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Property profile & analytics
OFF-MARKET
Specialty properties
Salem, OR 97306
Individually Owned
6-yr Hold
Free & Clear
Property ID
US71-1274241
Property profile
Verified
Property type
Specialty properties
Use group
SBE - SPECIAL ASSESSMENTS
Lot
13.46 ac (586,318 SF)
Zoning code
UT5
APN
083W22DA00700
UPID
US71-1274241
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
by Request
Owner & transaction history
Justin R Rigling · 6 yrs held
Justin R Rigling
since 2019
6 recorded transactions
Zoning & alternative use
UT5 · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$98
Tax year 2023
Assessed value
$7,267
Assessed 2023
Previous assessed
$7,055
+3.0% YoY
Effective rate
1.35%
On assessed value
Land market value
$366,590
Total market value
$366,590
Applied tax rate
24,430.0000
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
Specialty properties
Use group
SBE - SPECIAL ASSESSMENTS
Status
Off-Market
Heating
NONE
Lot
13.46 ac (586,318 SF)
Zoning code
UT5
APN
083W22DA00700
UPID
US71-1274241
Jurisdiction
MARION
Zoning & alternative use
UT5 · Salem, OR
Zoning UT5 · permitted uses
UT5 · Salem, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salem. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
13.46 ac
Current owner
From public records · entity-resolved
Justin R Rigling
Individual
Free & Clear · 6 yrs held
Mailing address
6515 SUNNYSIDE RD SE, SALEM, OR 97306-9551
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
—
Justin R Rigling
—
Deed
related
$412,500 · Watermark Cap
Feb 4, 2020
—
Justin R Rigling
—
Deed
related
$412,500 · Watermark Cap
Oct 11, 2019
$635,000
Justin R Rigling
Thomas M Cullen
Warranty Deed
—
Mar 16, 2017
$550,000
Thomas M Cullen
Mccoubrey,paul & Patricia L
Warranty Deed
$522,500 · Bank Of America
—
—
Justin R Rigling
—
Deed Of Trust
related
$412,500 · Watermark Cap
—
—
Justin R Rigling
—
Deed Of Trust
related
$412,500 · Watermark Cap
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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