3300 Market NE St Salem, OR 97301-1817
Property profile & analytics
3300 Market NE St Salem, OR 97301-1817
- Retail space
- 4,470 SF
- 0.39 lot acres
Property ID
US71-0461743
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
- Red's Barber Shop / Barber Shop
- BB Foot Reflexology and Body Massage / Alternative Medicine Practice / Spa & Massage Center
- Sweet Cake Supplies / (Bike/Boat/Book/etc) Store
- Adriana’s Beauty Salón & Barbershop / Barber Shop
- Club Vida by Wendy / Gym & Fitness Center
Property Details for 3300 Market NE St
- Year built
- 1978
- Lot size
- 0.39 lot acres
- Property size
- 4,470 SF
- Zone code
- CR
- Property type
- Retail space
- APN
- 073W24AD01201
- APU
- 073W24AD01201
Description
Osborn Plaza, located at 3300 Market St NE, Salem, Oregon 97301, presents a compelling investment opportunity in a thriving retail environment. This Class C shopping center, totaling 4,470 square feet on a 0.39-acre lot, offers nine suites with various sizes available for lease. Currently, 653 square feet are vacant, providing immediate occupancy potential. The property underwent renovations in 2024, ensuring modern amenities for tenants. The minimum divisible space is 653 square feet, while larger spaces are also available, ranging from approximately 539 to 810 square feet. One available suite features a private restroom and includes a private office, storage area, and open retail space. The property is zoned CR and enjoys convenient access via Hawthorne Ave. The Net Net Net (NNN) lease rate is $0.66 per square foot per month, and tenant improvements are negotiable. This is an exceptional opportunity to secure retail space in a well-located Salem center. The property's multiple suite configuration offers flexibility for various retail businesses. Don't miss this chance to establish your presence in this vibrant commercial area.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,175,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $895,000
- 6.5%
- $830,000
- 7%
- $770,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,171,000
- AI Estimate
- $933,000
Market price range: $799k - $1.57MMarket price range: $338k - $1.46M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,100,000 Current use
- MEDICAL BUILDING
- $1,510,000 Change: +37% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,265,000 Change: +15% Conversion: Easy
- OFFICE BUILDING
- $1,150,000 Change: +4% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -122.994
- Latitude
- 44.9498
- 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
$10,387
$0.00
$0.00
$529,230
-
$271,810
$429,760
$701,570
