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    4600 25Th Ave Salem, OR 97301

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    For Lease
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    Salem, OR Office Building - 26,826 SF Available

    Lot size:
    233,358 SF

    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

    Spaces For Lease

    at 4600 25Th Ave, Salem, OR 97301 Contact us
    Unit CCBC - Suite 160

    $21 /Mo

    Size
    26,826 SF
    Contact us
    Unit CCBC - Suite 177

    $21 /Mo

    Size
    5,390 SF
    Contact us
    Unit CCBC - Suite 180

    $21 /Mo

    Size
    48,857 SF
    Contact us

    We can help!

    Listing Contact
    Nick Williams, Ccim
    Nick Williams, Ccim

    Listing Agency: SVN COMMERCIAL ADVISORS, LLC Listing Agent: Nick Williams, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    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 Profile Insight Report 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 & Coffee Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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 - Salem, OR Office Building - 26,826 SF Available
    Where is this office property 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.
    (503) 588-0400 Call to check price and availability
    Request Owner's contact information
    4600 25Th Ave Salem, OR 97301
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    Salem, OR 97301
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nick Williams, Ccim
    Nick Williams, Ccim
    Real Estate License ID: #201230204
    (503) 588-0400 (503) 400-7851 (503) 569-4449
    Learn more
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