Technical
Financial
Distress signals
Property profile

645 9th NW St 105 Salem, OR 97304

OFF-MARKET
Retail space
Property ID
US71-0712982
16,793 SF 1.79 ac lot Built 2018
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2018
Total area 16,793 SF
Lot 1.79 ac (77,972 SF)
Zoning code IP
APN 07321-AD-07100
UPID US71-0712982

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Medical Clinic
  • Loan Service Bank
  • Dental Office
  • Skin Care Clinic

Location

645 9th NW St, Unit 105 Salem, OR 97304-3299
Salem metro Census 5203 SALEM, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.11M
Comparable Approach Comparable
$3.16M
Blend (final) Blend
$3.30M

Owner & transaction history

since 2024
5 recorded transactions
2024
$8.9M
2021
Price N/A
2018
$2.0M
1989
$250,000
1969
Price N/A

Zoning & alternative use

IP · Salem, OR
Zoning description

Industrial and Employment Zone: EC, IC, IBC, and IP Buildings and accessory structures Min. 5 ft. Type A Vehicle use areas Industrial and Employment Zone: IG Buildings and accessory structures Min 10 ft. Type C Vehicle u…

General category INDUSTRIAL
Top alternative use upside
Office building $4.7M +12.7%
Commercial (general) $4.4M +6.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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