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    777 Commercial St SE Salem, OR 97301

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    For Lease
    $25 SF/Yr

    Prime 3,016 SF suite in Salem's prestigious Meridian building.

    Property size:
    52,000 SF
    Lot size:
    52,000 SF

    Property Features for 777 Commercial St SE

    General Information

    Size
    52,000 SF

    Building Details

    Year built
    2009

    Source: Toran Schmidgall Agent Toran Schmidgall

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Class A Office Space Available

    Located at 777 Commercial Street SE in Salem, The Meridian is a Class A building offering a lease opportunity. One suite remains available, comprising 3,016 square feet. Dedicated parking is available, along with street parking. The building's co-tenants include Cascade Cardiology, First American Title, and Eric John Photography. The Meridian also houses over 85 luxury condos. The Meridian is positioned in central Salem, near dining, boutique shops, and cultural venues. The Oregon State Capitol, Bush's Pasture Park, Willamette University, and Salem Hospital are nearby. The location is suitable for high-end office and retail due to high traffic and demographics.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maziar Azadpour Internist Salem Accounting & Payroll ... Tax Preparation Service Union Gospel Mission ... Mission Harminder Gandhok Internist Samantha Pacheco Physician Assistant

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.044282
    Latitude
    44.9335868

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    FAQs

    What type of property is this?
    Office building - Prime 3,016 SF suite in Salem's prestigious Meridian building.
    Where is this office building located?
    The property is located at 777 Commercial St SE Salem, OR.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prime Class A building in the heart of Salem with high traffic and strong demographics.; - Motivated ownership ready to make deals on the last available 3,016 SF suite.; - Dedicated parking plus street parking for convenient access.
    (503) 932-1969
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    777 Commercial St SE Salem, OR 97301
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    Salem, OR 97301
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    Realmo Value Estimation

    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.

    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
    777 Commercial St SE Salem, OR 97301
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