Single-Level Office
1375 Front St NE, Salem, OR 97301
For Sale
Contact for pricing
Paved parking grounds serve a professional office property with a single-level layout.
Property Size4,464 SF
Price / SF$268.82
Days on Market52
Property Features for 1375 Front St NE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Buildings
Stories
Building Size
Listing Agency:
First Commercial Real Estate
Listed By:
Jordan Truitt · License OR #201233597
(503) 576-0075
Source:
Crexi
Added: Sep 23
Changed: Nov 6
Last Checked: Nov 12 at 6:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The professional office building contains 4,464 square feet on one level, with paved parking grounds. It is located at 1375 Front St NE in Salem, Oregon.
Key Highlights
- 4,464‑square‑foot professional office building
- Single‑level configuration
- Paved parking grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,469
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,380
$1.2M
Cap Rate 7%
$878,129
$878.1K
Cap Rate 9%
$682,989
$683.0K
Market Conditions
NOI Build-Up for 4,464 SF
Gross rent
$96.4K $21.60/SF
− Vacancy
−$14.5K −$3.24/SF
EGI
$82.0K $18.36/SF
− OpEx
−$20.5K −$4.59/SF
NOI
$61.5K $13.77/SF
Area
Salem, OR
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,380
Cap Rate 7%
$878,129
Cap Rate 9%
$682,989
Alternative Uses
Best Use
Office B
$878.1K
$768.4K – $1.02M
NOI $61,469 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,966 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
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Business Placement
Demographics for 97301, OR
56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Salem, OR
Properties on Market for Office buildings in Salem
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Paved parking grounds serve a professional office property with a single-level layout.
Where is this office building located?
The property is located at 1375 Front St NE Salem, OR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,464‑square‑foot professional office building; Single‑level configuration; Paved parking grounds
