Commercial St Salem, OR 97302
This exceptional 2,722 square foot office building is ideally situated on Commercial Street SE in Salem, Oregon, boasting high visibility thanks to illuminated signage. The property sits on a 0.14-acre lot and offers convenient access with an ADA-compliant entrance and ample parking for eight vehicles. The interior features a welcoming lobby/reception area, multiple conference rooms perfect for meetings and presentations, and six to seven individual office spaces, providing flexibility for various business needs. The building is exceptionally well-maintained and presents a turn-key opportunity for a seamless transition. Recent upgrades include a new roof installed in 2017, front steps replaced in 2024, and a sewer line replacement completed in 2018. Furthermore, the main level and basement received new flooring in 2024. The updated air conditioning system ensures year-round comfort. This property represents a rare opportunity to acquire a move-in ready office building in a highly desirable Salem location. The asking price is $750,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.