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Property profile & analytics
OFF-MARKET
Estimated value
$3,805,000
Apartment buildings
648 Taybin NW Rd A, Salem, OR 97304-3147
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US71-0764449
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
1979
Total area
38,598 SF
Lot
2.02 ac (87,991 SF)
Zoning code
RM2
APN
07321-AD-00203
UPID
US71-0764449
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$3.81M
Owner & transaction history
Coleman Family Investments LLC · 18 yrs held
Coleman Family Investments LLC
since 2007
7 recorded transactions
Zoning & alternative use
RM2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,000,000
Current use
Blend value · Realmo final
$3.81M
Range $3.42M – $4.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$99 / SF
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
$46,527
Tax year 2023
Assessed value
$2,468,660
Assessed 2023
Previous assessed
$2,396,760
+3.0% YoY
Effective rate
1.88%
On assessed value
Assessed land
$200,990
Assessed improvement
$2,267,670
Land market value
$535,310
Improvement market value
$3,379,410
Total market value
$3,914,720
Applied tax rate
3,201.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
1979
Heating
NONE
Buildings
44
Total area
38,598 SF
Lot
2.02 ac (87,991 SF)
Zoning code
RM2
APN
07321-AD-00203
UPID
US71-0764449
Jurisdiction
POLK
Zoning & alternative use
RM2 · Salem, OR
Zoning RM2 · permitted uses
RM2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Buildings
44
Lot
2.02 ac
Current owner
From public records · entity-resolved
Coleman Family Investments LLC
Entity
Mailing address
PO BOX 230214, TIGARD, OR 97281-0214
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2021
—
Coleman Family Investments LLC
—
Deed
related
$5,350,000 · Umpqua Bk
Jun 1, 2017
—
Coleman Family Investments LLC
—
Grant Deed
related
$5,460,000 · Umpqua Bk
May 1, 2013
—
Coleman Family Investments LLC
—
Deed Of Trust
related
$5,047,500 · Sterling Bank
Jul 13, 2007
$7,150,000
Coleman Family Investments LLC
Gre Spring Mountain LLC
Grant Deed
$4,830,000 · Washington Mutual Fsb
Jul 10, 2007
$7,150,000
Owner Name Unavailable
Gre Spring Mtn LLC
Warranty Deed
related
—
Mar 15, 2005
—
Gre Spring Mountain LLC
Harmony Pointe Associates LLC
Grant Deed
$4,408,535 · Homestreet Bank
Mar 10, 2005
—
Owner Name Unavailable
Harmony Pointe Associates LLC
Grant Deed
related
—
May 15, 1996
$2,650
Sima Oregon LP
Knell,james P
Grant Deed
related
—
Jun 5, 1991
$353,078
Spring Mountain Ltd
Unknown
Grant Deed
—
—
—
Coleman Family Investments LLC
—
Deed Of Trust
related
$5,350,000 · Umpqua Bk
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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