Financial
Distress signals
Property profile

740 Bassett NW St Salem, OR 97304

OFF-MARKET
Other commercial real estate
Property ID
US71-0982967
10 SF 1.04 ac lot Built 1977
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a flat, rectangular development site located within the West Salem Urban Renewal Area and zoned MU-III. Under MU-III, the site is intended to support infill and redevelopment along mixed-use corridors and to encourage pedestrian-oriented development; the zoning generally permits a range of uses including retail, office, commercial services, and multi-family residential. A second street improvement project has been completed, creating a connection between Wallace Road and the…

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?
$11k
Tax billed · 2023
Assessed value$582k
Assessed land$547k
Assessed improvement$35k
Effective rate1.88%

Value estimate

· Sep 2026
$550k
$495k – $605k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$262/SF
Submarket average, outlier-cleaned · 102 recorded sales of this use type
Observed band · Q1–Q3$105 – $449

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CG
The purpose of the General Commercial (CG) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through t...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.5
Plumbing Service8.6
Shoe Repair8.6

Location

740 Bassett NW St Salem, OR 97304-3810
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3505 Eagle Crst NW, Salem, OR 97304 $150,000 Nov 2024 10 SF
5300 4th H NW, Salem, OR 97304-9727 $6,000,000 Sep 2024 2,750 SF
4515 Salem Dallas NW, Salem, OR 97304-3307 $390,000 Nov 2022 4,968 SF
113 50th NW, Salem, OR 97304-3219 $26,000 Jan 2021 3,932 SF
6080 Bethel Hts NW, Salem, OR 97304-9752 $1,000,000 Jun 2020 3,040 SF
Salem, OR 97304 $1,100,000 Oct 2018 3,376 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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