966 12th SE St, Salem, OR 97302-2859
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.
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Wettlaufer Sheila L MD Physician
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Pacific Family Medical Center Medical Clinic
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Allergy & Asthma Consultants Medical Clinic
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Rasmussen Michelle A MD Pediatrician Physician
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Ralph Yates Pediatrician Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · Salem, ORSalem. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.