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Property profile & analytics

2440 Mcgilchrist SE St Salem, OR 97302-1117

  • Commercial real estate
  • 1,813 SF
  • 0.56 lot acres
OFF-MARKET
Last Sale
Jun 16, 2022
Value Estimations
$640,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US71-0287459
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

  • Oregon Auto Center / Car Dealership
  • Don Chuy's Tacos / Restaurant

Property Details for 2440 Mcgilchrist SE St

Year built
1994
Lot size
0.56 lot acres
Property size
1,813 SF
Zone code
IC
Property type
Commercial real estate
APN
073W35DA00800
APU
073W35DA00800

Description

This exceptional 1,813-square-foot executive office suite is ideally situated at 2440 McGilchrist St SE in Salem, Oregon, within Marion County (zip code 97302). Classified as a Class B property, this single-tenant space offers unparalleled convenience and visibility. The suite boasts approximately 1,000 square feet of office space located on the east side of the building, providing ample room for a variety of business needs. In addition to the generous office space, the property includes a significant amount of parking, with 35 spaces conveniently located at the east end of the property. Shared restrooms are available for the building's occupants. The location itself is a key advantage, offering excellent visibility at the corner of McGilchrist and 25th streets, ensuring high traffic and brand recognition. The property is currently entirely vacant, presenting a unique opportunity for immediate occupancy. The total building size is 1,813 square feet, matching the vacant space available. This property is perfect for businesses seeking a well-located, spacious, and readily available office solution in Salem, Oregon. The property's address is 2440 McGilchrist St SE, Salem, OR 97302.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $639,000
    Market price range: $91.3k - $639k
    AI Estimate
    $639,000
    Market price range: $91.3k - $639k
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $435,000
    Current use
    AUTO REPAIR, GARAGE
    $645,000
    Change: +48% Conversion: Difficult
    MEDICAL BUILDING
    $615,000
    Change: +40% Conversion: Easy
    OFFICE BUILDING
    $575,000
    Change: +32% Conversion: Easy
    RETAIL STORES
    $445,000
    Change: +2% Conversion: Easy
    WAREHOUSE, STORAGE
    $440,000
    Change: +1% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Salem
County
Marion
State
Oregon
Longitude
-123.011
Latitude
44.9164
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
$6,391
$0.00
$0.00
$333,680
-
$165,900
$167,780
$333,680
More about this property
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