Your AI Navigator in Commercial Real Estate
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
    Back to Search
    Property profile & analytics

    105 Liberty St Salem, OR 97301

    • Investment properties
    • 17,169 SF
    • 0.22 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US71-0509047
    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

    • The Freckled Bee / Children'S Store / Custom T-Shirt Store
    • the gray building / Historical Landmark
    • spillthebeansetc / Clothing Store

    Property Details for 105 Liberty St

    Year built
    1891
    Lot size
    0.22 lot acres
    Property size
    17,169 SF
    Zone code
    CB
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    073W27AB06300
    APU
    073W27AB06300

    Description

    The Gray Building, a Class A property at 105 Liberty St NE, Salem, OR 97301, offers exceptional office space in the heart of Salem's Central Business District. This historically significant building, constructed in 1891 and extensively renovated in 2018, boasts 16,784 total square feet across two stories. Currently, 5,705 square feet of space is available, divisible into units as small as 410 square feet and up to a contiguous 2,725 square feet. The building features one elevator and is conveniently located near the intersection of State and Liberty Streets, benefiting from high pedestrian traffic and proximity to vibrant restaurants. Its prime location within the Downtown Salem submarket and CBD zoning makes it an ideal location for businesses seeking a prestigious address. The building's mixed-use nature is evident with existing tenants including a restaurant, donut shop, financial planning firm, and photo studio. This presents a unique opportunity to join a thriving community within a beautifully restored historic landmark. The building's blend of historic charm and modern amenities provides a sophisticated and functional workspace.

    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
    -123.039
    Latitude
    44.9405
    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
    $13,594
    $0.00
    $0.00
    $692,630
    -
    $290,040
    $1,833,960
    $2,124,000

    Comparable in this City

    • Value Estimation by Request
      8,225 SF

      372 State St

      STORE/OFFICE (MIXED USE) • 8,225 SF
      372 State St, Salem, OR 97301-3532
      View Details
    • Value Estimation by Request
      6,396 SF

      241 State St

      STORE/OFFICE (MIXED USE) • 6,396 SF
      241 State St, Salem, OR 97301-3445
      View Details
    • Value Estimation by Request
      17,136 SF

      1018 Liberty NE St

      STORE/OFFICE (MIXED USE) • 17,136 SF
      1018 Liberty NE St, Salem, OR 97301-1044
      View Details
    • Value Estimation by Request
      24,420 SF

      210 Liberty SE St

      STORE/OFFICE (MIXED USE) • 24,420 SF
      210 Liberty SE St, Salem, OR 97301-3491
      View Details
    • Value Estimation by Request
      3,940 SF

      839 Liberty NE St

      STORE/OFFICE (MIXED USE) • 3,940 SF
      839 Liberty NE St, Salem, OR 97301-2451
      View Details
    • Value Estimation by Request
      5,302 SF

      179 Commercial NE St

      STORE/OFFICE (MIXED USE) • 5,302 SF
      179 Commercial NE St, Salem, OR 97301-3402
      View Details

    Similar Nearby for Sale

    • $700,000

      Renovated Retail Building Investment Opportunity

      Leased retail building near I-5 and downtown Salem.
      2390 Fairgrounds Rd, Salem, OR 97301
      View Details
    • $300,000
      7,570 SF

      Salem Restaurant - Turnkey Opportunity

      Established Hibachi & Sushi Restaurant in Busy Plaza
      3760 Center St, Salem, OR 97301
      View Details
    • $4,575,000
      38,450 SF

      Salem's Historic Grand Investment

      Mixed-use building, prime location.
      181 High St, Salem, OR 97301
      View Details
    • $5,025,000
      30,937 SF

      Historic Salem Mixed-Use Building

      Iconic Salem building, 30,937 sq ft, prime location.
      190 High St, Salem, OR 97301
      View Details
    • $4,200,000
      24,300 SF

      Historic Mixed-Use Bishop Building

      Restored 1894 building with apartments and retail spaces.
      145 Liberty St NE, Salem, OR 97301
      View Details
    • $2,950,000
      39,935 SF

      Salem Shopping Center Investment Opportunity

      Mixed-use retail & warehouse, 39,935 SF
      3545-3599 Portland Rd, Salem, OR 97301
      View Details

    Similar Nearby for Lease

    • $2,750,000
      568 SF

      Mixed-Use Property in Salem

      Versatile mixed-use property with retail, office, and warehouse space.
      3545 Portland Rd NE, Salem, OR 97301
      View Details
    • $21 SF/Yr
      10,307 SF

      Downtown Office Space Available

      Classic office building with modern updates.
      695 Commercial St, Salem, OR 97301
      View Details
    • $15 SF/Yr
      1,602 SF

      Downtown Salem Office Suites

      Hip industrial spaces, flexible lease terms.
      249 Liberty St, Salem, OR 97301
      View Details
    • $17 SF/Yr
      7,141 SF

      Capitol Tower Office Suites in Salem, OR

      Prime Salem Office Space: 6 Suites Available
      388 State St, Salem, OR 97301
      View Details
    • $22 SF/Yr
      30,488 SF

      Salem Office Building: Prime Location

      Class A Office Space, 2,915 sq ft Available
      698 12Th St, Salem, OR 97301
      View Details
    • $13 SF/Yr
      5,000 SF

      Prime Retail Space, Fairgrounds Rd NE

      5,000 SF Standalone Retail Building
      1695 Fairgrounds Rd, Salem, OR 97301
      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.
    105 Liberty St
    Salem, OR 97301
    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.