Office Condo Suite with Private
For Sale
$248,000
3795 # 3a River Rd N, Keizer, OR 97303
Configured with private offices, reception space, two restrooms, storage, and a kitchenette within an established office complex.
Property Size1,318 SF
Price / SF$188.16
Days on Market320
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Property Features for 3795 # 3a River Rd N
General Information
Standard status
Active
Size
1,318 SF
Property subtype
Commercial
Building Details
Year Built
1980
Tenancy
Single
Listing Agency:
Zenith Realty, Llc
Listed By:
PRISCILLA BEGGS 503-580-2941 · License #971100070
(503) 580-2941
Source:
Searchsalemhomelistings
Added: Nov 29, 2025
Changed: Oct 1
Last Checked: Oct 14 at 11:27PM
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 Zenith Realty, Llc
Investment Insights
Based on property information with market context.
This office condominium suite contains 1,318 square feet with a layout that includes private offices, a spacious reception area, two restrooms, a storage and file room, and a kitchenette. The suite was updated before the current tenancy, and its heating unit was replaced in 2023.
The property is located within River Rd Plaza, an office complex with on-site parking and high traffic. The suite is currently occupied, providing an existing tenancy within a professionally configured office setting. Built in 1980, the property offers a practical combination of private work areas and shared reception-oriented space.
The property is located within River Rd Plaza, an office complex with on-site parking and high traffic. The suite is currently occupied, providing an existing tenancy within a professionally configured office setting. Built in 1980, the property offers a practical combination of private work areas and shared reception-oriented space.
Key Highlights
- 1,318‑square‑foot office condominium suite
- Private offices with spacious reception area
- Two restrooms, storage/file room, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,107
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,140
$322.1K
Cap Rate 7%
$230,100
$230.1K
Cap Rate 9%
$178,967
$179.0K
Market Conditions
NOI Build-Up for 1,318 SF
Gross rent
$29.3K $22.20/SF
− Vacancy
−$7.8K −$5.91/SF
EGI
$21.5K $16.29/SF
− OpEx
−$5.4K −$4.07/SF
NOI
$16.1K $12.22/SF
Area
Marion County, OR
Vacancy
26.60%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,140
Cap Rate 7%
$230,100
Cap Rate 9%
$178,967
Alternative Uses
Best Use
Office B
$230.1K
$201.3K – $268.5K
NOI $16,107 @ 7.0% cap · market cap 6.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$310.0K
$271.2K – $361.6K
NOI $21,698 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 97303, OR
41,441
Population
15,740
Households
2.6
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
24.9 sq mi
ZIP Area
1,664
Density / Sq Mi
$81,057
Median Household Income
$45,034
Median Earnings
$1,361
Median Rent
$396,700
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 - Configured with private offices, reception space, two restrooms, storage, and a kitchenette within an established office complex.
Where is this office units located?
The property is located at 3795 # 3a River Rd N Keizer, OR.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: 1,318‑square‑foot office condominium suite; Private offices with spacious reception area; Two restrooms, storage/file room, and kitchenette
