Updated Office
For Sale
Contact for pricing
265 Commercial St SE, Salem, OR 97302
Upper-level office suite with two private rooms and shared restroom access.
Property Size450 SF
Price / SF$20
Days on Market69
Property Features for 265 Commercial St SE
General Information
Standard status
Active
Size
450 SF
Property subtype
Farm/Ranch
Additional Details
Floor
Upper Level
Amenities
Shared restrooms
Listing Agency:
RE/MAX INTEGRITY - SALEM
Listed By:
ERIC FISKUM · License #990500138
(503) 931-8516
Source:
Oregonhomeshop
Added: Aug 9
Changed: Oct 9
Last Checked: Oct 7 at 1:11PM
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.
Updated upper-level office unit measuring approximately 450 square feet. Suite #280 includes two separate rooms that can function as offices or conference rooms, along with access to shared restrooms.
The tenant handles janitorial service within the suite, while the landlord maintains the building’s common areas. The property is located at 265 Commercial St SE in Salem, Oregon.
The tenant handles janitorial service within the suite, while the landlord maintains the building’s common areas. The property is located at 265 Commercial St SE in Salem, Oregon.
Key Highlights
- Approximately 450 square feet
- Upper‑level Suite #280
- Two separate offices or conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,197
Suggested Prices Based on Cap Rates
Cap Rate 5%
$123,940
$123.9K
Cap Rate 7%
$88,529
$88.5K
Cap Rate 9%
$68,856
$68.9K
Market Conditions
NOI Build-Up for 450 SF
Gross rent
$9.7K $21.60/SF
− Vacancy
−$1.5K −$3.24/SF
EGI
$8.3K $18.36/SF
− OpEx
−$2.1K −$4.59/SF
NOI
$6.2K $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%
$123,940
Cap Rate 7%
$88,529
Cap Rate 9%
$68,856
Alternative Uses
Best Use
Office B
$88.5K
$77.5K – $103.3K
NOI $6,197 @ 7.0% cap · market cap 68.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$119.5K
$104.6K – $139.4K
NOI $8,364 @ 7.0% cap · market cap 92.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,870
Businesses Nearby
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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 - Upper-level office suite with two private rooms and shared restroom access.
Where is this office units located?
The property is located at 265 Commercial St SE Salem, OR.
What are key features of this property?
This property features: Approximately 450 square feet; Upper‑level Suite #280; Two separate offices or conference rooms
