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    Property profile & analytics

    3405 Commercial SE St Salem, OR 97302-3864

    • Retail space
    • 9,000 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US71-0874752
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Freeway Insurance / Insurance Agency / Insurance Broker
    • Ibendoo ramen / Japanese Restaurant
    • Simply Pho / Chinese Restaurant / Asian Restaurant
    • Great Harvest Bread Co. / Bakery
    • T-Mobile Authorized Retailer / Cell Phone Store / Cell Phone Accessory Store

    Property Details for 3405 Commercial SE St

    Year built
    1994
    Lot size
    1.71 lot acres
    Property size
    9,000 SF
    Zone code
    CR
    Property type
    Retail space
    APN
    083W03BD03300
    APU
    083W03BD03300

    Description

    This exceptional 1,200 square foot retail space, located at 3405 Commercial St SE in Salem, Oregon, presents a remarkable opportunity for a discerning business owner. Situated within a larger 9,000 square foot building constructed in 1994, this single-tenant space is ideally suited for a variety of retail uses, previously operating as a bakery. The property boasts a prime location in a high-traffic commercial area, ensuring excellent visibility and foot traffic. The single-story building is zoned CR (Commercial Retail) and features a flexible layout, perfect for showcasing merchandise with large storefront windows. The address is easily accessible, situated near the intersection of Commercial Street SE and Triangle Street in Marion County, Oregon (zip code 97302). The property's Asset Property Number (APN) is 572730. This space offers a compelling combination of location, size, and affordability, making it an attractive option for businesses seeking to establish or expand their presence in a thriving South Salem market. Lease rates are competitive and reflect the current market value. The property is ready for immediate occupancy. Inquire today to learn more about this exceptional retail opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.044
    Latitude
    44.9062
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $61,722
    $0.00
    $0.00
    $3,144,780
    -
    $1,431,360
    $2,244,300
    $3,675,660

    Comparable in this City

    • Value Estimation by Request
      5,280 SF

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    • Value Estimation by Request
      5,600 SF

      1120 Commercial SE St

      RETAIL STORES (PERSONAL SERVICES) • 5,600 SF
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    • Value Estimation by Request
      23,739 SF

      2910 Commercial SE St

      RETAIL STORES (PERSONAL SERVICES) • 23,739 SF
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    • Value Estimation by Request
      0.46 Acres

      1505 12th SE St

      RETAIL STORES (PERSONAL SERVICES) • 0.46 Acres
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    • Value Estimation by Request
      1,536 SF

      3773 Commercial SE St

      RETAIL STORES (PERSONAL SERVICES) • 1,536 SF
      3773 Commercial SE St, Salem, OR 97302-3832
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    • Value Estimation by Request
      9,032 SF

      920 Commercial SE St

      RETAIL STORES (PERSONAL SERVICES) • 9,032 SF
      920 Commercial SE St, Salem, OR 97302-4110
      View Details

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    Salem, OR 97302-3864
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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