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    Property profile & analytics

    4600 25Th Ave Salem, OR 97301

    • Office buildings
    • 236,632 SF
    • 24.45 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US71-0408480
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office of Administrative Hearing / State Government Office
    • George Fox University: Teaching & Education Programs / College
    • Salem Center / University / School
    • Oregon Employer Services Portal / Association / Organization
    • Cafe at CCBC / Cafe / American Restaurant

    Property Details for 4600 25Th Ave

    Year built
    1957
    Lot size
    24.45 lot acres
    Property size
    236,632 SF
    Zone code
    CO
    Property type
    Office buildings
    APN
    073W01D 01800
    APU
    073W01D01800

    Description

    This Class A, 233,358 square foot office building, located in Salem's desirable submarket, presents a unique investment opportunity. Originally built in 1957 and extensively renovated in 2007 (with a major upgrade in 2005), this single-story structure boasts a prime location with high visibility from I-5 and ample parking. The property sits on 24.45 acres and features a modern interior with a great room, updated corridors, skylights, and upgraded HVAC systems. Currently, two prominent suites are available for immediate occupancy: a 5,390 square foot suite and a larger 26,826 square foot suite (which is divisible). Full-service rents start at $1.75 per square foot, with attractive tenant improvement packages available for qualified tenants. The building is professionally managed with on-site engineers ensuring seamless operations. The property is zoned CO and has a Marion County APN of R244874. This exceptional property offers a blend of classic architecture and modern amenities, making it an ideal location for businesses seeking a prestigious and functional workspace in Salem, Oregon. The building's history as the original Northwest Regional Center for State Farm Mutual Insurance speaks to its quality and enduring appeal. Don't miss this chance to secure a prominent space in a highly sought-after location.

    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
    -122.997
    Latitude
    44.9865
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $643,246
    $0.00
    $0.00
    $32,773,710
    -
    $6,284,790
    $35,445,760
    $41,730,550

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    4600 25Th Ave
    Salem, OR 97301
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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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