Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings
Property profile & analytics

880 Liberty NE St Salem, OR 97301-2450

  • Office buildings
  • 3,593 SF
  • 0.44 lot acres
OFF-MARKET
Last Sale
Feb 10, 2025
$830,000
Value Estimations
$865,000
Show details
Cap Rate Potential
6.3%
Office buildings
Location Intelligence
Property ID
US71-0901504
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

  • Life Balance Acupuncture Clinic / Acupuncture Clinic
  • Sharon L. Roemmel, LMT #3696 / Life Coach / Yoga Instructor
  • Practically Enlightened You / Wellness Program / Yoga Studio
  • Haven Therapeutic Massage and Bodywork / Massage Therapist
  • New Hope Counseling / Mental Health Service

Property Details for 880 Liberty NE St

Year built
1972
Lot size
0.44 lot acres
Property size
3,593 SF
Zone code
CR
Property type
Office buildings
APN
073W22DA09300
APU
073W22DA09300

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $840,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $880,000
    6.5%
    $810,000
    7%
    $755,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,068,000
    Market price range: $536k - $1.34M
    AI Estimate
    $1,068,000
    Market price range: $536k - $1.34M
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $925,000
    Current use
    AUTO REPAIR, GARAGE
    $1,285,000
    Change: +39% Conversion: Difficult
    MEDICAL BUILDING
    $1,215,000
    Change: +31% Conversion: Easy
    COMMERCIAL (GENERAL)
    $1,015,000
    Change: +10% Conversion: Easy
    RETAIL STORES
    $885,000
    Change: -4% Conversion: Moderate

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


Location Insight

  • Map
  • Local Demand
City
Salem
County
Marion
State
Oregon
Longitude
-123.034
Latitude
44.948
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
$9,690
$0.00
$0.00
$493,720
-
$236,040
$618,730
$854,770
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