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    1715 Capitol St Salem, OR 97301

    Sponsored
    For Lease
    $14 SF/Yr ($2,796 /Mo)

    Salem, OR: 2,330 SF Creative Office

    Lot size:
    2,330 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,330 square foot office building, located at 1715 Capitol St NE in Salem, Oregon, presents a unique investment opportunity. Built in 1925 and renovated in 2008, this two-story Class B building offers a flexible floor plan ideal for a variety of uses. The open layout on both levels allows for easy customization to create private offices as needed. The property boasts high visibility from its corner location at the intersection of Capitol St NE and Jefferson St NE, providing excellent signage opportunities. Parking is readily available with four off-street spaces, supplemented by ample on-street parking. The building is fully accessible, featuring a handicap-accessible elevator and ADA-compliant restrooms. Previous uses include a small church and a call center, demonstrating its adaptability. The building's electrical service is 200 amp single phase. The zoning is Commercial Office. The property is available for sale on contract, with terms negotiable for qualified buyers with a reasonable down payment. This is a rare chance to acquire a well-maintained, versatile commercial space in a prime Salem location. The property is zoned for commercial office use.

    Property Features for 1715 Capitol St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,330 SF
    Class
    B
    Total Rate
    2796

    Building Details

    Year Built/Renovated
    1925/2008
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    2,330 SF
    Rate per SF
    $14

    HighLights

    • 2,330 SF office building in Salem, OR, at 1715 Capitol St NE.
    • Two‑story Class B building, renovated in 2008, offering flexible floor plans.
    • High visibility corner location with excellent signage opportunities.
    • Four off‑street parking spaces plus ample on‑street parking.
    • Fully accessible with elevator and ADA‑compliant restrooms.
    • 200‑amp single‑phase electrical service; Commercially Zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Diamond select Lead ... Telemarketing Service Diamond Select Lead ... Telemarketing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0213867
    Latitude
    44.9535242

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    FAQs

    What type of property is this?
    Office space - Salem, OR: 2,330 SF Creative Office
    Where is this office space located?
    The property is located at 1715 Capitol St Salem, OR.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 2,330 SF office building in Salem, OR, at 1715 Capitol St NE.; Two-story Class B building, renovated in 2008, offering flexible floor plans.; High visibility corner location with excellent signage opportunities.
    Request Owner's contact information
    1715 Capitol 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
    1715 Capitol St Salem, OR 97301
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