Remodeled Private Office
For Sale
Contact for pricing
1845 Fairgrounds #7 Rd NE, Salem, OR 97301
Office suite with private entry, dedicated sink, storage cabinetry, and access to shared reception and break areas.
Property Size150 SF
Price / SF$6.67
Days on Market81
Property Features for 1845 Fairgrounds #7 Rd NE
General Information
Standard status
Active
Size
150 SF
Property subtype
Farm/Ranch
Amenities
sink with hot and cold water
daylight window
cabinets for storage
secure entry
common reception area
bathrooms
kitchen
break room
Listing Agency:
RE/MAX INTEGRITY - SALEM
Listed By:
NINA CATALDO · License #201231795
(503) 593-9903
Source:
Amymcleod
Added: Aug 13
Changed: Oct 25
Last Checked: Oct 7 at 1:55PM
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 RE/MAX INTEGRITY - SALEM
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Investment Insights
Based on property information with market context.
This private office suite has been remodeled for professional use and includes a sink with hot and cold water, a daylight window, and built-in cabinets for storage. Secure entry provides access for the occupant and clients.
The suite is supported by shared building amenities, including a reception area, bathrooms, kitchen, and break room. Private off-road parking is available on the property, providing convenient access for office users and visitors.
The suite is supported by shared building amenities, including a reception area, bathrooms, kitchen, and break room. Private off-road parking is available on the property, providing convenient access for office users and visitors.
Key Highlights
- Remodeled private office suite with secure entry
- Sink with hot and cold water
- Daylight window and storage cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,066
Suggested Prices Based on Cap Rates
Cap Rate 5%
$41,320
$41.3K
Cap Rate 7%
$29,514
$29.5K
Cap Rate 9%
$22,956
$23.0K
Market Conditions
NOI Build-Up for 150 SF
Gross rent
$3.2K $21.60/SF
− Vacancy
−$486 −$3.24/SF
EGI
$2.8K $18.36/SF
− OpEx
−$689 −$4.59/SF
NOI
$2.1K $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%
$41,320
Cap Rate 7%
$29,514
Cap Rate 9%
$22,956
Alternative Uses
Best Use
Office B
$29.5K
$25.8K – $34.4K
NOI $2,066 @ 7.0% cap · market cap 206.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$39.8K
$34.9K – $46.5K
NOI $2,788 @ 7.0% cap · market cap 278.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
23
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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite with private entry, dedicated sink, storage cabinetry, and access to shared reception and break areas.
Where is this office unit located?
The property is located at 1845 Fairgrounds #7 Rd NE Salem, OR.
What are key features of this property?
This property features: Remodeled private office suite with secure entry; Sink with hot and cold water; Daylight window and storage cabinets
