Technical
Financial
Distress signals
Property profile

650 Locust NE St Salem, OR 97301

OFF-MARKET
Assisted living facilities
Property ID
US71-1019079
9,483 SF 0.71 ac lot Built 1936
Individually Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1936
Total area 9,483 SF
Lot 0.71 ac (30,928 SF)
Zoning code RS
APN 073W14BC09200
UPID US71-1019079

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
  • Church
  • Corporate Office

Location

650 Locust NE St Salem, OR 97301-8209
Salem metro Census 400 SALEM, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2013
5 recorded transactions
2013
Price N/A
2009
Price N/A
2009
Price N/A
2006
$250,000
1977
$161,000

Zoning & alternative use

RS · Salem, OR
Zoning description

to the development standards of the Single Family Residential (RS) zone set forth in SRC chapter 511 , except the lot size and dimensions standards, and to all other applicable provisions of the UDC. (C) Option to rebuil…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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