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    Property profile & analytics
    OFF-MARKET Estimated value $6,815,000
    Office buildings

    200 High SE St, Salem, OR 97301

    45,666 SF 0.57 ac lot Built 1964
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US71-0498517
    Property summary
    AI-generated overview

    This exceptional two-story executive office building, located at 200 High St SE in Salem, Oregon's central business district, offers high visibility and convenient access. The Kenneth Holmes Building boasts a total of 13,568 square feet, encompassing seven individual suites. Currently, there is 7,196 square feet of vacant space available, divisible into units ranging from a minimum of 660 square feet to a maximum contiguous space of 3,873 square feet. The building is zoned CB and situated in Marion County, Oregon (zip code 97301). Secure upper-level private parking is provided for tenants. This prime location at the corner of High Street and Ferry Street offers excellent exposure and accessibility for businesses seeking a prestigious address in Salem's thriving downtown core. The building's multiple suite options cater to a variety of business needs, from small startups to established companies requiring larger spaces. Interested parties are encouraged to inquire about available suite sizes and lease terms. This is a rare opportunity to secure high-quality office space in a desirable location.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1964
    Total area 45,666 SF
    Lot 0.57 ac (24,829 SF)
    Zoning code CB
    APN 073W27AB01900
    UPID US71-0498517
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $6.82M
    Blend (final) Blend
    $6.82M
    Owner & transaction history
    Kerley Commercial LLC · 6 yrs held
    Kerley Commercial LLC
    since 2019
    6 recorded transactions
    2019
    2006
    $1.4M
    1986
    $864,000
    1969
    1969
    1969
    Zoning & alternative use
    CB · Salem, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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