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    Salem, OR Office Spaces for Sale

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    Keizer, OR Turner, OR Brooks, OR Aumsville, OR Jefferson, OR Gervais, OR Independence, OR Silverton, OR
    81 properties
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    Turn-Key Veterinary Clinic Building
    Updated: Jul 20
    Turn-Key Veterinary Clinic Building

    5498 Commercial St SE, Salem, OR 97306

    $575,000
    2,940 sqft 0.20 AC lot
    Freestanding commercial building delivered vacant, ready for tenant occupancy at closing or lease commencement.
    2,940 SF building on about 0.2 acres with an interior buildout designed for continued veterinary clinic use.
    Existing layout includes treatment areas, reception, and support spaces suited to veterinary or related healthcare/professional/service occupancies.
    Year built: 1959.
    Located on Commercial Street SE with reported average daily traffic of approximately 30,600 vehicles per day.
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    This listing looks promising.

    Here's a quick look at some key insights for

    5498 Commercial St SE, Salem, OR 97306

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    • Est. Cap Rate

      7%
      Above avg (5.9%)

    • Est. NOI

      $40K
      Annual

    • Price @ 7% Cap

      $578K
      Above asking

    • Last Sold

      Jan 2019
      $260K

    • Property Type

      Veterinary, Animal Hospital
      Built 1959
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    Freestanding Office Building
    Updated: Aug 20
    Freestanding Office Building

    875 Idylwood Dr SE, Salem, OR 97302

    $849,000
    3,676 sqft 0.38 AC lot
    3,676 SF office building on three levels
    Up to 1,500 SF on the first floor for an owner‑user
    Four offices or conference room, reception, break room, and restroom
    Second‑floor tenant occupancy with private offices on the third floor
    16 on‑site parking spaces and existing business signage
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    Historic Two-Story Office Building
    Historic Two-Story Office Building

    245 Oak St SE, Salem, OR 97301

    $520,000
    1,892 sqft 0.16 AC lot

    Flexible two-level layout with private offices, partitioned workspaces, and separate entrances serving each floor.

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    Elevator-Served Multi-Tenant Office Building
    Elevator-Served Multi-Tenant Office Building

    2405 FRONT ST NE, Salem, OR 97301

    $2,950,000
    23,079 sqft 4.00 AC lot

    Fully occupied professional office property with riverfront setting, multiple tenants, and additional land for future planning.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Mixed-Use Commercial Building
    Mixed-Use Commercial Building

    388 Commercial St NE, Salem, OR 97301

    $695,630
    6,933 sqft

    Property supports retail, office, and medical uses at a signalized intersection.

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    Two-Story Office Building
    Two-Story Office Building

    245 245 Oak St SE, Salem, OR 97301

    $520,000
    1,892 sqft

    Built in 1900, this two-story office building features separate level reception areas and multiple private workspaces.

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    Kenneth A. Holmes Office Building
    Kenneth A. Holmes Office Building

    200 - 234 High Street Northeast, Salem, OR 97301

    $3,329,000
    45,666 sqft

    Downtown office property with glass-fronted street exposure, multiple tenants, and secure structured parking.

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    Single-Story Office Building
    Single-Story Office Building

    435 Commercial St NE, Salem, OR 97301

    $3,199,999
    21,851 sqft

    One-level office property with ADA amenities and additional space for occupancy.

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    Two-Story Office Building
    Two-Story Office Building

    4741 Liberty Rd S, Salem, OR 97302

    $462,420
    4,404 sqft

    Standalone office property with reception, private offices, collaborative workspace, and on-site parking.

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    Home-to-Office Conversion with Parking
    Home-to-Office Conversion with Parking

    1230 Fairview Ave SE, Salem, OR 97302

    $510,000
    2,130 sqft 0.50 AC lot

    Office building with parking lot on sprawling half-acre lot.

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    Single-Level Downtown Office Building
    Single-Level Downtown Office Building

    435 COMMERCIAL St Unit 435, Salem, OR 97301

    $3,199,999
    21,851 sqft

    Single-level office building with prominent Commercial Street frontage and ADA amenities, suited for owner-occupied or investment use.

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    Office/Medical Building Near State Capitol
    Office/Medical Building Near State Capitol

    1320 Chemeketa St NE, Salem, OR 97301

    $689,900
    3,281 sqft

    Charming 1928 building suitable for office or medical use.

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    Fenced Flex Space Property
    Fenced Flex Space Property

    3620 Mainline Dr NE, Salem, OR 97301

    $1,730,000
    4,250 sqft

    IG-zoned flex property combines industrial space, a detached office, residential units, and secured outdoor areas.

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    Office Unit with On-Site Parking
    Office Unit with On-Site Parking

    3295 Triangle Dr SE, Salem, OR 97302

    $102,926
    1,500 sqft

    Available immediately with property management and a full-service, less-janitorial lease structure.

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    Renovated Office Building
    Renovated Office Building

    198 COMMERCIAL St Unit 198, Salem, OR 97301

    $8,825,000
    41,472 sqft

    CBD office property with central air and substantial interior improvements completed between 2021 and 2025.

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    Fully Leased Office Building
    Fully Leased Office Building

    198 Commercial Street SE, Salem, OR 97301

    $8,215,000
    41,472 sqft

    Fully leased Salem office building with 3 leases and significant interior renovation completed between 2021 and 2025.

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    Freestanding Office Building
    Freestanding Office Building

    875 Idylwood Dr SE, Salem, OR 97302

    $849,000
    3,676 sqft

    Includes owner-user space, occupied second-floor offices, and private third-floor offices.

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    Downtown Salem Investment Opportunity
    Downtown Salem Investment Opportunity

    300-390 Liberty St SE, 410 & 420 Mill St SE, & 305-395 High St SE, Salem, OR 97301

    $5,950,000
    61,521 sqft

    Fully occupied Salem property with high rental upside potential.

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    Well-Maintained Office Building For Sale
    Well-Maintained Office Building For Sale

    830 830 Saginaw St, Salem, OR 97302

    $475,000
    1,682 sqft

    Charming office building south of downtown Salem with recent upgrades.

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    Two-Suite Medical and Office Building
    Two-Suite Medical and Office Building

    1515 - 1535 Liberty St SE, Salem, OR 97302

    Contact for pricing
    8,708 sqft 0.56 AC lot

    Two-level office building with two main-floor suites and 26 on-site parking spaces.

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    Multi-Tenant Office Building
    Multi-Tenant Office Building

    659-695 Cottage St NE, Salem, OR 97301

    Contact for pricing
    9,570 sqft

    Well-maintained office property with parking and a varied roster of service-oriented occupants.

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    Office Unit at Main Entrance
    Office Unit at Main Entrance

    200 Hawthorne Ave SE, Salem, OR 97301

    $236,542
    2,856 sqft

    Configured with private offices, open work areas, reception, and two restrooms.

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    Three-Story Office Building
    Three-Story Office Building

    235 Union St NE, Salem, OR 97301

    Contact for pricing
    11,360 sqft

    Elevator-served office property with underground parking, conference rooms, and a dedicated kitchen.

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    Class A Office Building
    Class A Office Building

    680 Hawthorne Ave SE, Salem, OR 97301

    Contact for pricing
    18,521 sqft 1.22 AC lot

    Three-level layout includes an elevator, roof terrace, commercial kitchen infrastructure, and on-site parking.

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    Salem, OR Office Spaces Market Trends and Statistics

    Explore 81 office spaces for sale in Salem, OR, showcased through 81 active listings on our real estate platform. These investment opportunities span a total of 1,578,172 square feet of properties for sale, with an estimated market value of $94,730,459.

    Sale prices for office spaces in Salem, OR start at $32,220, averaging $2,786,189, and reaching up to $9,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 157
    Office buildings 78
    Medical Office Space 30
    Creative space 4
    Coworking space 1

    Demographics Overview

    Population 279K
    Population Growth (5Y) +5.0%
    Median Household Income $76,436
    College Educated 19.3%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    97302 $497.5K
    97306 $575K
    97301 $3.3M
    97304 $5.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.85%
    Property Tax per SF $20.84 per SF
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Marion County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Marion County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Salem fall within the 50,000 to 100,000 square foot range.

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    Most Searched ZIP Codes in Salem, OR

    • 97301
    • 97302
    • 97304
    • 97305
    • 97306
    • 97317

    Featured Salem Real Estate Agencies

    Realmo connects you with licensed Salem CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Prudential Real Estate Professionals
    1220 20th Street SE Salem, OR 97302
    Phone: 15033713013
    www.PrudentialHomeFinder.com
    Blum Real Estate
    735 Commercial St SE Salem, OR 97301
    Phone: 15034851900
    www.blumre.com

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