The Historic Tiger Engine Co. No. 2 Fire House is a historic building constructed in the 1900s and remodeled to provide 4,573 square feet of interior space. It is zoned CB and lies within the Salem Downtown Historic District overlay zone. The ground floor is configured with street-level space suitable for retail or office use, and the second floor is arranged as two separate vacation rental units: one unit with one bedroom and one bathroom and a second unit with two bedrooms and one bathroom.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$4k

Tax billed · 2023

Assessed value$195k

Effective rate1.96%

Value estimate

· Nov 2026

$725k

$653k – $798k

Submarket $/SF estimate$724k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?

$283/SF

ZIP average, outlier-cleaned · 49 recorded sales of this use type

Observed band · Q1–Q3$105 – $440

Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

CHAPTER 524. - CB-CENTRAL BUSINESS DISTRICT Sec. 524.001. - Purpose. The purpose of the Central Business District (CB) Zone is to impleme...

General categoryCOMMERCIAL

JurisdictionMARION

Location intelligence

Which uses thrive at this corner?

Best fit: Auto Parts Store

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Auto Parts Store14.2

HVAC Service13.4

Electrical Service13.0

246 State St Salem, OR 97301-3444

County assessor Recorded deeds · 7 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby

Address Sale price Sold Size

379 State, Salem, OR 97301-3533 $650,000 Jan 2025 6,080 SF

156 Frnt St Nec-2, Salem, OR 97301-3479 $615,000 Dec 2021 2,435 SF

405 Ct NE, Salem, OR 97301-3639 $250,000 Sep 2021 5,698 SF

160 Liberty NE, Salem, OR 97301-3847 $5,650,000 Aug 2021 11,176 SF

135 19th SE, Salem, OR 97301-8884 $38,000 Apr 2021 2,145 SF

3882 State, Salem, OR 97301-5320 $194,750 Aug 2019 5,736 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$2,445,000

5,554 SF

156 Frnt St Nec-1

STORE/OFFICE (MIXED USE)

156 Frnt St Nec-1, Salem, OR 97301-3479

View Details
Value Estimation
$1,620,000

3,680 SF

696 Hawthorne NE Ave

OFFICE/RESIDENTIAL (MIXED USE)

696 Hawthorne NE Ave, Salem, OR 97301-4619

View Details
Value Estimation by Request
5,698 SF

405 Ct NE St

STORE/OFFICE (MIXED USE)

405 Ct NE St, Salem, OR 97301-3639

View Details
Value Estimation
$1,180,000

3,600 SF

1745 Salem Industrial NE Dr

OFFICE/RESIDENTIAL (MIXED USE)

1745 Salem Industrial NE Dr, Salem, OR 97301-0377

View Details
Value Estimation
$2,425,000

6,208 SF

183 High NE St

STORE/OFFICE (MIXED USE)

183 High NE St, Salem, OR 97301-3665

View Details
Value Estimation
$640,000

2,556 SF

2376 State St

OFFICE/RESIDENTIAL (MIXED USE)

2376 State St, Salem, OR 97301-4542

View Details

Similar Nearby for Sale

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Includes an industrial building, detached office, duplex, and house within a fully fenced commercial setting.

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Mixed-Use Property with Basement

MU-III zoning and prior bar use are relevant considerations when evaluating the property's next commercial use.

1486 Hawthorne Av NE, Salem, OR 97301

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Contact for pricing
9,299 SF

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Two-parcel commercial/industrial portfolio with showroom, office, and warehouse space.

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1,750 SF

Ground-Floor Mixed-Use Space

Retail or office space with separate front and rear areas, a remodeled bathroom, and on-site parking.

2041 State St, Salem, OR 97301

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New

$2,900,000

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Mixed-Use Commercial Building

Property supports retail, office, and medical uses at a signalized intersection.

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Three-Building Office Campus

Central Salem campus with flexible commercial space and mixed-use zoning near major civic and medical institutions.

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246 State St Salem, OR 97301

Property summary