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    533-581 Union St NE Salem, OR 97301

    For Lease
    $1.50 SF/Yr

    Office space available in a central Salem location.

    Property size:
    1,147 SF
    Lot size:
    0.51 Acres

    Property Features for 533-581 Union St NE

    General Information

    Size
    1,147 SF
    Lot size
    0.51 Acres

    Source: Hancock Real Estate Agent Terry Hancock

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

    Overview

    Salem Office Space For Rent

    This office space is centrally located and zoned CB. Parking is available at a ratio of 3.2 spaces per 1,000 square feet. Lease rates are $1.70 per square foot for the first floor and $1.50 per square foot for the second floor, both full service leases excluding janitorial services. The property size is 1,147 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Auto Parts Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.004523
    Latitude
    44.7175299

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    FAQs

    What type of property is this?
    Office space - Office space available in a central Salem location.
    Where is this office space located?
    The property is located at 533-581 Union St NE Salem, OR.
    What is the lease rate?
    The lease rate is $1.50 SF/Yr.
    What are key features of this property?
    This property features: - Central location; - Zoned CB; - Parking: 3.2/1,000 SF
    (503) 370-2581
    Request Owner's contact information
    533-581 Union St NE 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
    533-581 Union St NE Salem, OR 97301
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