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    3155 River Rd S Salem, OR 97302

    For Sale
    $2,250,000

    Class A office building with professional office suites available for sale.

    Property size:
    6,540 SF
    Lot size:
    1.88 Acres

    Property Features for 3155 River Rd S

    General Information

    Size
    6,540 SF
    Lot size
    1.88 Acres

    Source: First Commercial Real Estate Agent Josh Kay

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

    Overview

    Class A Office Building

    This Class A office building is divided into two professional office suites. Each suite includes multiple private offices, reception areas, and open work rooms. The office building features wood-framed construction and a decorative brick veneer on the exterior walls. The property is 6540 square feet.
    Location Intelligence

    Current Use by Public Records

    Terrence Kay P.C. Law Firm Westcare Management Inc Business Management Consultant Veterans Care Centers ... Association / Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0729269
    Latitude
    44.9102904

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    FAQs

    What type of property is this?
    Office building - Class A office building with professional office suites available for sale.
    Where is this office building located?
    The property is located at 3155 River Rd S Salem, OR.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Class A office building; - Demised into two professional office suites; - Multiple private offices
    (503) 931-3521
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    3155 River Rd S 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
    3155 River Rd S Salem, OR 97302
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