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    Property profile & analytics

    Salem, OR 97302

    • Amusement parks
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Feb 09, 2022
    $3,200,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1276708
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Amusement parks

    Property Details

    Lot size
    0.07 lot acres
    Zone code
    PA
    Property type
    Amusement parks
    APN
    083W10BC02400
    APU
    083W10BC02400

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.045
    Latitude
    44.8933
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46
    $0.00
    $0.00
    $2,320
    -
    $20,110
    $600
    $20,710

    Comparable in this City

    • Value Estimation by Request
      41,376 SF

      2975 Riv S Rd

      AMUSEMENT PARK • 41,376 SF
      2975 Riv S Rd, Salem, OR 97302-9754
      View Details
    • Value Estimation by Request
      24,388 SF

      4318 Lone Oak SE Rd

      AMUSEMENT PARK • 24,388 SF
      4318 Lone Oak SE Rd, Salem, OR 97302-4888
      View Details
    • Value Estimation by Request
      40.00 Acres

      2100 Turner SE Rd

      AMUSEMENT PARK • 40.00 Acres
      2100 Turner SE Rd, Salem, OR 97302-2004
      View Details
    • Value Estimation by Request
      3,590 SF

      3505 Liberty S Rd

      AMUSEMENT PARK • 3,590 SF
      3505 Liberty S Rd, Salem, OR 97302-5621
      View Details
    • Value Estimation by Request
      1.19 Acres

      Salem, OR 97302

      GOLF COURSE • 1.19 Acres
      Salem, OR 97302
      View Details
    • Value Estimation by Request
      26,260 SF

      2025 Golf Crse S Rd

      GOLF COURSE • 26,260 SF
      2025 Golf Crse S Rd, Salem, OR 97302-9702
      View Details

    Similar Nearby for Sale

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      Land • 15,000 SF
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    • $700,000

      Salem Fuel Pad Investment Opportunity

      High-traffic corner lot, ideal for development.
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    • $2,250,000
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      Salem Executive Office Complex

      Class A Office & ADU, $2.25M
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    • $2,950,000
      0.37 Acres

      South Salem Apartment Complex

      Luxury 12-unit apartment building, high ROI.
      3310 Crawford St, Salem, OR 97302
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    • $1,525,000
      9,170 SF

      Salem Office Building for Sale

      Office building with 45 parking spaces in Salem, Oregon.
      810-850 Commercial St SE, Salem, OR 97302
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    • $625,000
      1,985 SF

      Two-Story Office Building For Sale

      Two-story office building with high visibility and commuter traffic.
      1415 Liberty St SE, Salem, OR 97302
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    Similar Nearby for Lease

    • $24 SF/Yr
      1,900 SF

      Retail/Studio Space in South Salem

      1,900 sq ft retail space ideal for fitness or retail.
      4340 Commercial St SE, Salem, OR 97302
      View Details
    • $23 SF/Yr
      23,729 SF

      Salem Creative Office Space

      Prime Salem office, 3,278 sq ft available.
      1255 Lee St, Salem, OR 97302
      View Details
    • $16 SF/Yr
      5,417 SF

      Salem Office Space for Lease

      Modern Office Suites, Flexible Sizes
      3871 Fairview Industrial Dr, Salem, OR 97302
      View Details
    • $27 SF/Yr
      14,361 SF

      Class A Salem Office Suites

      Prime Salem Office Space, Multiple Sizes Available
      1220 20Th St, Salem, OR 97302
      View Details
    • $13 SF/Yr
      4,000 SF

      Salem Flex Space Available

      Industrial Flex Space, 4,000 SF Total
      1920 Mcgilchrist St, Salem, OR 97302
      View Details
    • $28 SF/Yr
      1,637 SF

      Modern Salem Office Suites

      High-end executive office space available
      1900 Hines St, Salem, OR 97302
      View Details
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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.

    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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