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Property profile & analytics
OFF-MARKET
Estimated value
$3,200,000
Amusement parks
Salem, OR 97302
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-1276708
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Lot
0.07 ac (3,049 SF)
Zoning code
PA
APN
083W10BC02400
UPID
US71-1276708
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.20M
Owner & transaction history
Flight Assets LLC · 4 yrs held
Flight Assets LLC
since 2022
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
PA · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Public Amusement (PA) Zone is to implement the parks, open space, and outdoor recreation designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards.
Zone name
Public Amusement
General category
OPEN_SPACE
Zone area
2,762.61 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$46
Tax year 2023
Assessed value
$2,320
Assessed 2023
Previous assessed
$2,260
+2.7% YoY
Effective rate
1.98%
On assessed value
Land market value
$20,110
Improvement market value
$600
Total market value
$20,710
Applied tax rate
24,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Heating
NONE
Lot
0.07 ac (3,049 SF)
Zoning code
PA
APN
083W10BC02400
UPID
US71-1276708
Jurisdiction
MARION
Zoning & alternative use
PA · Salem, ORZoning PA · permitted uses
PA · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Public Amusement (PA) Zone is to implement the parks, open space, and outdoor recreation designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards.
Zone name
Public Amusement
General category
OPEN_SPACE
Zone area
2,762.61 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
Flight Assets LLC
Entity
Mailing address
2111 TUSCANA AVE S, SALEM, OR 97306-4108
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2022
$3,200,000
Flight Assets LLC
Dt3c LLC
Warranty Deed
$2,656,000 · Enterprise Bank
Jan 8, 2019
$2,700,000
Dt3c LLC
Ad Out LLC
Trustees Deed
$2,870,000 · Pioneer Tr Bk
Jul 5, 2017
—
Ad Out LLC
—
Trustees Deed
related
$500,000 · Pioneer Tr Bk
Sep 23, 2016
$617,730
Ad Out LLC
Salem Tennis & Swim Club
Grant Deed
$1,700,000 · Pioneer Tr Bk
—
—
Salem Tennis & Swim Club INC
—
Deed Of Trust
related
$560,000 · Pioneer Trust Bank NA
—
—
Salem Tennis
—
Deed Of Trust
related
$657,000 · Us Bank NA
—
—
Salem Tennis
—
Deed Of Trust
related
$125,000 · Us Bank NA
—
—
Salem Tennis
—
Deed Of Trust
related
$41,052 · Oregon State
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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