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Property profile & analytics
OFF-MARKET Estimated value $5,165,000
Office buildings

2521 Boone SE Rd Salem, OR 97306-9391

14,760 SF 1.55 ac lot Built 2013
Entity Owned 21-yr Hold Absentee Owner Free & Clear
Property ID
US71-1551091
Property summary
AI-generated overview

This exceptional Class A office/medical building, Kuebler Gateway, offers a 3,516 square foot suite in a prime South Salem location. Situated on 1.67 acres at 2521 Boone Rd SE, Salem, OR 97306, this single-story building boasts 14,820 total square feet and features four suites. The available space is immediately ready for occupancy, having recently undergone a $150,000 renovation. Improvements include two new 5-ton HVAC units with power and thermostats, fully framed and furred perimeter walls, fresh paint throughout, and upgraded entryway features such as exposed ceilings with suspended acoustical clouds and dimmable pendant lighting. Modern carpet planks with rubber base are installed, and the space includes a 200-amp, 120/208-volt service panel and pendant lighting in the open areas. The building enjoys exceptional visibility on Kuebler Blvd, a major east-west commuter route with approximately 30,000 vehicles passing daily, providing premium drive-by exposure. This Costco-anchored mixed-use development is already home to established businesses such as Salem Clinic, Salem Audiology, Valley View Dermatology, and PT Northwest, creating a thriving and desirable business environment. The zoning is CO. The property is easily accessible from Interstate 5.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2013
Total area 14,760 SF
Lot 1.55 ac (67,518 SF)
Zoning code CO; CR
APN 083W11D 02900
UPID US71-1551091
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
Current use
Occupant on record · Public records
  • PT Northwest Medical Clinic
  • Salem Audiology Clinic Hearing Aid Store Audiologist
  • Costco Grocery & Convenience Store Food Market
  • Valley View Dermatology South Salem Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.35M
Blend (final) Blend
$5.17M
Owner & transaction history
M & T PARTNERS INC
M & T PARTNERS INC
Zoning & alternative use
CO; CR · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Restaurant $6.5M +58.8%
Auto repair, garage $5.3M +28.6%
Medical building $5.0M +21.8%
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