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    1201 Court St Salem, OR 97301

    Sponsored
    For Lease
    $24 SF/Yr

    Prestigious Capitol Mall Office Suite - 4,675 SF Available

    Lot size:
    40,436 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional executive office suite, totaling 4,675 square feet, is situated within the prestigious Local Government Center at 1201 Court St NE, Salem, Oregon, 97301. Located in the Capitol Mall submarket of Marion County, this property offers a prime location for businesses seeking a prominent address. The suite, identified as Suite 300, occupies the northern half of the third floor within a larger 40,436 square foot office building on a 0.29-acre lot. The space is currently configured to include expansive open work areas, perfect for collaborative environments, complemented by a welcoming reception area designed to impress clients and visitors. Ten individual perimeter offices provide private workspaces for executives and staff, while a dedicated conference/training room caters to meetings and presentations. Leases are structured as full-service, excluding janitorial services within the suite, providing a convenient and efficient arrangement for tenants. The building is zoned CR and offers multiple tenancies. This is a rare opportunity to secure high-quality office space in a highly desirable location within Salem's thriving business district. The property's strategic location within the Capitol Mall submarket ensures excellent visibility and accessibility. This exceptional suite presents a unique opportunity for businesses seeking a sophisticated and functional workspace in a central location.

    Property Features for 1201 Court St

    General Information

    Property type
    Office buildings
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,436 SF
    Total Rate
    80872

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,675 SF
    Rate per SF
    $24

    HighLights

    • 4,675 SF executive office suite in prestigious Local Government Center, Salem, OR.
    • Suite 300, occupying the northern half of the 3rd floor.
    • Features open work areas, reception area, 10 private offices, and a conference room.
    • Full‑service lease (excluding janitorial).
    • Located in the Capitol Mall submarket of Marion County, offering excellent visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    SemaConnect Charging Station Electric Vehicle Charging Station Oregon Mayors Association Association / Organization Oregon School Boards ... Association / Organization Local Government Center Government Office Association of Oregon Counties Association Or Organization

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store 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
    -123.0259197
    Latitude
    44.9387989

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    FAQs

    What type of property is this?
    Office building - Prestigious Capitol Mall Office Suite - 4,675 SF Available
    Where is this office building located?
    The property is located at 1201 Court St Salem, OR.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 4,675 SF executive office suite in prestigious Local Government Center, Salem, OR.; Suite 300, occupying the northern half of the 3rd floor.; Features open work areas, reception area, 10 private offices, and a conference room.
    Request Owner's contact information
    1201 Court 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
    1201 Court St Salem, OR 97301
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