Property profile

880 Liberty NE St Salem, OR 97301

OFF-MARKET
Office buildings
Property ID
US71-0901504
3,593 SF 0.44 ac lot Built 1972
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This 3,593 square foot executive office building is ideally situated in Salem, Oregon, just north of the downtown core, adjacent to McMenamins Boone's Treasury. The property, zoned MU-I, offers a fantastic opportunity for owner-occupants or investors. The building boasts a welcoming reception area with a built-in desk, ten private offices each with windows, a sizable conference room, and a generous open workspace perfect for collaboration or additional office space. Twenty on-site parking spaces provide ample convenience, supplemented by a passive income stream generated from an after-hours parking lease agreement with McMenamins. Currently, tenants occupy the space on a month-to-month basis, offering flexibility for the new owner. The vibrant location provides easy access to a variety of amenities, including parks, shops, restaurants, and government buildings, all within close proximity. This property presents a unique blend of prime location, functional office space, and potential for additional revenue, making it an attractive investment opportunity in a thriving area of Salem. The asking price is $845,000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1972
Total area 3,593 SF
Lot 0.44 ac (19,166 SF)
Zoning code CR
APN 073W22DA09300
UPID US71-0901504

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
  • Medical Clinic Alternative Medicine Practice
  • Life Coach Yoga Instructor
  • Gym & Fitness Center
  • Alternative Medicine Practice Spa & Massage Center
  • Crisis Center Medical Clinic

Location

880 Liberty NE St Salem, OR 97301-2450
Salem metro Census 200 SALEM, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$810k
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$840k

Owner & transaction history

since 2025
Last sale
$830,000
7 recorded transactions
2025
$830,000
2017
Price N/A
2014
$630,000
2013
Price N/A
2008
$625,000
1976
$165,000
1969
Price N/A

Zoning & alternative use

CR · Salem, OR
Zoning description

The purpose of the Commercial Retail (CR) Zone is to implement the commercial designation of the Salem Area Comprehensive Plan through the identification of allowed uses and the establishment of development standards. Th…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.3M +38.7%
Medical building $1.2M +31.3%
Commercial (general) $1.0M +10.0%

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
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 880 Liberty NE 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.
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