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    Property profile & analytics

    1505 12th SE St Salem, OR 97302

    • Retail space
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US71-0714958
    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

    • Retail space

    Property Details for 1505 12th SE St

    Lot size
    0.46 lot acres
    Zone code
    CG
    Property type
    Retail space
    APN
    073W34AD00100
    APU
    073W34AD00100

    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
    -123.031
    Latitude
    44.9227
    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
    $4,340
    $0.00
    $0.00
    $221,140
    -
    $273,360
    $39,210
    $312,570

    Comparable in this City

    • Value Estimation by Request
      6,538 SF

      2393 12th SE St

      RETAIL STORES (PERSONAL SERVICES) • 6,538 SF
      2393 12th SE St, Salem, OR 97302
      View Details
    • Value Estimation by Request
      13,642 SF

      1252 23rd SE St

      RETAIL STORES (PERSONAL SERVICES) • 13,642 SF
      1252 23rd SE St, Salem, OR 97302-1363
      View Details
    • Value Estimation by Request
      11,259 SF

      2990 Commercial SE St

      RETAIL STORES (PERSONAL SERVICES) • 11,259 SF
      2990 Commercial SE St, Salem, OR 97302-4597
      View Details
    • Value Estimation by Request
      7,102 SF

      2825 Commercial SE St

      RETAIL STORES (PERSONAL SERVICES) • 7,102 SF
      2825 Commercial SE St, Salem, OR 97302-4454
      View Details
    • Value Estimation by Request
      18,949 SF

      3800 Commercial SE St

      RETAIL STORES (PERSONAL SERVICES) • 18,949 SF
      3800 Commercial SE St, Salem, OR 97302-3835
      View Details
    • Value Estimation by Request
      9,000 SF

      3405 Commercial SE St

      RETAIL STORES (PERSONAL SERVICES) • 9,000 SF
      3405 Commercial SE St, Salem, OR 97302-3864
      View Details

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      Retail Showroom with Warehouse Space

      Single-story building featuring retail showroom and warehouse with upgrades.
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      South Salem Retail Opportunity

      High-traffic location with redevelopment potential in South Salem.
      2945 Liberty Rd S, Salem, OR 97302
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    • $550,000
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      Corner Lot Investment Opportunity

      Two-parcel corner lot with a long-term tenant in place.
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    Similar Nearby for Lease

    • $22 SF/Yr
      2,905 SF

      Retail Space in Salem Center

      Retail space available in shopping center anchored by Starbucks.
      3165 Commercial St SE, Salem, OR 97302
      View Details
    • $1.57 SF/Yr
      1,267 SF

      Downtown Salem Retail/Office Space

      1,267 SF retail or office space in downtown Salem.
      1018 Liberty St NE, Salem, OR 97302
      View Details
    • Contact for pricing
      2,150 SF

      Retail Space on Commercial Street

      Retail space available on high-traffic Commercial Street SE.
      2946 Commercial St SE, Salem, OR 97302
      View Details
    • $25 SF/Yr
      2,181 SF

      Retail Space in South Salem

      Retail spaces available in a multi-use development in South Salem.
      122 Hrubetz Rd SE, Salem, OR 97302
      View Details
    • $1.67 SF/Yr
      1,112 SF

      High-Visibility Storefront on Commercial Street

      Storefront with digital signage in a high-traffic location.
      3850 Commercial St SE, Salem, OR 97302
      View Details
    • $1.75 SF/Yr
      2,253 SF

      Retail Space on Commercial Street

      2,253 SF retail space with street exposure for rent.
      960 Commercial St SE, Salem, OR 97302
      View Details
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    1505 12th SE 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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