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    Property profile & analytics

    587 9th St Independence, OR 97351-1514

    • Retail properties
    • 2,684 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $100,000
    Last Sale
    Jun 14, 2021
    $108,145
    Location Intelligence
    Property ID
    US71-0566825
    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

    • S Boone Woodworking & Design / Woodworker

    Property Details for 587 9th St

    Year built
    1989
    Lot size
    0.23 lot acres
    Property size
    2,684 SF
    Zone code
    RM
    Property type
    Retail properties
    APN
    08428-BC-05400
    APU
    08428BC05400

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Polk
    State
    Oregon
    Longitude
    -123.196
    Latitude
    44.8486
    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
    $1,808
    $24,020
    $70,460
    $94,480
    -
    $107,280
    $119,920
    $227,200

    Comparable in this City

    • Value Estimation
      $720,000
      10,876 SF

      4680 Independence Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 10,876 SF
      4680 Independence Hwy, Independence, OR 97351-9608
      View Details
    • Value Estimation
      $470,000
      5,494 SF

      890 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,494 SF
      890 Main St, Independence, OR 97351-2506
      View Details
    • Value Estimation
      $390,000
      4,800 SF

      155 Ee St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,800 SF
      155 Ee St, Independence, OR 97351-2410
      View Details
    • Value Estimation
      $395,000
      11,360 SF

      4545 Independence Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 11,360 SF
      4545 Independence Hwy, Independence, OR 97351-9679
      View Details
    • Value Estimation by Request
      5,150 SF

      Independence, OR 97351

      Retail properties • 5,150 SF
      Independence, OR 97351
      View Details
    • Value Estimation
      $350,000
      2,280 SF

      975 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,280 SF
      975 Main St, Independence, OR 97351-2505
      View Details

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    • Contact for pricing

      Heavy-Industrial Land with Rail Access

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    587 9th St
    Independence, OR 97351-1514
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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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