Property profile & analytics
2767 22Nd St SE Salem, OR 97302
- Warehouses
- 20,630 SF
- 2.84 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US71-0582890
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
- Department of Corrections Health Services / Corporate Office
Property Details for 2767 22Nd St SE
- Year built
- 1977
- Lot size
- 2.84 lot acres
- Property size
- 20,630 SF
- Zone code
- IG
- Property type
- Warehouses
- APN
- 073W35DC00400
- APU
- 073W35DC00400
Description
This exceptional single-tenant executive office building in Salem, Oregon, offers up to 9,492 square feet of first-floor space, ideal for a variety of businesses. Located at 2767 22nd St SE, 97302, in Marion County, this property sits on a 1.43-acre lot and boasts a prime location within an established industrial commercial corridor. Built in 1977, the single-story building is zoned IG (Industrial General) and is readily divisible. The current configuration includes at least fifteen private offices, four conference rooms, a break room, four restrooms, a kitchen, and a welcoming lobby. The space is highly adaptable, allowing for a minimum lease of 882 square feet with a private exterior entrance for each suite, providing flexibility for various business needs and sizes. The asking rate is $1.20 per square foot per month, NNN. This presents a unique opportunity to secure a well-appointed, adaptable office space in a desirable Salem location. The property's size, layout, and location make it an attractive option for businesses seeking a functional and prestigious office environment. The existing infrastructure and amenities provide immediate occupancy, minimizing upfront investment and maximizing operational efficiency. This is a rare opportunity to acquire a substantial and versatile office space in a thriving commercial area.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,074,000
- AI Estimate
- $7,074,000
Market price range: $2.41M - $7.07MMarket price range: $2.41M - $7.07M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $5,005,000 Current use
- RESTAURANT
- $9,095,000 Change: +82% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $7,365,000 Change: +47% Conversion: Easy
- MEDICAL BUILDING
- $6,975,000 Change: +39% Conversion: Difficult
- OFFICE BUILDING
- $6,550,000 Change: +31% Conversion: Difficult
- RETAIL STORES
- $5,080,000 Change: +2% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $4,965,000 Change: -1% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.018
- Latitude
- 44.9137
- 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
$35,614
$0.00
$0.00
$1,814,550
-
$389,690
$2,108,670
$2,498,360
