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Property profile

2927 Broadway St NE Salem, OR 97303

FOR LEASE
Strip malls
Property ID
US71-0523780
28,645 SF 2.21 ac lot Built 2001
Last sale Dec 2004 · $4,453,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Chelsica Plaza, located at 2927 Broadway St NE, Salem, OR 97303, presents a fantastic retail opportunity. This single-story, Class B commercial building boasts a total of 28,645 square feet, divided into 30 suites. Currently, 1,357 square feet of retail space is available, ideal for a variety of businesses. The property sits on a 2.21-acre lot and is conveniently located near the intersection of Broadway St NE and Martin Luther King JR Blvd, offering excellent visibility and accessibility. …

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?
$81k
Tax billed · 2023
Assessed value$4.22M
Effective rate1.92%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
1,209,555.56%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CR
The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through th...
General categoryCOMMERCIAL
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office20.8
Law Firm19.9
Realty agency19.8

Location

2927 Broadway St NE Salem, OR 97303
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file 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

2 recorded sales · 16 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5001 Riv N, Keizer, OR 97303-5398 $13,595,243 Dec 2024 35,828 SF
3850 Riv N, Keizer, OR 97303-4866 $13,000,000 Sep 2024 No data
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
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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