Second-Floor Office
For Sale
Contact for pricing
1596 Liberty St SE, Salem, OR 97302
Two-office professional workspace with access to shared conference and break rooms.
Property Size375 SF
Price / SF$25.60
Days on Market61
Property Features for 1596 Liberty St SE
General Information
Standard status
Active
Size
375 SF
Property subtype
Farm/Ranch
Listing Agency:
MOSAR COMMERCIAL PROPERTIES
Listed By:
MIKE MOSAR
(971) 273-7670
Source:
Wisser
Added: Aug 17
Changed: Oct 8
Last Checked: Oct 15 at 2:50AM
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 MOSAR COMMERCIAL PROPERTIES
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Investment Insights
Based on property information with market context.
The property includes 375 square feet of second-floor office space with two offices available. The arrangement also provides access to a shared conference room and shared break room, supporting professional office use.
Located at 1596 Liberty St SE in Salem, the property occupies the corner of Liberty Street and Lincoln Street. Availability is scheduled for September 1, 2025. The occupant is responsible for janitorial service within its suite, along with phone and internet service.
Located at 1596 Liberty St SE in Salem, the property occupies the corner of Liberty Street and Lincoln Street. Availability is scheduled for September 1, 2025. The occupant is responsible for janitorial service within its suite, along with phone and internet service.
Key Highlights
- 375 square feet of second‑floor office space
- Two offices available
- Shared conference room included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,164
Suggested Prices Based on Cap Rates
Cap Rate 5%
$103,280
$103.3K
Cap Rate 7%
$73,771
$73.8K
Cap Rate 9%
$57,378
$57.4K
Market Conditions
NOI Build-Up for 375 SF
Gross rent
$8.1K $21.60/SF
− Vacancy
−$1.2K −$3.24/SF
EGI
$6.9K $18.36/SF
− OpEx
−$1.7K −$4.59/SF
NOI
$5.2K $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%
$103,280
Cap Rate 7%
$73,771
Cap Rate 9%
$57,378
Alternative Uses
Best Use
Office B
$73.8K
$64.6K – $86.1K
NOI $5,164 @ 7.0% cap · market cap 53.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$99.6K
$87.1K – $116.2K
NOI $6,970 @ 7.0% cap · market cap 72.60%
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
1,657
Businesses Nearby
Explore this area
Business Placement
Demographics for 97302, OR
39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Two-office professional workspace with access to shared conference and break rooms.
Where is this office units located?
The property is located at 1596 Liberty St SE Salem, OR.
What are key features of this property?
This property features: 375 square feet of second‑floor office space; Two offices available; Shared conference room included
