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    OFF-MARKET Estimated value $4,240,000
    Medical Office Space

    966 12th SE St, Salem, OR 97302-2859

    10,018 SF 0.71 ac lot Built 2007
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US71-0835595
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL CLINIC
    Year built 2007
    Total area 10,018 SF
    Lot 0.71 ac (30,928 SF)
    Zoning code CG
    APN 073W26CC11400
    UPID US71-0835595
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.89M
    Blend (final) Blend
    $4.24M
    Owner & transaction history
    Ccd Salem Re Holdings LLC · 1 yrs held
    Ccd Salem Re Holdings LLC
    since 2025
    Last sale
    $4.7M
    7 recorded transactions
    2025
    2025
    $4.7M
    2018
    2013
    2006
    2002
    2002
    Zoning & alternative use
    CG · Salem, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $4.4M +30.4%
    Auto repair, garage $3.6M +5.6%
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