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    1255 Wallace Rd NW Salem, OR 97304

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    For Lease
    $2 SF/Yr

    High-traffic medical office space available July 2025 in Salem.

    Property size:
    2,400 SF
    Lot size:
    0.97 Acres

    Property Features for 1255 Wallace Rd NW

    General Information

    Size
    2,400 SF
    Lot size
    0.97 Acres

    Source: Mosar Commercial Properties Agent Mike Mosar

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

    Overview

    Medical Office Space Available

    This 2,400 square foot medical office space is scheduled to become available in July 2025. The suite features a reception area, waiting room, seven exam rooms, two offices, a lab, two supply closets, three restrooms, and a kitchenette. The property offers convenient access to downtown Salem and major highways, potentially attracting local and regional clients. On-site parking is available at a ratio of 6:1000. Monument and building signage options are available.
    Insight Report Location Intelligence

    Current Use by Public Records

    Primary Care West, ... Medical Group Dr. Laslo E. ... Internist Primary Care West Medical Clinic Serena Caldwell Nurse Practitioner Elaine Harlan Nurse Practitioner

    Suggested Use

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

    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
    -123.0528053
    Latitude
    44.9526132

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    FAQs

    What type of property is this?
    Medical office - High-traffic medical office space available July 2025 in Salem.
    Where is this medical office located?
    The property is located at 1255 Wallace Rd NW Salem, OR.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location with easy access to downtown Salem and major highways.; - **Well-equipped 2,400 SF medical office space including reception, waiting room, 7 exam rooms, 2 offices, lab, 2 supply closets, 3 restrooms, and kitchenette.**; - Ample on-site parking with a 6:1000 ratio.
    (971) 273-7670
    Request Owner's contact information
    1255 Wallace Rd NW Salem, OR 97304
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    Salem, OR 97304
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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
    1255 Wallace Rd NW Salem, OR 97304
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