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    3405 Commercial St SE Salem, OR 97302

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    For Lease
    $1.83 SF/Yr

    Retail space featuring an open layout and high-traffic location.

    Property size:
    1,200 SF
    Lot size:
    1.70 Acres

    Property Features for 3405 Commercial St SE

    General Information

    Size
    1,200 SF
    Lot size
    1.70 Acres

    Source: SVN Commercial Advisors | Salem Agent Nick Williams

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

    Overview

    Retail Space with Open Layout

    This retail space offers an open floor plan designed to facilitate customer navigation. Large display windows are aimed at attracting foot traffic. The property benefits from a high-traffic location, providing significant exposure. It is situated among neighboring businesses and established retail and restaurant locations. The property size is 1200 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Freeway Insurance Auto Insurance Agency Ibendoo ramen Japanese Restaurant Simply Pho Chinese Restaurant Great Harvest Bread ... Bakery T-Mobile Authorized Retailer Cell Phone Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0439969
    Latitude
    44.9062896

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    FAQs

    What type of property is this?
    Retail space - Retail space featuring an open layout and high-traffic location.
    Where is this retail space located?
    The property is located at 3405 Commercial St SE Salem, OR.
    What is the lease rate?
    The lease rate is $1.83 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location provides unparalleled exposure; - Large display windows aimed at attracting foot traffic; - Neighboring businesses and well established retail and restaurants
    (503) 569-4449
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    3405 Commercial St SE Salem, OR 97302
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    Salem, OR 97302
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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
    3405 Commercial St SE Salem, OR 97302
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