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    3220 State St Salem, OR 97301

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    For Sale
    $4,530,000

    Fully leased office building in Salem, Oregon, with prime location.

    Property size:
    20,359 SF

    Property Features for 3220 State St

    General Information

    Size
    20,359 SF

    Building Details

    Year built
    2005

    Source: Curt Arthur, SIOR Agent Curt Arthur, SIOR

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

    Overview

    Salem Office Building Investment

    This 20,359 square foot office building, constructed in 2005, is located in Salem, Oregon. The property is fully leased and features an anchor tenant, DCP Connections. The building offers ample parking and is meticulously maintained. Its location provides convenient access to Interstate 5, central Salem, and Lancaster Drive. Nearby attractions include Riverfront Park, the Oregon State Capitol, and the historic Deepwood Estate. The property is positioned for ongoing success and represents an attractive investment opportunity in a sought-after location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Amedisys Home Health ... Home Health Care Service Joshua Ward, Bankers ... Insurance Agency Amber Walker, Bankers ... Insurance Agency Trevor Cross, Bankers ... Insurance Agency Micah Yang, Bankers ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.9965715
    Latitude
    44.9276025

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    FAQs

    What type of property is this?
    Office building - Fully leased office building in Salem, Oregon, with prime location.
    Where is this office building located?
    The property is located at 3220 State St Salem, OR.
    What is the asking price?
    The asking price for this property is $4,530,000.
    What are key features of this property?
    This property features: - Fully Leased Investment Opportunity: Provides immediate income.; - Prime Location in Salem, Oregon: Offers a desirable business environment.; - 20,359 SF Office Building: A substantial asset.
    (503) 559-7990
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    3220 State St 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
    3220 State St Salem, OR 97301
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