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    980 Market St NE Salem, OR 97301

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    For Sale
    $375,000

    3,268 SF office building in a strategic Salem location.

    Property size:
    3,268 SF
    Lot size:
    0.18 Acres

    Property Features for 980 Market St NE

    General Information

    Size
    3,268 SF
    Lot size
    0.18 Acres

    Source: Coldwell Banker Commercial - Mountain West | Salem Agent Kelsi Sands

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

    Overview

    Salem Office Building For Sale

    This is a 3,268 square foot office building located in Salem. Constructed in 1927, the property includes 2,020 square feet of finished space across the first and second floors, with an additional 1,248 square feet of unfinished basement space. The property is zoned MU1, and prospective buyers should verify occupancy requirements with the City of Salem. The building benefits from a strategic location within Salem.
    Insight Report Location Intelligence

    Current Use by Public Records

    Stillman & Associates Inc Real Estate Appraiser

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store 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
    -123.0239668
    Latitude
    44.9489546

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    FAQs

    What type of property is this?
    Office building - 3,268 SF office building in a strategic Salem location.
    Where is this office building located?
    The property is located at 980 Market St NE Salem, OR.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - 3,268 SF total space; - Strategic Salem location; - **2020 SF finished on 1st and 2nd floors**
    (503) 588-3508
    Request Owner's contact information
    980 Market 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
    980 Market St NE Salem, OR 97301
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