Office Unit with
For Sale
Contact for pricing
5044 Commercial St SE, Salem, OR 97306
Modern office configuration with a private restroom and kitchenette for a small business setting.
Property Size500 SF
Price / SF$1.55
Days on Market48
Property Features for 5044 Commercial St SE
General Information
Standard status
Active
Size
500 SF
Property subtype
Farm/Ranch
Amenities
private restroom
kitchenette area
Building Details
Tenancy
Multi
Listing Agency:
SMI REAL ESTATE
Listed By:
ELESA DOLL · License #200708163
(503) 390-6060
Source:
Wisser
Added: Aug 30
Changed: Oct 14
Last Checked: Oct 6 at 12:08AM
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 SMI REAL ESTATE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 500-square-foot office unit is arranged for office use and features modern finishes, a private restroom, and a kitchenette. The configuration is suited to an existing small business or startup office operation.
The property is located at 5044 Commercial St SE in Salem, Oregon. Ownership covers real property taxes, fire insurance, water, sewer, and trash. Occupant responsibilities include electric service, phone, internet, interior janitorial service, and insurance.
The property is located at 5044 Commercial St SE in Salem, Oregon. Ownership covers real property taxes, fire insurance, water, sewer, and trash. Occupant responsibilities include electric service, phone, internet, interior janitorial service, and insurance.
Key Highlights
- 500‑square‑foot office unit
- Private restroom and kitchenette
- Newer modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,017
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,340
$120.3K
Cap Rate 7%
$85,957
$86.0K
Cap Rate 9%
$66,856
$66.9K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$9.0K $18.00/SF
− Vacancy
−$405 −$0.81/SF
EGI
$8.6K $17.19/SF
− OpEx
−$2.6K −$5.16/SF
NOI
$6.0K $12.03/SF
Area
Salem, OR
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,340
Cap Rate 7%
$85,957
Cap Rate 9%
$66,856
Alternative Uses
Best Use
Office B
$98.4K
$86.1K – $114.8K
NOI $6,885 @ 7.0% cap · market cap 888.39%
Second Best
Retail
$86.0K
$75.2K – $100.3K
NOI $6,017 @ 7.0% cap · market cap 776.39%
Theoretical Best
Office A
$132.8K
$116.2K – $154.9K
NOI $9,293 @ 7.0% cap · market cap 1,199.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
Explore this area
Business Placement
Demographics for 97306, OR
34,715
Population
14,151
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
32.4 sq mi
ZIP Area
1,071
Density / Sq Mi
$89,773
Median Household Income
$50,931
Median Earnings
$1,455
Median Rent
$438,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Modern office configuration with a private restroom and kitchenette for a small business setting.
Where is this office units located?
The property is located at 5044 Commercial St SE Salem, OR.
What are key features of this property?
This property features: 500‑square‑foot office unit; Private restroom and kitchenette; Newer modern finishes
