Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Apartment buildings

    777 Commercial SE St, Salem, OR 97301-3421

    2.54 ac lot
    Entity Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US71-0980166
    Property summary
    AI-generated overview

    This exceptional 3,129 square foot executive office suite, located at 777 Commercial St SE Suite B in Salem, Oregon, presents a unique investment opportunity. Situated within a prestigious, luxury apartment building, this single-tenant space boasts an open floor plan, two ADA-compliant restrooms, and convenient exterior entrances. The suite is divisible into two separate units, each a minimum of 1,391 square feet, offering flexibility for various business needs. Benefiting from recent rezoning to Mixed-Use Riverfront, this property allows for diverse uses, capitalizing on its proximity to the Willamette River. The building offers Class A amenities, including dedicated parking and prominent monument signage. Its location at a signalized intersection ensures high visibility and significant traffic counts. This thriving commercial environment includes notable co-tenants such as Cascade Cardiology, First American Title, and AFLAC Insurance, alongside over 85 luxury condominium units. Tenant improvement options are available for qualified tenants and lease terms. The property sits on a 2.54-acre lot in Salem, Oregon (zip code 97301), within Marion County.

    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (5+ UNITS)
    Lot 2.54 ac (110,642 SF)
    Zoning code CR
    APN 073W27BD90000
    UPID US71-0980166
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Maziar Azadpour Physician
    • Salem Accounting & Payroll Services Tax Preparation
    • Union Gospel Mission of Salem Men's Mission Charitable Organization Volunteer Organization
    • Harminder Gandhok Physician
    • Samantha Pacheco Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Meridian Investors LLC · 14 yrs held
    Meridian Investors LLC
    since 2012
    3 recorded transactions
    2012
    $8.5M
    2011
    2009
    Zoning & alternative use
    CR · Salem, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 777 Commercial SE St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message