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    1535 State St Salem, OR 97301

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    For Lease
    $575,000

    Converted home featuring unique interior, suitable for medical office.

    Property size:
    2,367 SF
    Lot size:
    0.22 Acres

    Property Features for 1535 State St

    General Information

    Size
    2,367 SF
    Lot size
    0.22 Acres

    Source: First Commercial Real Estate Agent W. Conrad Venti

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

    Overview

    Historic Medical Office Space Available

    This historic building, converted into a medical office, features a large front porch, unique interior moldings, and a fireplace. The main floor includes 4 private office spaces, two bathrooms, and a large common space. The second floor offers a conference room, a break room, and a possible additional office. A large basement provides suitable storage space. The building is fully ADA accessible and features landscaping. Previously, the property was occupied by a midwives nursing clinic. The property benefits from a central location and good visibility.
    Insight Report Location Intelligence

    Current Use by Public Records

    Legacy Medical Group-Women's ... Women'S Health Clinic Devin Anne Salazar, ... Midwife Molly Ann MacMorris-Adix, ... Midwife Marjorie Camarda, CNM Midwife Mary Tippin, NP Nurse Practitioner

    Suggested Use

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

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

    Similar Places Nearby

    PoultryVetLLC

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0222015
    Latitude
    44.9360732

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    FAQs

    What type of property is this?
    Medical office - Converted home featuring unique interior, suitable for medical office.
    Where is this medical office located?
    The property is located at 1535 State St Salem, OR.
    What are key features of this property?
    This property features: - Central location with great visibility; - Fully ADA accessible; - Features 4 private office spaces
    (503) 364-7400
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    1535 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
    1535 State St Salem, OR 97301
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