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Property profile & analytics

645 9th NW St, Unit 105 Salem, OR 97304-3299

  • Retail space
  • 16,793 SF
  • 1.79 lot acres
OFF-MARKET
Last Sale
Sep 04, 2024
Value Estimations
$3,300,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US71-0712982
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.

Current Use by Public Records

  • Gentle Dental West Salem / Dental Office
  • DaVita Glen Creek Dialysis / Medical Clinic
  • Sasia Schumacher, Mortgage Loan Officer at OnPoint Mortgage - NMLS #628363 / Loan Service / Bank
  • Rachel Means / Dental Office
  • Milan Laser Hair Removal / Skin Care Clinic

Property Details for 645 9th NW St

Year built
2018
Lot size
1.79 lot acres
Property size
16,793 SF
Zone code
IP
Property type
Retail space
APN
07321-AD-07100
APU
07321AD07100

Description

This exceptional retail space, located at 645 9th Street NW in Salem, Oregon, presents a fantastic opportunity for a discerning business. The property, known as The Pointe at Glen Creek, is a single-suite commercial building totaling 3,263 square feet, with 1,605 square feet currently available for lease. Situated in Polk County, this property offers high visibility and accessibility in a thriving commercial area. The address is conveniently located at 645 9th Street NW, Salem, OR 97304. The space is ideal for a variety of retail uses, offering ample room for showcasing products and providing excellent customer service. The building's design and layout are conducive to a comfortable and efficient retail operation. The property's location within Salem provides easy access to major transportation routes, ensuring convenient access for both customers and employees. This is a rare opportunity to secure a well-positioned retail space in a desirable area of Salem. The available space is ready for immediate occupancy, allowing for a quick start to your business operations. Interested parties are encouraged to inquire promptly to secure this exceptional retail opportunity. The property is classified as retail commercial with multiple tenancy.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $3,370,000
    6.5%
    $3,110,000
    7%
    $2,885,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $3,162,000
    Market price range: $1.24M - $3.16M
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $4,135,000
    Current use
    OFFICE BUILDING
    $4,660,000
    Change: +13% Conversion: Easy
    COMMERCIAL (GENERAL)
    $4,405,000
    Change: +6% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Salem
County
Polk
State
Oregon
Longitude
-123.053
Latitude
44.9497
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
$62,745
$1,103,670
$3,000,850
$4,104,520
-
$1,917,180
$4,509,710
$6,426,890
More about this property
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