Historic Register Office
901 13th St SE, Salem, OR 97302
For Sale
$570,000
CO zoning and five on-site parking spaces support its office configuration.
Property Size2,652 SF
Price / SF$214.93
Days on Market51
Property Features for 901 13th St SE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Property Use
Building Details
Year Built
Listing Agency:
Sparrow Real Estate, Llc
Listed By:
DEVIN THIELE · License OR #201206009
(541) 646-8894
Source:
Theoregonhomefinder
Added: Sep 20
Changed: Nov 8
Last Checked: Nov 8 at 7:09AM
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 Sparrow Real Estate, Llc
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Investment Insights
Based on property information with market context.
The Burggraf-Burt-Webster House is an office property listed on the National Register of Historic Places. Its documented improvements include roofing, a sewer line, and foundation work completed in 2025. The property has CO zoning and five on-site parking spaces.
Key Highlights
- Listed on the National Register of Historic Places
- Roofing, sewer line, and foundation upgrades completed in 2025
- CO zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,518
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,360
$730.4K
Cap Rate 7%
$521,686
$521.7K
Cap Rate 9%
$405,756
$405.8K
Market Conditions
NOI Build-Up for 2,652 SF
Gross rent
$57.3K $21.60/SF
− Vacancy
−$8.6K −$3.24/SF
EGI
$48.7K $18.36/SF
− OpEx
−$12.2K −$4.59/SF
NOI
$36.5K $13.77/SF
Area
Salem, OR
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,360
Cap Rate 7%
$521,686
Cap Rate 9%
$405,756
Alternative Uses
Best Use
Office B
$521.7K
$456.5K – $608.6K
NOI $36,518 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$704.1K
$616.1K – $821.5K
NOI $49,289 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,302
Businesses Nearby
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Business Placement
Demographics for 97302, OR
39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Salem, OR
Properties on Market for Office buildings in Salem
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - CO zoning and five on-site parking spaces support its office configuration.
Where is this office building located?
The property is located at 901 13th St SE Salem, OR.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Listed on the National Register of Historic Places; Roofing, sewer line, and foundation upgrades completed in 2025; CO zoning
