Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    1255 Lee St Salem, OR 97302

    • Office buildings
    • 23,729 SF
    • 1.20 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US71-0262079
    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

    • Oregon Home Team at Premiere Property Group, LLC / Real Estate Agent
    • Merrill Lynch Financial Advisor Bill Swancutt / Financial Planner / Financial Consultant
    • Merrill Lynch Wealth Management Advisor Lois Eckmann / Financial Planner / Financial Consultant
    • Merrill Lynch Financial Advisor George C Carter / Financial Consultant / Financial Planner
    • Merrill Lynch Financial Advisor Kristen Danek / Financial Consultant / Financial Planner

    Property Details for 1255 Lee St

    Year built
    2005
    Lot size
    1.20 lot acres
    Property size
    23,729 SF
    Zone code
    CO; CG
    Property type
    Office buildings
    APN
    073W26CC14100
    APU
    073W26CC14100

    Description

    This exceptional 3,278 square foot creative office space is situated in a desirable Salem, Oregon location at 1255 Lee Street SE, on the corner of 12th and Lee Streets. Built in 2005, this single-tenant space within a larger building (totaling 23,729 square feet) is zoned for commercial office use and offers a fantastic layout ideal for a variety of professional businesses. The space boasts high ceilings and a well-designed configuration including three executive offices, five private offices, and ample open workspace to accommodate a growing team. A convenient break room is included, along with shared restrooms with a neighboring tenant. The building features a spacious common lobby and waiting area at the main entrance, providing a professional and welcoming atmosphere for clients and employees. This property is located in Marion County, Oregon, with easy access to major transportation routes and amenities. The property is ready for immediate occupancy. The address is 1255 Lee St SE, Salem, OR 97302.

    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
    -123.03
    Latitude
    44.9292
    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
    $73,339
    $0.00
    $0.00
    $3,736,680
    -
    $719,820
    $4,902,890
    $5,622,710

    Comparable in this City

    • Value Estimation by Request
      0.45 Acres

      Salem, OR 97302

      OFFICE BUILDING • 0.45 Acres
      Salem, OR 97302
      View Details
    • Value Estimation by Request
      13,812 SF

      1153 Royvonne SE Ave

      OFFICE BUILDING • 13,812 SF
      1153 Royvonne SE Ave, Salem, OR 97302
      View Details
    • Value Estimation by Request
      2,046 SF

      1190 Fairview SE Ave

      OFFICE BUILDING • 2,046 SF
      1190 Fairview SE Ave, Salem, OR 97302-3133
      View Details
    • Value Estimation by Request
      17,411 SF

      3831 Fairview Industrial SE Dr

      OFFICE BUILDING • 17,411 SF
      3831 Fairview Industrial SE Dr, Salem, OR 97302-1170
      View Details
    • Value Estimation by Request
      17,411 SF

      3871 Fairview Industrial SE Dr

      OFFICE BUILDING • 17,411 SF
      3871 Fairview Industrial SE Dr, Salem, OR 97302-1180
      View Details
    • Value Estimation by Request
      948 SF

      360 Myers SE St

      OFFICE BUILDING • 948 SF
      360 Myers SE St, Salem, OR 97302-4353
      View Details

    Similar Nearby for Sale

    • $2,250,000
      6,540 SF

      Class A Office Building

      Class A office building with professional office suites available for sale.
      3155 River Rd S, Salem, OR 97302
      View Details
    • $2,200,000
      18,535 SF

      Two-Story Office Building For Sale

      Two-story office building with prominent signage and ample parking.
      1730 Commercial St SE, Salem, OR 97302
      View Details
    • $1,525,000
      9,170 SF

      Salem Office Building for Sale

      Office building with 45 parking spaces in Salem, Oregon.
      810-850 Commercial St SE, Salem, OR 97302
      View Details
    • $625,000
      1,985 SF

      Two-Story Office Building For Sale

      Two-story office building with high visibility and commuter traffic.
      1415 Liberty St SE, Salem, OR 97302
      View Details
    • New
      $719,900
      2,754 SF

      Salem Office Building with Apartment

      Two-story office building with studio apartment in South Salem.
      1705 Commercial St SE, Salem, OR 97302
      View Details
    • $985,000
      3,228 SF

      Charming Converted Office in Salem

      Well-maintained 1908 house converted into office space.
      991 Liberty St SE, Salem, OR 97302
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      3,612 SF

      Salem Retail Building with Drive-Thru

      High-Visibility Retail Space, Excellent Location
      2710 Commercial St, Salem, OR 97302
      View Details
    • $1.45 SF/Yr
      2,135 SF

      Remodeled Two-Story Office Building

      Newly remodeled office building with dedicated parking in Salem, Oregon.
      345 Lincoln St S, Salem, OR 97302
      View Details
    • $1.55 SF/Yr
      4,404 SF

      Charming Stand-Alone Office Building

      High-visibility office space with ample parking and prominent signage.
      4741 Liberty Rd S, Salem, OR 97302
      View Details
    • $27 SF/Yr
      22,024 SF

      Prime Commercial Office Building

      Modern office building in Salem with ample parking.
      2925 River Rd S, Salem, OR 97302
      View Details
    • $1.80 SF/Yr
      2,773 SF

      Updated Creekside Office Space

      Two-story office with creek views, updated in 2019.
      4160 Commercial St SE, Salem, OR 97302
      View Details
    • $2.00 SF/Yr
      10,552 SF

      South Salem Office First Floor

      First-floor office suite in South Salem with conference room.
      1781 Liberty St SE, Salem, OR 97302
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1255 Lee St
    Salem, OR 97302
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.