2720 Commercial St SE Salem, OR 97302
Property Lookup
Property profile & analytics
2720 Commercial St SE Salem, OR 97302
- Medical Office Space
- 18,015 SF
- 0.73 lot acres
Property ID
US71-0310798
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.
Location Intelligence
Current Use by Public Records
- John Cooper Girod / Physician
- John Girod, MD / Physician
- Shaw E David MD / Physician
- Campbell Daniel J DPM / Physician
- Cascade Infectious Dis And Infusn / Medical Clinic
Property Details for 2720 Commercial St SE
- Year built
- 2000
- Lot size
- 0.73 lot acres
- Property size
- 18,015 SF
- Zone code
- CR
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 073W34CD01900
- APU
- 073W34CD01900
Description
Located at 2720 Commercial St SE, Salem, OR 97302, this exceptional Class A medical office building, Petra Plaza, offers 15,015 square feet of space in a prime location along a highly coveted commercial corridor. Built in 2000 and renovated in 2010, the two-story building features two suites, with one vacant suite available on each floor, ranging from 2,944 to 3,942 contiguous square feet. The property boasts modern construction, abundant parking, and easy ingress and egress. Fully ADA compliant and elevator-served, the building offers a highly usable floor plan, attracting both medical and conventional office users. The building is primarily powered by solar panels, appealing to environmentally conscious tenants. Current tenants include a national oncology clinic and a local IT firm. Leases are offered as full-service, base year. The 0.78-acre property is zoned MU-I and has a convenient location, served by Cherriots route 21 and surrounded by numerous amenities. The building's cross street is Waldo. The APN is 585442. This is a rare opportunity to secure high-quality medical office space in a thriving Salem, Oregon market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,400,000
- ML approach
- $3,400,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,020,000
- 6.5%
- $3,710,000
- 7%
- $3,445,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,828,000
- AI Estimate
- $3,114,000
Market price range: $3.40M - $8.53MMarket price range: $2.21M - $7.97M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.045
- Latitude
- 44.9143
- 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
$33,609
$0.00
$0.00
$1,712,370
-
$613,570
$2,142,120
$2,755,690
