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    1174 Cornucopia St NW Salem, OR 97308

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    For Lease
    $22 SF/Yr ($11,443 /Mo)

    Professional/medical building in West Salem, suitable for owner-user or investment.

    Property size:
    6,023 SF
    Lot size:
    0.79 Acres

    Property Features for 1174 Cornucopia St NW

    General Information

    Size
    6,023 SF
    Lot size
    0.79 Acres

    Source: First Commercial Real Estate Agent Jennifer Martin

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

    Overview

    West Salem Professional/Medical Building

    This professional/medical building is located off Wallace Road in West Salem. The building offers an opportunity for an owner-user seeking approximately 6,023 rentable square feet of turnkey medical space. The property benefits from income generated by other tenants in the building. Shared parking is available for the businesses and their clients. The property is located approximately one half mile to downtown Salem and within walking distance to Roth’s Fresh Market, restaurants, and retail uses. It is across the street from the bus line and a short walk from the Courthouse Athletic Club and Wallace Marine Park.
    Location Intelligence

    Current Use by Public Records

    Well Life Medicine Medical Clinic Blue Pacific Vacation ... Vacation Home Rental Agency Zuk Timothy MD Doctor Davidson Neurology Neurologist Dale Lachance Nurse Practitioner

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

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

    Similar Places Nearby

    Oak Hills Veterinary & Salem Cat Clinic, Dr. Darcy Smith, Salem Cat Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0480739
    Latitude
    44.9516692

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    FAQs

    What type of property is this?
    Medical office - Professional/medical building in West Salem, suitable for owner-user or investment.
    Where is this medical office located?
    The property is located at 1174 Cornucopia St NW Salem, OR.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey medical space of approximately 6,023 rentable square feet.; - Income potential from existing tenants.; - Excellent shared parking.
    (503) 364-7400
    Request Owner's contact information
    1174 Cornucopia St NW Salem, OR 97308
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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
    1174 Cornucopia St NW Salem, OR 97308
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