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    Property profile & analytics

    1310 12Th St Salem, OR 97302

    • Investment properties
    • 9,318 SF
    • 0.32 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    $1,000,000
    Last Sale
    Dec 15, 2023
    $900,000
    Location Intelligence
    Property ID
    US71-0983860
    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

    • Paka House Cannabis / Cannabis Store

    Property Details for 1310 12Th St

    Year built
    1987
    Lot size
    0.32 lot acres
    Property size
    9,318 SF
    Zone code
    CG
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    073W35BB09800
    APU
    073W35BB09800

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,015,000

    • CAP approach

      CAP return
      Estimation
      6%
      $810,000
      6.5%
      $935,000
      7%
      $900,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $980,000
      Geo Method
      $935,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $770,000
      Retail
      $845,000
      Mixed-Use
      $930,000
      Hospitality
      $735,000
      Educational
      $835,000
      Residential Income
      $935,000
      Energy
      $1,015,000
      Income-Based Land
      $900,000
      Food Service
      $820,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.03
    Latitude
    44.9246
    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
    $13,549
    $0.00
    $0.00
    $690,310
    -
    $192,500
    $757,530
    $950,030

    Comparable in this City

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      1300 Cross SE St

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      2,400 SF

      2500 Blk 22nd SE St

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    • Value Estimation by Request
      0.21 Acres

      Salem, OR 97302

      OFFICE/RESIDENTIAL (MIXED USE) • 0.21 Acres
      Salem, OR 97302
      View Details
    • Value Estimation by Request
      480 SF

      2190 Mcgilchrist SE St

      OFFICE/RESIDENTIAL (MIXED USE) • 480 SF
      2190 Mcgilchrist SE St, Salem, OR 97302
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    Similar Nearby for Lease

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    1310 12Th St
    Salem, OR 97302
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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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