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    Property profile & analytics

    553 12th SE St Salem, OR 97301

    • Bars
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US71-0505485
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bars

    Property Details for 553 12th SE St

    Lot size
    0.35 lot acres
    Zone code
    CG
    Property type
    Bars
    APN
    073W26CB03100
    APU
    073W26CB03100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.03
    Latitude
    44.9324
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,643
    $0.00
    $0.00
    $338,440
    -
    $317,580
    $47,150
    $364,730

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      2280 Frnt NE St

      BAR, TAVERN • 0.16 Acres
      2280 Frnt NE St, Salem, OR 97301
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    • Value Estimation by Request
      5,738 SF

      3960 Ctr NE St

      BAR, TAVERN • 5,738 SF
      3960 Ctr NE St, Salem, OR 97301-2948
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    • Value Estimation by Request
      3,300 SF

      1190 Broadway NE St

      BAR, TAVERN • 3,300 SF
      1190 Broadway NE St, Salem, OR 97301-1141
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    • Value Estimation by Request
      0.38 Acres

      Salem, OR 97301

      NIGHTCLUB (COCKTAIL LOUNGE) • 0.38 Acres
      Salem, OR 97301
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    • Value Estimation by Request
      0.30 Acres

      3190 Portland NE Rd

      NIGHTCLUB (COCKTAIL LOUNGE) • 0.30 Acres
      3190 Portland NE Rd, Salem, OR 97301-0130
      View Details
    • Value Estimation by Request
      2,600 SF

      2195 Silverton NE Rd

      BAR, TAVERN • 2,600 SF
      2195 Silverton NE Rd, Salem, OR 97301
      View Details

    Similar Nearby for Sale

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      Historic 5,880 SF property, renovated in 2023, ideal for ventures.
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      38,450 SF historic building with office, retail, and event spaces.
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    Similar Nearby for Lease

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      1,602 SF

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      Hip industrial spaces, flexible lease terms.
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    • $13 SF/Yr
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      5,000 SF Standalone Retail Building
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    • $1.50 SF/Yr
      496 SF

      Corner Retail Space in Salem

      Retail space available at the corner of Liberty and Chemeketa.
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    • $1,450 /Mo
      1,358 SF

      Downtown Salem Retail/Office Space

      Modern retail/office space in downtown Salem, across from Riverfront Park.
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    • $19 SF/Yr
      1,583 SF

      Retail Space Available For Lease

      Retail space available for lease, approximately 1583 square feet.
      3760 Market St NE, Salem, OR 97301
      View Details
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    553 12th SE St
    Salem, OR 97301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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