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    1245 Columbia St Salem, OR 97301

    Sponsored
    For Lease
    $18 SF/Yr ($6,000 /Mo)

    Prime Salem retail space, high visibility.

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Heritage Plaza, located at 1245 Columbia St NE in Salem, Oregon (zip code 97301), offers a fantastic retail or office opportunity within a newer strip center. This property, situated in Marion County, comprises a 4,000 square foot building on a 0.53-acre lot. The building is currently divided into two suites, with one suite of 2,000 square feet immediately available for lease, starting November 15, 2022. This particular space boasts exceptional visibility from the street, thanks to large windows that flood the interior with natural light. The layout is highly adaptable

    Property Features for 1245 Columbia St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF
    Total Rate
    6000

    Unit(s) available at that property

    Space
    1245 Columbia St NE
    Size
    2,000 SF
    Rate per SF
    $18
    Property Profile Location Intelligence

    Current Use by Public Records

    Subway Sandwich Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop 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
    -123.017194
    Latitude
    44.958958

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    FAQs

    What type of property is this?
    Land - Prime Salem retail space, high visibility.
    Where is this land located?
    The property is located at 1245 Columbia St Salem, OR.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    Request Owner's contact information
    1245 Columbia 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
    1245 Columbia St Salem, OR 97301
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