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    4560 Center Street Northeast Salem, OR 97301
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    4560 Center Street Northeast Salem, OR 97301

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    Property Details for 4560 Center Street Northeast

    Property type
    Land
    Property subtype
    Residential land & home lots

    Description

    This exceptional 4.71-acre property, located at 4560 Center Street Northeast, Salem, OR 97301, presents a unique investment opportunity. Zoned Salem-RA (Residential Agriculture), this expansive lot offers considerable flexibility for development. Its prime location within Salem provides easy access to a variety of amenities and attractions. Nearby points of interest include the Oregon State Capitol, Willamette University, and Riverfront Park, offering a blend of cultural and recreational opportunities. The surrounding area boasts a vibrant community and is known for its natural beauty. The property's ample size allows for substantial land utilization, making it ideal for residential development or agricultural pursuits. Given the strong and stable Salem real estate market, this versatile investment opportunity is poised for growth, presenting a compelling prospect for those seeking to capitalize on the burgeoning opportunities in this sought-after area. The property's zoning and location combine to create a rare chance to shape the landscape of this thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    State
    Oregon

    Comparable in this City

    • Contact for pricing

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      Prime Commercial Parcel in Salem

      Versatile 0.46 acre commercial land with utilities and I-5 access.
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      Salem Commercial Land For Sale

      IG zoned property with easy access and utilities.
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      Developable Land Near Oregon Capitol

      Rare opportunity: developable land across from Oregon State Capitol grounds.
      210 Capitol St NE, Salem, OR 97301
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      Prime Land Along Willamette River

      13.27 acres of pristine land near downtown Salem.
      1105 Front St NE, Salem, OR 97301
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      Commercial Land For Sale

      Commercial land available for purchase.
      3305 Portland Rd NE, Salem, OR 97301
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    Similar Nearby for Sale

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      11,923 SF

      Industrial Property with Riverfront Redevelopment

      Industrial property for sale with riverfront redevelopment potential.
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      Developable Land Near Oregon Capitol

      Rare opportunity: developable land across from Oregon State Capitol grounds.
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      Commercial Land For Sale

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      Prime Land Along Willamette River

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    Similar Nearby for Lease

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      1 SF

      Salem Industrial Land Opportunity

      Large industrial lot, ideal for various uses.
      1940-2045 Hyacinth St, Salem, OR 97301
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    • $2 SF/Yr

      Premier Office Campus with Creek Frontage

      High-quality office space in Salem's finest business campus.
      650-680 Hawthorne Ave SE, Salem, OR 97301
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    • Contact for pricing
      6,118 SF

      Sophisticated Office Space in Salem

      Premier office space in Salem's business and government hub.
      1241 State St, Salem, OR 97301
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    • $24 SF/Yr

      Professional Office Space Near Capitol

      Office suite available in professional center near Oregon's Capitol Building.
      1201 Court St NE, Salem, OR 97301
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    • $24 SF/Yr

      Professional Office Space for Lease

      Office suite available near Oregon's Capitol Building.
      1201 Court St NE, Salem, OR 97301
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    • Contact for pricing

      Downtown Retail Spaces For Rent

      Two retail spaces available in downtown Salem.
      360 State St, Salem, OR 97301
      View Details
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    4560 Center Street Northeast
    Salem, OR 97301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    4560 Center Street Northeast , Salem, OR, 97301
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