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    1241 State St Salem, OR 97301
    Property profile & analytics

    1241 State St, Salem, OR 97301

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    • Office buildings
    • 31,398 SF
    • 0.16 lot acres
    Sophisticated Office Space in Salem For Lease
    $24 SF/Yr
    6,118 SF

    Sophisticated Office Space in Salem

    Premier office space in Salem's business and government hub.

    1241 State St, Salem, OR
    View Listing
    Property ID
    US71-1005573
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oregon Magistrate Division / State Government Office
    • Mining Crypto Store / Electronics & Wireless Store
    • Oregon Tax Court / State Government Office

    Property Details for 1241 State St

    Year built
    1997
    Lot size
    0.16 lot acres
    Zone code
    MUI
    Property type
    Office buildings
    APN
    073W26BC00200
    APU
    073W26BC00200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 22, 2022 — Robertson Building Salem LLC — Deed · related $11.2M · Pacific Premier Bank
    Nov 30, 2018 — Robertson State Street LLC — Deed · related $11.6M · Opus Bk
    May 15, 2007 $2,253,091 Owner Name Unavailable Robertson Acquisitions LLC Warranty Deed · related —
    Dec 1, 2006 — Robertson Investments LLC — Trustees Deed · related $880k · Marion & Polk Schools Cu
    Sep 29, 2006 — Sides Foundation LLC R/s Dev LLC Grant Deed · related —
    Jun 30, 1995 $300,000 R/s Development LLC Bednarz Trust Grant Deed $285k · Equity Advantage
    — — Robertson State Street LLC — Deed Of Trust · related $11.6M · Opus Bk
    — — R/s Development LLC — Deed Of Trust · related $2.8M · West Coast Life Insurance Co
    — — Development LLC — Deed Of Trust · related $2.6M · First Security Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,536,000
      Market price range: $4.69M - $11.7M
      AI Estimate
      $11,536,000
      Market price range: $4.69M - $11.7M
    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $8,080,000
      Current use
      RESTAURANT
      $13,840,000
      Change: +71% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $11,210,000
      Change: +39% Conversion: Difficult
      MEDICAL BUILDING
      $10,610,000
      Change: +31% Conversion: Easy
      COMMERCIAL (GENERAL)
      $8,885,000
      Change: +10% Conversion: Easy
      RETAIL STORES
      $7,735,000
      Change: -4% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.026
    Latitude
    44.9371
    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
    $104,669
    $0.00
    $0.00
    $5,332,950
    -
    $203,550
    $7,334,620
    $7,538,170
    View Listing
    More about this property
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