Financial
Distress signals
Property profile

2720 Commercial St SE Salem, OR 97302

FOR LEASE
Medical Office Space
Property ID
US71-0310798
18,015 SF 0.73 ac lot Built 2000
Last sale Sep 2024 · $3,399,630
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Petra Plaza is a multi-tenant medical office building constructed in 2000 and renovated in 2010. The property is served with power through solar panels and is configured to provide multiple tenant suites, including one suite on the upper floor and one suite on the lower level. The building was designed for ADA accessibility and is fully elevator-served, with a usable, functional floor plan. Vehicular access is supported by easy ingress and egress and ample on-site parking, and the property is…

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.

Mortgages

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?
$34k
Tax billed · 2023
Assessed value$1.71M
Effective rate1.96%

Value estimate

· Sep 2026
$3.40M
$3.06M – $3.74M
AI approach$3.40M
CAP approach$3.71M
Submarket $/SF estimate$3.83M
NOI build-up
Gross scheduled income$360k
Vacancy & credit loss−$25k
Operating expenses−$134k
NOI · 8,043,240.00% cap applied$201k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$338/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$189 – $474

Cap rate analysis

How does the asset earn?
8,043,240.00%
$201k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CR
The purpose of the Commercial Retail (CR) 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: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service13.9
HVAC Service13.8
Wholesale Shop13.6

Location

2720 Commercial St SE Salem, OR 97302
County assessor Recorded deeds · 7 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
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2485 12th SE, Salem, OR 97302-2151 $7,000,000 Mar 2025 14,332 SF
2973 12th SE, Salem, OR 97302-3162 $5,370,000 Dec 2024 11,341 SF
2510 12th SE, Salem, OR 97302-2167 $1,435,000 Dec 2022 5,334 SF
180 Ramsgate S, Salem, OR 97302-5864 $1,350,000 Oct 2022 5,661 SF
1234 Commercial SE, Salem, OR 97302-4204 $2,400,000 Sep 2022 9,215 SF
1160 Liberty SE, Salem, OR 97302-4143 $1,830,000 Sep 2021 8,892 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
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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