Financial
Distress signals
Property profile

657 E State St F2#2 Salem, OH 44460

FOR LEASE
Retail space
Property ID
US66-2445786
17,754 SF 0.34 ac lot Built 1890
Last sale Nov 2022 · $610,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 295-square-foot office unit located on the second floor of Courtyard Square at 657 E State Street in Salem, Ohio. It is situated within a remodeled commercial building that originally was built in 1890, combining historic building character with updated interior elements and modern fixtures and finishes. The unit features a neutral interior palette suitable for office configurations such as desks and shelving, and it is supported by commercial zoning for office use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$44k
Assessed land$24k
Assessed improvement$21k
Effective rate4.80%

Value estimate

· Sep 2026
$540k
$486k – $594k
AI approach$605k
Submarket $/SF estimate$377k
NOI build-up
Gross scheduled income$4k
Vacancy & credit loss−$885
Operating expenses−$663
NOI · 442.44% cap applied$2k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$42/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$21 – $62
Qualifying comparables4

Cap rate analysis

How does the asset earn?
442.44%
$2k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOLUMBIANA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency21.7
Dental Office17.7
Parking Facility11.8

Location

657 E State St, Unit F2#2 Salem, OH 44460
County assessor Recorded deeds · 1 transfer 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
506 State, Salem, OH 44460 $432,500 Jan 2026 19,976 SF
239 State, Salem, OH 44460-2755 $550,000 May 2025 10,320 SF
409 2nd, Salem, OH 44460-2862 $170,000 May 2025 9,280 SF
423 Lundy, Salem, OH 44460-3120 $451,000 Mar 2025 25,104 SF
617 State, Salem, OH 44460-2934 $55,000 Jun 2024 10,716 SF
257 State, Salem, OH 44460-2844 $235,000 May 2023 8,320 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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