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Property profile & analytics
FOR LEASE
Investment properties

1310 12Th St SE Salem, OR 97302

9,318 SF 0.32 ac lot Built 1987
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US71-0983860
Property summary
AI-generated overview

This exceptional commercial property, located at 1310 12th St SE in Salem, Oregon, presents a unique investment opportunity. The property encompasses a total of 9,318 square feet of building space situated on a sizable 13,939 square foot lot. The building is configured to accommodate multiple tenants, with two spaces currently available, ranging from 1,432 to 3,794 square feet. The versatile space is suitable for a variety of retail uses, as well as warehouse/storage and office applications. Benefit from excellent visibility and signage opportunities due to its prime corner location at the intersection of 12th and Wilbur Streets SE, ensuring high traffic exposure. Access is convenient from both 12th and 13th Streets. This location boasts a strong tenant base, with neighboring businesses including U-Haul of South Salem, Judson's Plumbing, and Habitat for Humanity Restore, among others. The property is situated in Marion County, Oregon, and has a 97302 zip code. This is a rare chance to acquire a well-positioned commercial property in a thriving area of Salem. The property's size and location make it ideal for a variety of commercial ventures.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1987
Total area 9,318 SF
Lot 0.32 ac (13,939 SF)
Zoning code CG
APN 073W35BB09800
UPID US71-0983860
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Paka House Cannabis (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Western American Properties LLC · 2 yrs held
Western American Properties LLC
since 2023
Last sale
$900,000
7 recorded transactions
2023
$900,000
2007
Price N/A
2002
Price N/A
1995
$132,000
1995
$45,000
1987
$32,000
1969
Price N/A
Zoning & alternative use
CG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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