966 12th SE St Salem, OR 97302-2859
Property profile & analytics
966 12th SE St Salem, OR 97302-2859
- Medical Office Space
- 10,018 SF
- 0.71 lot acres
Property ID
US71-0835595
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
- Wettlaufer Sheila L MD / Physician
- Pacific Family Medical Center / Medical Clinic
- Allergy & Asthma Consultants / Medical Clinic
- Rasmussen Michelle A MD / Pediatrician / Physician
- Ralph Yates / Pediatrician / Physician
Property Details for 966 12th SE St
- Year built
- 2007
- Lot size
- 0.71 lot acres
- Property size
- 10,018 SF
- Zone code
- CG
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 073W26CC11400
- APU
- 073W26CC11400
Description
This exceptional 10,011 square foot medical office building, constructed in 2007, presents a unique investment opportunity in Salem, Oregon. Currently offering 6,088 square feet of vacant, single-tenant space, this property is ideally suited for a variety of medical uses, including general medical practices, specialty clinics, or medical spas. The building boasts high-end finishes and quality construction throughout. Located at 966 12th St SE, Salem, OR 97302, this property enjoys a prime location less than half a mile from Salem Hospital, ensuring high visibility and convenient access for patients and staff. The flexible layout allows for multiple configurations, with the potential to subdivide the space to accommodate tenants requiring smaller footprints, with a minimum leasable area of 2,400 square feet. The property is zoned for commercial general use. Annual operating expenses are estimated at $8.05 per square foot and encompass all utilities, garbage collection, and HVAC maintenance, providing predictable and manageable operating costs. This turnkey solution offers immediate occupancy and the potential for significant return on investment. Don't miss this chance to acquire a well-located, high-quality medical office building in a thriving Oregon market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,745,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,893,000
- AI Estimate
- $3,167,000
Market price range: $1.89M - $4.74MMarket price range: $1.23M - $4.43M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $3,385,000 Current use
- RESTAURANT
- $4,415,000 Change: +30% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $3,575,000 Change: +6% Conversion: Difficult
- OFFICE BUILDING
- $3,180,000 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
- -123.03
- Latitude
- 44.9284
- 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
$34,179
$0.00
$0.00
$1,741,450
-
$426,950
$2,075,500
$2,502,450
