5070 Commercial SE St Salem, OR 97306-3573
Property Lookup
Property profile & analytics
5070 Commercial SE St Salem, OR 97306-3573
- Retail space
- 11,443 SF
- 0.97 lot acres
Property ID
US71-0409580
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
- CosmoProf / (Bike/Boat/Book/etc) Store / Cosmetic Store
- Solar Nails 2 / Nail Salon
- Applebee's Grill + Bar / Restaurant
Property Details for 5070 Commercial SE St
- Year built
- 2002
- Lot size
- 0.97 lot acres
- Property size
- 11,443 SF
- Zone code
- CR
- Property type
- Retail space
- APN
- 083W14BB01704
- APU
- 083W14BB01704
Description
Turnidge Corner, located at 5070 Commercial St SE in Salem, Oregon, presents a compelling opportunity for businesses seeking high-visibility retail or office space. This 32,500 square foot multi-tenant property, built in 2002 and renovated in 2018, sits on a 2.36-acre lot at the signalized intersection of Commercial Street and Kuebler Boulevard, boasting exceptional visibility and accessibility. Currently, 2,482 square feet of office space is available for lease. The property benefits from ample parking and excellent signage, making it highly attractive to potential customers. Its strategic location in South Salem places it within a thriving retail corridor, surrounded by established businesses including Applebee's, McDonald's, Dollar Tree, Sally's Beauty, and Miller's Paint Co., ensuring high foot traffic and brand recognition. The area's strong demographics, coupled with convenient access to I-5 and a large daytime population fueled by nearby industrial centers like Amazon, FedEx, and Home Depot Distribution Centers, create a robust market for this property. The property is zoned CR - Commercial Retail and is situated in Marion County, Oregon, zip code 97306. The landlord is highly motivated to lease the available space. This is an exceptional opportunity to establish a presence in a prime Salem location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,019,000
- AI Estimate
- $3,732,000
Market price range: $2.05M - $4.02MMarket price range: $866k - $3.73M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,820,000 Current use
- RESTAURANT
- $5,045,000 Change: +79% Conversion: Easy
- AUTO REPAIR, GARAGE
- $4,085,000 Change: +45% Conversion: Difficult
- MEDICAL BUILDING
- $3,870,000 Change: +37% Conversion: Difficult
- OFFICE BUILDING
- $3,175,000 Change: +13% Conversion: Easy
- COMMERCIAL (GENERAL)
- $3,000,000 Change: +6% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.029
- Latitude
- 44.8817
- 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
$48,607
$0.00
$0.00
$2,476,550
-
$974,890
$1,992,990
$2,967,880
