Property profile & analytics
180 Ramsgate S Sq Salem, OR 97302-5864
- Medical Office Space
- 5,661 SF
- 0.39 lot acres
OFF-MARKET
Last Sale
Oct 03, 2022
Oct 03, 2022
$1,350,000
Value Estimations
$1,690,000
Show details
Cap Rate Potential
3.4%
Medical Office Space
Location Intelligence
Property ID
US71-0623215
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
- Dr. Mark T. Gabr, MD / Physician
- Nana Yatskina LMT / Alternative Medicine Practice / Spa & Massage Center
- Healing Ground Massage / Alternative Medicine Practice / Spa & Massage Center
- Salem Midwife Collective / Midwife
- Functional Wellness & Aesthetics / Spa & Massage Center / Alternative Medicine Practice
Property Details for 180 Ramsgate S Sq
- Year built
- 1998
- Lot size
- 0.39 lot acres
- Property size
- 5,661 SF
- Zone code
- CR
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 083W03CB01500
- APU
- 083W03CB01500
Description
This exceptional 5,661 square foot medical office building in Marion County is situated on a 0.39-acre lot. The property features a single suite currently available for lease, offering a turnkey solution for medical professionals. Previously occupied by Willamette Sleep Center, the building boasts eight private rooms, each equipped with ADA-compliant restrooms including showers and individual climate control. Four additional private offices provide ample space for administrative staff or specialized services. Three exam rooms with water hookups ensure efficient patient care, while a large reception area with extensive file storage maintains organization. A dedicated sterilization room with water access, nurses' station, and break room enhance functionality. The property also includes abundant on-site parking, adding convenience for both staff and patients. The building's design and features make it ideal for a variety of medical practices seeking a well-appointed and functional space. The multiple tenancy allows for flexibility and potential for expansion. This is a rare opportunity to acquire a move-in ready medical office building in a desirable location. The property is classified as both Office and Land, offering potential for future development or expansion.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,265,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,265,000
- 6.5%
- $1,165,000
- 7%
- $1,085,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,208,000
- AI Estimate
- $1,796,000
Market price range: $1.07M - $2.68MMarket price range: $695k - $2.50M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,915,000 Current use
- RESTAURANT
- $2,495,000 Change: +30% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,020,000 Change: +6% Conversion: Difficult
- OFFICE BUILDING
- $1,795,000 Change: -6% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.05
- Latitude
- 44.9032
- 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
$19,389
$0.00
$0.00
$987,880
-
$212,350
$858,850
$1,071,200
