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    810-850 Commercial St SE Salem, OR 97302

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    For Sale
    $1,525,000

    Office building with 45 parking spaces in Salem, Oregon.

    Property size:
    9,170 SF
    Lot size:
    0.50 Acres

    Property Features for 810-850 Commercial St SE

    General Information

    Size
    9,170 SF
    Lot size
    0.50 Acres

    Source: Coldwell Banker Commercial - Mountain West | Salem Agent Shadya Jones

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

    Overview

    Salem Office Building for Sale

    This office building features wood frame construction with a partial brick exterior and a concrete slab foundation. The roof is gabled with asphalt shingle covering. Interior features include painted and textured sheetrock ceilings, double-paned glass in vinyl frame windows, and solid wood interior doors. Exterior doors are glass in metal frames and solid metal. Floor coverings consist of commercial-grade carpet, wood, and tile flooring. Each tenant space includes single-occupant restrooms. The property is equipped with ground-mounted A/C units and gas-fired furnaces for heating and cooling. Lighting includes a combination of hanging fluorescent, attached fluorescent, recessed canned, and decorative lighting fixtures. There are 45 total parking spaces, resulting in a parking ratio of 5:1000. Suites are separately metered for electric. The 2024 net operating income (NOI) is approximately $63,332. The building also features a drive-up ATM. The property size is 9170 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office 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
    -123.0436377
    Latitude
    44.9330442

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    FAQs

    What type of property is this?
    Office building - Office building with 45 parking spaces in Salem, Oregon.
    Where is this office building located?
    The property is located at 810-850 Commercial St SE Salem, OR.
    What is the asking price?
    The asking price for this property is $1,525,000.
    What are key features of this property?
    This property features: - 2024 NOI: Approximately $63,332; - 45 total parking spaces (5:1000 parking ratio); - Suites are separately metered for electric
    (503) 884-6281
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    810-850 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
    810-850 Commercial St SE Salem, OR 97302
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