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    387 Court St NE Salem, OR 97301

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    For Sale
    $1,295,000

    Professional office building in the heart of downtown Salem.

    Property size:
    4,200 SF
    Lot size:
    0.09 Acres

    Property Features for 387 Court St NE

    General Information

    Size
    4,200 SF
    Lot size
    0.09 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

    Downtown Salem Professional Office Building

    This professional office building is located in the core of downtown Salem, on Court Street between Liberty and Commercial Streets. The property offers street-level retail-like professional office space. The building features exposed brick, up to eight private offices, a spacious conference room, and a copy/break room. A partial basement is available for storage; the buyer is responsible for completing due diligence for occupancy of the basement. The property size is 4,200 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Rod M. Jones, ... Personal Injury Attorney

    Suggested Use

    Restaurant Realty agency 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.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0385687
    Latitude
    44.9413971

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    FAQs

    What type of property is this?
    Office building - Professional office building in the heart of downtown Salem.
    Where is this office building located?
    The property is located at 387 Court St NE Salem, OR.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Core downtown Salem location on vibrant Court Street.; - Unique street-level retail-like professional office space.; - Beautiful exposed brick interior.
    (503) 364-7400
    Request Owner's contact information
    387 Court 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
    387 Court St NE Salem, OR 97301
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