This property consists of office units located at 454 17th St NE in Salem, Oregon. The building configuration includes parking options and an interior layout designed for office use. The property is designated under MU-I zoning, reflecting the recorded land-use classification for the site.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?

$11k

Tax billed · 2023

Assessed value$558k

Effective rate1.96%

Value estimate

· Oct 2026

$1.04M

$936k – $1.14M

Submarket $/SF estimate$1.21M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$257/SF

ZIP average, outlier-cleaned · 56 recorded sales of this use type

Observed band · Q1–Q3$149 – $374

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

The purpose of the Commercial Office (CO) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through th...

General categoryCOMMERCIAL

JurisdictionMARION

Location intelligence

Which uses thrive at this corner?

Best fit: Food Market

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Food Market10.4

Dry Cleaner10.0

Grocery Store9.9

454 17th NE St Salem, OR 97301-4223

County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby

Address Sale price Sold Size

660 High NE, Salem, OR 97301-2438 $850,000 Nov 2025 4,148 SF

735 Commercial SE, Salem, OR 97301-3433 $925,000 Jul 2024 3,589 SF

1311 Lancaster NE, Salem, OR 97301-1907 $1,300,000 Sep 2022 5,807 SF

1462 Commercial NE, Salem, OR 97301-6404 $800,000 Aug 2022 3,474 SF

1390 Capitol NE, Salem, OR 97301-7849 $639,813 Aug 2022 3,254 SF

694 High NE, Salem, OR 97301-2438 $570,000 Jul 2022 4,680 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$1,470,000

5,712 SF

205 Chemeketa NE St

OFFICE BUILDING

205 Chemeketa NE St, Salem, OR 97301-3440

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Value Estimation
$1,255,000

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659 Cottage NE St

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659 Cottage NE St, Salem, OR 97301-2419

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Value Estimation
$1,180,000

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1375 Frnt NE St

OFFICE BUILDING

1375 Frnt NE St, Salem, OR 97301-6409

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Value Estimation
$965,000

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694 Church NE St

OFFICE BUILDING

694 Church NE St, Salem, OR 97301-2401

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Value Estimation
$3,445,000

11,362 SF

235 Un NE St

OFFICE BUILDING

235 Un NE St, Salem, OR 97301-1054

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Value Estimation
$645,000

2,418 SF

2245 Commercial NE St

OFFICE BUILDING

2245 Commercial NE St, Salem, OR 97301-0715

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Similar Nearby for Sale

Contact for pricing
4,464 SF

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Similar Nearby for Lease

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5,750 sqft

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New

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Professional office space with shared amenities and nearby client parking in central Salem.

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New

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Class A Office Space Available

Flexible, high-quality Class A space in Salem's premier campus.

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Contact for pricing
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Planned general office development with a build-to-suit configuration and proposed parking for both sites.

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Professional Office Building Near Capitol

Conveniently located office building near Oregon State Capitol.

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454 17th NE St Salem, OR 97301

Property summary