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Property profile & analytics
OFF-MARKET
Hotels
640 Hawthorne SE Ave, Salem, OR 97301-5096
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0615128
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Total area
67,410 SF
Lot
2.5 ac (108,900 SF)
Zoning code
IBC
APN
073W36A 00800
UPID
US71-0615128
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
-
Convention center Community Center
-
640 Hawthorne Avenue SE Parking Parking Lot & Garage
-
Residence Inn Salem Hotel & Motel
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
W2005/fargo Hotels Pool C Re · 5 yrs held
W2005/fargo Hotels Pool C Re
since 2020
6 recorded transactions
Zoning & alternative use
IBC · 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
$130,548
Tax year 2023
Assessed value
$6,651,500
Assessed 2023
Previous assessed
$6,457,770
+3.0% YoY
Effective rate
1.96%
On assessed value
Land market value
$718,740
Improvement market value
$10,908,350
Total market value
$11,627,090
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2001
Heating
NONE
Stories
2
Total area
67,410 SF
Lot
2.5 ac (108,900 SF)
Zoning code
IBC
APN
073W36A 00800
UPID
US71-0615128
Jurisdiction
MARION
Zoning & alternative use
IBC · Salem, OR
Zoning IBC · permitted uses
IBC · 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
2001
Heating
NONE
Stories
2
Lot
2.5 ac
Current owner
From public records · entity-resolved
W2005/fargo Hotels Pool C Re
Individual
Mailing address
545 E JOHN CARPENTER FWY STE #1400, IRVING, TX 75062-3933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2020
—
W2005/fargo Hotels Pool C Re
—
Deed
related
$960,000,000 · Wells Fargo Bk NA 2018-th (ce)
Jun 3, 2013
—
Fargo Hotels Pool C Re W2005
—
Deed Of Trust
related
$775,000,000 · German American Capital Corp
May 31, 2011
—
Fargo Hotels Pool C Re W2005
—
Deed Of Trust
related
$725,000,000 · German American Capital Corp
Mar 14, 2005
—
Ts Six Of Salem Oregon LLC
—
Deed Of Trust
related
$4,850,000 · Ing Life Ins & Annunity Co
—
—
Ts Six Of Salem Oregon LLC
—
Deed Of Trust
related
$4,850,000 · Ing Life Ins & Annunity Co
—
—
W2005/fargo Hotels Pool C Re
—
Loan Modification
related
$960,000,000 · Wells Fargo Bk NA 2018-th (ce)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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