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Multi-Suite Office Units
For Lease
$51.96 SF/Yr CAM $100 /USD/MO

Suite-1599 State St, Salem, OR 97301

Tenants share a lunchroom, reception area, conference room and two bathrooms.

Space Size132 SF - 235 SF
Days on Market12

Property Features for Suite-1599 State St

General Information

Standard status Active
Size 132 SF - 235 SF
Net Rentable 132 SF

Space & Availability

Available Space 132-235 SF
Space Use Office

Lease Terms

Lease Rate $4.33 /USD/SF/MO
Monthly Rent $571.56-$1,017
Rent per SF/Year $51.96
CAM $100 /USD/MO

Amenities

shared parking lot
ADA accessibility
lunchroom
client greeting area
small conference room
shared bathrooms
internet
Listing Agency: NVEST REAL ESTATE AND PROPERTY MANAGEMENT LLC
Listed By: CASEY OLIVER · License #201223998
Source: Exprealty
Added: Sep 22 Changed: Sep 28 Last Checked: Oct 1 at 2:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NVEST REAL ESTATE AND PROPERTY MANAGEMENT LLC

Investment Insights

Based on property information with market context.

Seven office units are available, with individual spaces measuring 132 to 235 square feet. Shared building amenities include two bathrooms, a lunchroom, a client reception area and a small conference room.

The building has ADA accessibility and a shared parking lot with 1607 State St.

Key Highlights

  • Seven office spaces available
  • Individual spaces range from 132 to 235 square feet
  • Shared use of two bathrooms, a lunchroom, reception area and small conference room

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store HVAC Service Electrical Service Carpet & Flooring Store Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$7.79 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,870
Businesses Nearby

Demographics for 97301, OR

56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value

Market

Lease Benchmarks for Salem, OR

$20.66 /SF/Yr
Avg Asking Price
$15–$27 /SF/Yr
Price Range
9,915 SF
Avg Space Size

This space is priced 152% above the average of $20.66 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Tenants share a lunchroom, reception area, conference room and two bathrooms.
Where is this office units located?
The property is located at Suite-1599 State St Salem, OR.
What is the lease rate?
The lease rate is $51.96 SF/Yr.
What are key features of this property?
This property features: Seven office spaces available; Individual spaces range from 132 to 235 square feet; Shared use of two bathrooms, a lunchroom, reception area and small conference room
More about this property
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