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    4600 25Th Ave Salem, OR 97301

    Sponsored
    For Lease
    $21 SF/Yr

    Salem, OR Office Building - 26,826 SF Available

    Lot size:
    233,358 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Class A, 233,358 square foot office building, located in Salem's desirable submarket, presents a unique investment opportunity. Originally built in 1957 and extensively renovated in 2007 (with a major upgrade in 2005), this single-story structure boasts a prime location with high visibility from I-5 and ample parking. The property sits on 24.45 acres and features a modern interior with a great room, updated corridors, skylights, and upgraded HVAC systems. Currently, two prominent suites are available for immediate occupancy: a 5,390 square foot suite and a larger 26,826 square foot suite (which is divisible). Full-service rents start at $1.75 per square foot, with attractive tenant improvement packages available for qualified tenants. The building is professionally managed with on-site engineers ensuring seamless operations. The property is zoned CO and has a Marion County APN of R244874. This exceptional property offers a blend of classic architecture and modern amenities, making it an ideal location for businesses seeking a prestigious and functional workspace in Salem, Oregon. The building's history as the original Northwest Regional Center for State Farm Mutual Insurance speaks to its quality and enduring appeal. Don't miss this chance to secure a prominent space in a highly sought-after location.

    Property Features for 4600 25Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    233,358 SF
    Class
    A
    Total Rate
    408376.5

    Building Details

    Year Built/Renovated
    1957/2007
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    CCBC - Suite 160
    Size
    26,826 SF
    Rate per SF
    $21
    Space
    CCBC - Suite 177
    Size
    5,390 SF
    Rate per SF
    $21
    Space
    CCBC - Suite 180
    Size
    48,857 SF
    Rate per SF
    $21

    HighLights

    • Class A, 233,358 SF office building in Salem, OR's Submarket.
    • 26,826 SF of immediately available space, divisible into smaller suites including a 5,390 SF suite.
    • High visibility from I‑5 with ample parking.
    • Full‑service rent starting at $21.00/SF, with generous tenant improvement allowances available.
    • Located on a 24.45‑acre site, with a single, one‑story building constructed in 1957 and renovated in 2007.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office of Administrative Hearing State Government Office George Fox University: ... College Salem Center University Oregon Employer Services ... Association / Organization Cafe at CCBC Cafe

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.99702224995
    Latitude
    44.985916069794

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    FAQs

    What type of property is this?
    Office Property / Space - Salem, OR Office Building - 26,826 SF Available
    Where is this office property / space located?
    The property is located at 4600 25Th Ave Salem, OR.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Class A, 233,358 SF office building in Salem, OR's Submarket.; 26,826 SF of immediately available space, divisible into smaller suites including a 5,390 SF suite.; High visibility from I-5 with ample parking.
    Request Owner's contact information
    4600 25Th Ave 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
    4600 25Th Ave Salem, OR 97301
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