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    5247 Commercial St Salem, OR 97306

    • Retail properties
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • 9Round Kickboxing Fitness / Physical Fitness Program / Gym
    • Buster Tronolone / Website Designer / Video Production Service

    Property Details for 5247 Commercial St

    Property type
    Retail properties
    Property subtype
    Land

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.029
    Latitude
    44.8792

    Comparable in this City

    • Value Estimation by Request
      24.64 Acres

      Kuebler Blvd

      Multifamily properties • 24.64 Acres
      0 Kuebler Blvd, Salem, OR 97306
      View Details
    • Value Estimation by Request
      7,792 SF

      5385 Commercial St

      Land • 7,792 SF
      5385 Commercial St, Salem, OR 97306
      View Details
    • Value Estimation by Request
      24.64 Acres

      Kuebler Blvd

      Multifamily properties • 24.64 Acres
      0 Kuebler Blvd, Salem, OR 97306
      View Details
    • Value Estimation by Request
      2,600 SF

      1080 Boone SE Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,600 SF
      1080 Boone SE Rd, Salem, OR 97306-1526
      View Details
    • Value Estimation by Request
      3,900 SF

      5755-5795 Commercial St

      Individual retail properties • 3,900 SF
      5755-5795 Commercial St, Salem, OR 97306
      View Details
    • Value Estimation by Request
      9,290 SF

      5765 Commercial St

      Neighborhood centers • 9,290 SF
      5765 Commercial St, Salem, OR 97306
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24.64 Acres

      Salem I-5 Development Land

      24.64 Acres, High-Traffic Location
      0 Kuebler Blvd, Salem, OR 97306
      View Details
    • $599,000
      5.37 Acres

      Salem Land with Valley Views

      5.37 acres of land with approved septic and valley views.
      3154 Kwonesum Ct S, Salem, OR 97306
      View Details
    • $3,990,000
      15,670 SF

      High-Traffic Retail Property For Sale

      Well-maintained retail property with pylon sign and ample parking.
      5245-5251 Commercial St SE, Salem, OR 97306
      View Details
    • $3,472,226
      2,333 SF

      Popeyes Restaurant in Salem, Oregon

      NNN leased Popeyes restaurant on a 1-acre lot.
      5503 Commercial St SE, Salem, OR 97306
      View Details
    • $179,000
      0.32 Acres

      Residential Lot with Golf Course Views

      Residential lot with utilities and golf course views in Salem.
      545 Sahalee Ct SE, Salem, OR 97306
      View Details
    • Contact for pricing

      Salem Warehouse with Parking Lot

      Warehouse with parking lot in prime industrial location.
      Salem, OR 97306
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      9,290 SF

      Salem Commercial Space for Lease

      High-visibility retail/office space available
      5765 Commercial St, Salem, OR 97306
      View Details
    • Contact for pricing
      2,788 SF

      Retail Space Near Commercial Street

      Retail space with private offices and onsite parking available for rent.
      5375-5399 Commercial St SE, Salem, OR 97306
      View Details
    • $28 SF/Yr
      1,352 SF

      Retail Space on Commercial Street

      Retail spaces available in 2025 on Commercial Street.
      5757 Commercial St SE, Salem, OR 97306
      View Details
    • $26 SF/Yr
      1,005 SF

      Salem Retail Space For Lease

      Retail space in prime location with high traffic counts.
      5765-5785 Commercial St SE, Salem, OR 97306
      View Details
    • Contact for pricing
      4,251 SF

      Retail Space in South Salem

      Prime corner retail location near major retail anchors.
      5005 Commercial St SE, Salem, OR 97306
      View Details
    • $28 SF/Yr
      84,480 SF

      Anthony's Corner Retail Space

      Salem, OR: Prime retail & office suites.
      5775 Commercial St, Salem, OR 97306
      View Details
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    5247 Commercial St
    Salem, OR 97306
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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
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