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    4937 Indian School Rd Salem, OR 97305

    Sponsored
    For Lease
    $12 SF/Yr ($7,356 /Mo)

    7,006 SF Office Building, Suites Available

    Lot size:
    7,006 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,006 square foot office building, located at 4937 Indian School Rd in Salem, Oregon, presents a unique opportunity for businesses seeking flexible executive office space. The property, built in 1980 and classified as Class C, sits on a half-acre lot (0.5 acres) and is zoned IG - General Industrial (APN 524749). Currently, 4,087 square feet of vacant space is available, divisible into units ranging from a minimum of 1,492 square feet to a maximum contiguous space of 2,595 square feet. The building features a multi-tenant configuration, offering a collaborative environment. One available suite includes four hard-walled cubicles, a large open bullpen area, and two private meeting rooms. Shared restroom facilities are provided. Ample on-site parking is available for all tenants. The property enjoys a strategic location in Salem, Oregon, with convenient access to major transportation routes. The building's diverse tenant mix includes the corporate headquarters for Roth's Fresh Markets, along with warehouse and distribution businesses, creating a vibrant and established business community. This is an ideal opportunity for a company seeking a well-located, adaptable office space in a thriving area of Salem. The property's location in Marion County, Oregon, offers access to a strong local workforce and a supportive business environment. The address is 4937 Indian School Rd, Salem, OR 97305.

    Property Features for 4937 Indian School Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,006 SF
    Class
    C
    Total Rate
    7356.3

    Building Details

    Year Built
    1980

    Unit(s) available at that property

    Space
    4937 Indian School Rd (A)
    Size
    2,178 SF
    Rate per SF
    $12

    HighLights

    • 7,006 SF Class C office building on a 0.5‑acre lot in Salem, OR.
    • 4,087 SF of vacant space available, divisible into units from 1,492 SF to 2,595 SF.
    • Ample on‑site parking and convenient access to major transportation routes, including I‑5.
    • Owner offering one month of free rent per year for qualified tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    S & M Truck ... Trucking Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -122.9955384
    Latitude
    44.9957551

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    FAQs

    What type of property is this?
    Office Property / Space - 7,006 SF Office Building, Suites Available
    Where is this office property / space located?
    The property is located at 4937 Indian School Rd Salem, OR.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 7,006 SF Class C office building on a 0.5-acre lot in Salem, OR.; 4,087 SF of vacant space available, divisible into units from 1,492 SF to 2,595 SF.; Ample on-site parking and convenient access to major transportation routes, including I-5.
    Request Owner's contact information
    4937 Indian School Rd Salem, OR 97305
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    Salem, OR 97305
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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
    4937 Indian School Rd Salem, OR 97305
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