695 Commercial SE St Salem, OR 97301-3431
Property profile & analytics
695 Commercial SE St Salem, OR 97301-3431
- Office buildings
- 10,307 SF
- 0.44 lot acres
Property ID
US71-0603663
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
- Paint and Pinot / Training Center
- Princeton Property Management / Property Management Company
- Edward Jones - Financial Advisor: Max Elvrom, CFP®|AAMS™|CRPC™|CKA® / Financial Advisor
- a n t h r o p o i d / General Contractor
- Tipton's Coins Cards & Jewelry / (Bike/Boat/Book/etc) Store
Property Details for 695 Commercial SE St
- Year built
- 1965
- Lot size
- 0.44 lot acres
- Property size
- 10,307 SF
- Zone code
- CO
- Property type
- Office buildings
- APN
- 073W27BD01900
- APU
- 073W27BD01900
Description
This exceptional two-story office building, constructed in 1968 and extensively renovated in 2021, offers a unique blend of vintage charm and contemporary functionality. Located at 695 Commercial Street, at the corner of Leslie St SE in Marion County, this 10,307 square foot building boasts a prime location just south of the downtown area, offering convenient walkability. The property is zoned for commercial office use and features a diverse tenant mix, including financial, architectural, property management, real estate, and personal service businesses. Two spaces are currently available, ranging from a minimum of 373 square feet to a maximum contiguous space of 1,472 square feet. The building retains some of its original architectural details, creating a sophisticated and stylish atmosphere. Ample parking is provided with a 3:1000 ratio, with additional spaces available for rent at $40 per month. The building's modern updates ensure a comfortable and efficient workspace for tenants. This is an excellent opportunity for businesses seeking a well-located, updated office space with a unique character. Minimum divisible space is 373 square feet.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,156,000
- AI Estimate
- $2,156,000
Market price range: $1.54M - $3.85MMarket price range: $1.54M - $3.85M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,655,000 Current use
- MEDICAL BUILDING
- $3,485,000 Change: +31% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,915,000 Change: +10% Conversion: Easy
- RETAIL STORES
- $2,540,000 Change: -4% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.044
- Latitude
- 44.9347
- 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
$19,562
$0.00
$0.00
$996,670
-
$306,660
$1,171,080
$1,477,740
