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Financial
Distress signals
Property profile

4450 Commercial St SE Salem, OR 97302

FOR LEASE
Strip malls
Property ID
US71-0342959
53,062 SF 2.84 ac lot Built 1982
Last sale Nov 2010 · $2,800,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon
4450 Commercial St SE, Salem, OR 97302 For Lease
Contact for pricing 1,300 SF available
4450 Commercial St SE, Salem, OR 97302
View Listing

Property summary

AI-generated overview

The Hilfiker Shopping Center is a retail shopping center anchored by a Trader Joe’s store, offering space configured for retail use. The center has street visibility and is located along a roadway with reported traffic volume of more than 44,000 vehicles per day. The property is situated approximately 5 minutes from the airport and about 10 minutes from Creekside Golf Course.

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?
$118k
Tax billed · 2023
Assessed value$6.00M
Effective rate1.96%

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm36.3
Building Supply35.5
Dental Office34.7

Location

4450 Commercial St SE Salem, OR 97302
County assessor Recorded deeds · 4 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

1 recorded sale · 17 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
2460 Msn SE, Salem, OR 97302-1119 $460,000 May 2022 116,336 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
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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Saved
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