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Property profile & analytics
OFF-MARKET
Office Spaces

Commercial St Salem, OR 97302

2,722 SF 0.14 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Total area 2,722 SF
Lot 0.14 ac (6,098 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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