925 Commercial St SE Salem, OR 97302
Property profile & analytics
925 Commercial St SE Salem, OR 97302
- Office buildings
- 27,748 SF
- 0.56 lot acres
Property ID
US71-0503882
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
- Oregon Smile Care Center - Sean Hanson DMD / Dental Office
- Polaris Dental Specialists / Dental Office
- Contact Computer Services / Tech Support Center / (Bike/Boat/Book/etc) Store
- Litowich Law, PC / Law Firm / Child Welfare Organization
- Mr. Christopher Killen / Physician
Property Details for 925 Commercial St SE
- Year built
- 1998
- Lot size
- 0.56 lot acres
- Property size
- 27,748 SF
- Zone code
- CR
- Property type
- Office buildings
- APN
- 073W27CA09100
- APU
- 073W27CA09100
Description
This iconic, three-story Class B office building, located at 925 Commercial St SE in Salem, Oregon (97302), offers a variety of flexible office spaces ideal for various business needs. The 27,660 square foot building features 13 suites, with immediate availability of approximately 8,884 square feet of vacant space. Individual suites range from a minimum of 2,215 square feet to a maximum contiguous space of 3,470 square feet, making it suitable for both small and medium-sized businesses. The building boasts convenient amenities including one elevator, ample parking, and easy access to major roadways. Situated on a 0.56-acre lot, the property benefits from a high-traffic location just south of Salem's downtown corridor, providing excellent visibility and accessibility. Built in 1998, the building has recently undergone renovations, including new carpeting, fresh interior paint in common areas, and upgraded lighting. The property is zoned CO and has a total of 13 suites. Three suites are currently available: Suite 240 (immediately available), and Suites 100 and 320 (available August 1, 2024). Suite 240 is particularly well-suited for medical or dental practices. This prime location at the gateway to South Salem offers a strong foundation for business growth and success. The property's APN is 527629.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,555,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,795,000
- 6.5%
- $6,270,000
- 7%
- $5,820,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $11,128,000
- AI Estimate
- $11,128,000
Market price range: $6.25M - $11.3MMarket price range: $6.25M - $11.3M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $8,805,000 Current use
- RESTAURANT
- $12,235,000 Change: +39% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $9,905,000 Change: +12% Conversion: Difficult
- MEDICAL BUILDING
- $9,380,000 Change: +6% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.044
- Latitude
- 44.9319
- 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
$88,013
$0.00
$0.00
$4,484,300
-
$429,470
$5,178,650
$5,608,120
