Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Retail properties & Spaces

    5385 Commercial St, Salem, OR 97306

    7,792 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 5385 Commercial St SE, Salem, OR 97306, offers a versatile 970-square-foot retail space within a larger 7,792-square-foot building. The space is currently vacant and immediately available for lease. Ideal for a variety of retail businesses, the unit features three private offices, a front reception/waiting area, and provides a professional and efficient layout. Note that restroom facilities are shared with an adjacent tenant. The property is classified as Class B and sits on a substantial 24,829-square-foot lot, offering ample space and visibility. The building itself is comprised of a single suite, currently divided into the 970 SF space and another occupied space. The minimum divisible space is 970 square feet. Located near the intersection of Commercial St SE and Baxter St SE, this property benefits from excellent street visibility and accessibility. Lease terms are modified gross (MG), with the tenant responsible for electricity, gas, interior maintenance, and janitorial services. This presents a fantastic opportunity for a business seeking a well-located, move-in ready retail space in Salem, Oregon. The property's size and location make it an attractive option for a variety of retail uses.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 7,792 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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 5385 Commercial St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message