Two-Story Office Building For
2850-2860 Broadway St NE Salem, OR
For Sale
Contact for pricing
Two-story office building with high visibility and easy access.
Property Size48,082 SF
Lot Size4.29 Acres
Price / SF$411.80
Days on Market245
Property Features for 2850-2860 Broadway St NE
General Information
Standard status
Active
Size
48,082 SF
Lot size
4.29 Acres
Property subtype
OFFICE
Properties For Sale
at 2850-2860 Broadway St NE Contact us
Listing Agency:
Coldwell Banker Commercial - Mountain West | Salem
(503) 587-4777
Listed By:
Alex Rhoten · License #841000042
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:38AM
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 Coldwell Banker Commercial - Mountain West | Salem
Investment Insights
Based on property information with market context.
This two-story office building offers a high-visibility location with convenient access to I-5. The property features ample on-site parking. The lease type is Full Service; MG. An outdoor fenced covered area is available and must be added to Suite 200 or the 2nd Floor (Suite 400). The tenant will be responsible for verifying occupancy with the City of Salem. The property encompasses 48,082 square feet.
Key Highlights
- High visibility location
- Easy access to I‑5
- Plenty of on‑site parking
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.04M | $21.60 |
| − Vacancy | −$155.8k | −$3.24 |
| EGI | $882.8k | $18.36 |
| − OpEx | −$220.7k | −$4.59 |
| NOI | $662.1k | $13.77 |
48,082 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.46M
$8.28M – $11.03M
NOI $662,089 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.77M
$11.17M – $14.89M
NOI $893,633 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with high visibility and easy access.
Where is this office building located?
The property is located at 2850-2860 Broadway St NE Salem, OR.
What is the asking price?
The asking price for this property is $19,800,000.
What are key features of this property?
This property features: High visibility location; Easy access to I‑5; Plenty of on‑site parking
