1245 Columbia StSalem, OR 97303
- Retail properties
- 3,555 SF
For Lease
$18/SF/YR
View listing
Property Details for 1245 Columbia St
- Year built
- 2010
- Lot size
- 0.53 AC
- Property size (Sq ft)
- 3,555 SF
- Zone code
- CG
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 073W14DC10300
- APU
- 073W14DC10300
Description
Heritage Plaza, located at 1245 Columbia St NE in Salem, Oregon (zip code 97301), offers a fantastic retail or office opportunity within a newer strip center. This property, situated in Marion County, comprises a 4,000 square foot building on a 0.53-acre lot. The building is currently divided into two suites, with one suite of 2,000 square feet immediately available for lease, starting November 15, 2022. This particular space boasts exceptional visibility from the street, thanks to large windows that flood the interior with natural light. The layout is highly adaptable
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $960,055
- 6.5%
- $886,205
- 7%
- $822,904
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,411,016
- Geo Method
- $1,725,247
-
Alternative Use
- Use
- Valuation
- Residential
- $747,547
- Hospitality
- $684,749
- Educational
- $569,703
- Medical
- $589,296
- Retail
- $886,205
1245 Columbia St, Salem, Oregon
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Location Insight
- City
- Salem
- County
- Marion
- State
- Oregon
- Latitude
- 44.959
- Longitude
- -123.017
- 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
$11,358
-
-
$578,690
-
$286,210
$383,230
$669,440
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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