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    495 State St Salem, OR 97301

    For Lease
    Contact for pricing

    Executive Suites & Ballroom Available

    Lot size:
    5,886 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This Class A, six-story building at 495 State Street in Salem, Oregon (zip code 97301) offers exceptional office space. The property boasts a total of 5,886 square feet, currently entirely vacant and available for lease. Flexible space options range from a minimum of 809 square feet to a maximum contiguous space of 5,077 square feet, suitable for multiple tenants. A unique feature is a stunning sixth-floor ballroom with adjacent kitchen and offices, ideal for businesses requiring event space or similar assembly uses

    Property Features for 495 State St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,886 SF
    Class
    A

    Building Details

    Buildings
    1
    Stories
    6

    Unit(s) available at that property

    Space
    6th Floor
    Size
    5,077 SF

    HighLights

    • Class A, 5,886 SF office building available for lease in Salem, OR (97301).
    • Sixth‑floor ballroom with kitchen and offices available.
    • On‑site parking available for an additional fee.
    • Iconic downtown Salem location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rose Empire Dance Dance School Stacie Jo Miller, ... Massage Therapist Management Group Oregon Real Estate Developer CFM Strategic Communications, ... Public Relations Firm Anthony Pham, Capitol ... Real Estate Agent

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Building Supply Nail 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
    -123.03710167037
    Latitude
    44.939521983362

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    FAQs

    What type of property is this?
    Office Property / Space - Executive Suites & Ballroom Available
    Where is this office property / space located?
    The property is located at 495 State St Salem, OR.
    What are key features of this property?
    This property features: Class A, 5,886 SF office building available for lease in Salem, OR (97301).; Sixth-floor ballroom with kitchen and offices available.; On-site parking available for an additional fee.
    Request Owner's contact information
    495 State 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
    495 State St Salem, OR 97301
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