales Properties LLC
Entity
Mailing address
5514 COMMERCIAL ST SE, SALEM, OR 97306-1188
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2018
—
Dales Properties LLC
—
Deed
related
—
Jul 14, 2017
—
Dales Properties LLC
—
Trustees Deed
related
$1,000,000 · Pioneer Tr Bk
Jul 16, 1999
—
Dales Properties LLC
Van Lydegraf,dale L
Quit Claim Deed
related
—
Feb 29, 1972
$14,250
Steve B Mendez
Unknown
Grant Deed
—
—
—
Dales Properties LLC
—
Deed Of Trust
related
$250,000 · Key Bank & Trust
—
—
Dales Properties LLC
—
Loan Modification
related
—
—
—
Dales Properties LLC
—
Deed Of Trust
related
$250,000 · Key Bank & Trust
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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