Contact for pricing 1,900 SF available

4045 State St, Salem, OR 97301
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Located at 4045 State St, Salem, OR, this property includes a 1,900 SF commercial building constructed in 2018 with a modern design. The space is configured to support retail uses or vehicle-related ventures and is zoned for commercial retail (CR). The building’s location along State St provides street access and visibility within the commercial area.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?

$3k

Tax billed · 2023

Assessed value$198k

Effective rate1.62%

Value estimate

· Oct 2026

$135k

$122k – $149k

NOI build-up

Gross scheduled income$27k

Vacancy & credit loss−$1k

Operating expenses−$8k

NOI · 363.88% cap applied$18k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$357/SF

County average, outlier-cleaned · 20 recorded sales of this use type

Observed band · Q1–Q3$153 – $485

Cap rate analysis

How does the asset earn?

363.88%

$18k 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?

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: Realty agency

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Realty agency37.3

Law Firm28.6

Building Supply26.7

4045 State St Salem, OR 97301

County assessor Recorded deeds · 8 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

6 recorded sales · 18 properties nearby

Address Sale price Sold Size

280 Pne NE, Salem, OR 97301-0729 $1,240,000 Apr 2025 920 SF

4180 Portland NE, Salem, OR 97301-6700 $1,650,000 Feb 2025 1,134 SF

2710 Broadway NE, Salem, OR 97301-0993 $100,000 May 2024 1,344 SF

2095 Fairgrounds NE, Salem, OR 97301-0604 $290,000 Jan 2022 2,002 SF

3170 Market NE, Salem, OR 97301-1813 $250,000 Sep 2021 1,104 SF

2121 Fairgrounds NE, Salem, OR 97301-0605 $250,000 Mar 2021 977 SF

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

Value Estimation
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Value Estimation
$1,240,000

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280 Pne NE St

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280 Pne NE St, Salem, OR 97301-0729

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Value Estimation
$385,000

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299 Lancaster NE Dr

VEHICLE SALES, RENTALS

299 Lancaster NE Dr, Salem, OR 97301-5155

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4045 State St Salem, OR 97301

Property summary