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    698 12Th St Salem, OR 97301

    Sponsored
    For Lease
    $22 SF/Yr

    Class A Office Space, 2,915 sq ft Available

    Lot size:
    30,488 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    University Station, a Class A office building constructed in 1997 and upgraded in 2005, offers 2,915 square feet of immediately available space in a highly desirable Salem, Oregon location. This single, two-story building totals 30,488 square feet and sits on 1.35 acres of land, conveniently located near the Oregon State Capitol, Willamette University, Salem Health Hospital, and the Central Business District. Its strategic position adjacent to three major thoroughfares, including easy access to Interstate 5 via the Mission Street on-ramp, ensures exceptional visibility and convenient commuting for tenants and clients. The building features ample parking with a 3:1,000 ratio and elevators for easy access to all floors. The zoning is CR, and the property is situated in Marion County, within the Salem submarket. The building's design is well-suited for a variety of professional uses, including legal, medical, or governmental offices. This is a rare opportunity to secure premium office space in a highly sought-after location. The available space is part of a multi-tenant building.

    Property Features for 698 12Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,488 SF
    Class
    A
    Total Rate
    56402.8

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 210
    Size
    2,915 SF
    Rate per SF
    $22

    HighLights

    • Tenant improvement allowances available.
    • Ample parking with a 3:1,000 ratio.
    • High traffic location with 18,000 cars passing daily.
    • Virtual tour available online at www.svnca.com/properties.
    Property Profile Location Intelligence

    Current Use by Public Records

    Guild Mortgage - Jeannine ... Mortgage Lender RE55 Real Estate Agency Victor Leonardo, M.D. Radiologist James D. Vick Personal Injury Attorney Christopher Goeser, D.C., ... Radiologist

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0291917
    Latitude
    44.9311873

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, 2,915 sq ft Available
    Where is this office property / space located?
    The property is located at 698 12Th St Salem, OR.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Tenant improvement allowances available.; Ample parking with a 3:1,000 ratio.; High traffic location with 18,000 cars passing daily.
    Request Owner's contact information
    698 12Th St Salem, OR 97301
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    Salem, OR 97301
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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
    698 12Th St Salem, OR 97301
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