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    Property profile & analytics

    1275 Wallace NW Rd Salem, OR 97304-3007

    • Medical offices
    • 17,659 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimation
    $710,000
    Location Intelligence
    Property ID
    US71-0689457
    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

    • West Salem Family Practice / Medical Clinic / Family Practice Physician
    • Dr. Heidi S. Thomas, MD / Internist
    • Bean Scott Dr / Family Practice Physician
    • Dr. Eugene Y. Yamaguchi, MD / Family Practice Physician
    • Johnson Karen D MD / Family Practice Physician

    Property Details for 1275 Wallace NW Rd

    Year built
    1993
    Lot size
    0.97 lot acres
    Property size
    17,659 SF
    Zone code
    CO
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    07322-BB-03300
    APU
    07322BB03300

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $835,000

    • CAP approach

      CAP return
      Estimation
      6%
      $630,000
      6.5%
      $655,000
      7%
      $580,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $620,000
      Geo Method
      $670,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $600,000
      Retail
      $530,000
      Mixed-Use
      $595,000
      Hospitality
      $635,000
      Educational
      $480,000
      Residential Income
      $620,000
      Energy
      $495,000
      Income-Based Land
      $540,000
      Food Service
      $615,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Polk
    State
    Oregon
    Longitude
    -123.054
    Latitude
    44.9531
    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
    $21,366
    $532,520
    $601,150
    $1,133,670
    -
    $1,307,850
    $454,020
    $1,761,870

    Comparable in this City

    • Value Estimation by Request
      46,090 SF

      1233 Edgewater NW St

      MEDICAL BUILDING • 46,090 SF
      1233 Edgewater NW St, Salem, OR 97304-4049
      View Details
    • Value Estimation by Request
      1,707 SF

      1215 Wallace NW Rd

      MEDICAL BUILDING • 1,707 SF
      1215 Wallace NW Rd, Salem, OR 97304-3007
      View Details
    • Value Estimation by Request
      17,659 SF

      1255 Wallace NW Rd

      MEDICAL BUILDING • 17,659 SF
      1255 Wallace NW Rd, Salem, OR 97304-3007
      View Details
    • Value Estimation by Request
      5,978 SF

      1060 2nd NW St

      MEDICAL BUILDING • 5,978 SF
      1060 2nd NW St, Salem, OR 97304-4002
      View Details
    • Value Estimation by Request
      3,346 SF

      1205 Wallace NW Rd

      MEDICAL BUILDING • 3,346 SF
      1205 Wallace NW Rd, Salem, OR 97304-3007
      View Details
    • Value Estimation by Request
      11,381 SF

      Salem, OR 97304

      MEDICAL BUILDING • 11,381 SF
      Salem, OR 97304
      View Details

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    Similar Nearby for Lease

    • $2.00 SF/Yr
      479 SF

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      Newly renovated office spaces for lease in West Salem.
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    • $2 SF/Yr
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      High-traffic medical office space available July 2025 in Salem.
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      View Details
    • $2 SF/Yr
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      Office suites available in multi-tenant building on Glen Creek.
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      View Details
    • $1.85 SF/Yr
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      New Construction Office Space Available

      1,177 SF office space for lease at $1.85/SF/Mo/NNN.
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    • $0.39 SF/Yr
      1,200 SF

      Salem Warehouse and Office Spaces

      ESMU zoned property offering warehouse and office spaces for rent.
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    • $1.00 SF/Yr
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      West Salem Office Space Available

      Remodeled office space in popular West Salem shopping destination.
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      View Details
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    1275 Wallace NW Rd
    Salem, OR 97304-3007
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    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
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