Entity Owned Property summary
AI-generated overview
Located at 5680 Commercial St SE, Salem, Oregon, the 4.39-acre site comprises a multi-tenant retail strip center and a converted bank building. The retail center is situated along Commercial St SE and Fabry Rd SE and includes a shadow-anchored configuration with a Safeway and fuel station, with Walmart located to the north. The former bank building is configured for healthcare use and has been occupied by an eye clinic under a lease structure with an approximately 10-year term. The property also includes a 28,000-square-foot pad site positioned in line with the South Salem Safeway, with utilities and required permits completed for that development area and planned parking at a ratio of 5 spaces per 1,000 square feet. The immediate area includes employment and institutional uses such as Salem Health, the State of Oregon, Willamette University, Norpac Foods, Truitt Bros, Inc, and Portland General Electric.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
8,014 SF
Lot
4.39 ac (191,228 SF)
Zoning code
CR; RS
APN
083W14CA01602
UPID
US71-0571766
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
-
Insurance Agency
-
Law Firm
-
(Bike/Boat/Book/etc) Store Pharmacy
-
Building Supply
-
Barber Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$2.72M
Owner & transaction history
since 2004
3 recorded transactions
Zoning & alternative use
CR; RS · Salem, OR
Top alternative use upside
Restaurant
$3.5M
+79.0%
Auto repair, garage
$2.9M
+44.9%
Medical building
$2.7M
+37.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.72M
Value range
$2.44M – $2.99M
±10% around blend
Estimated value / SF
$339 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$2.44M
blend $2.72M
$2.99M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,014 SF
Lot area
4.39 ac
Year built
2004
Stories
1
APN
083W14CA01602
Zoning
CR; RS
Assessed value
$3,376,610
Annual tax
$64,675
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.82M
Range $1.43M – $2.82M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.72M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 21 sales
$246
+38%
County 29 sales
$197
+72%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $339/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+79%
vs current-use indication
Auto Repair, Garage
Medical Building
Office Building
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.38M
Move the market yield to see immediate price impact.
Value / SF
$421
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$213k
$4.25M
$3.04M
$2.36M
$236k
$4.73M
$3.38M
$2.63M
$260k
$5.20M
$3.71M
$2.89M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$64,675
Tax year 2023
Assessed value
$3,376,610
Assessed 2023
Previous assessed
$3,461,160
-2.4% YoY
Effective rate
1.92%
On assessed value
Land market value
$1,792,200
Improvement market value
$1,584,410
Total market value
$3,376,610
Applied tax rate
24,010.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
2
Stories
1
Total area
8,014 SF
Lot
4.39 ac (191,228 SF)
Zoning code
CR; RS
APN
083W14CA01602
UPID
US71-0571766
Jurisdiction
MARION
Zoning & alternative use
CR; RS · Salem, ORZoning CR; RS · permitted uses
CR; RS · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
1
Buildings
2
Lot
4.39 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CR; RS
Jurisdiction
Salem, OR
Recorded code
CR; RS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CR; RS in Salem, OR.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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