4300 Cherry AveKeizer, OR 97303

Property Details for 4300 Cherry Ave

Year built

1995

Lot size

0.36 AC

Property size (Sq ft)

3,983 SF

Zone code

MU

Property type

Office buildings

APN

073W02CD02103

APU

073W02CD02103

Description

This exceptional 3,983-square-foot single-tenant office building is ideally situated in Keizer, Oregon, at the northeast corner of Cherry Avenue NE and Manbrin Drive NE. The property sits on a 0.39-acre lot and offers ample parking with 20 spaces. The building features a functional layout including multiple private offices and conference rooms, perfect for a variety of business needs. Additional amenities include two ADA-compliant restrooms, a convenient kitchenette/break room, and a fenced private yard area. The building is equipped with gas heat and is fully insulated for year-round comfort. Two glass entry doors provide convenient access. This mixed-use zoned property enjoys a strategic location, approximately 2.5 miles from Keizer Station and the Interstate 5 interchange, offering easy access to major transportation routes. Commuting to Salem's Central Business District is also convenient, located approximately 3.1 miles away, and the State Capital is just 3.9 miles distant. This presents a rare opportunity to acquire a well-maintained, functional office building in a thriving Keizer location. The entire 3,983 square feet is currently vacant, providing immediate occupancy for a new tenant. The property's zoning allows for flexibility in future uses.

• CAP approach

  CAP return

  Valuation

  6%

  $829,292

  6.5%

  $765,500

  7%

  $710,821

• Comparable approach

  Method

  Valuation

  Relative Method

  $627,339

  Geo Method

  $767,046

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,434,550

  Retail / Commercial

  $749,831

  Mixed-Use / Specialty

  $758,349

  Hospitality / Lodging

  $570,947

  Institutional / Educational

  $792,377

  Residential Income

  $927,081

  Multifamily

  $1,049,850

  Automotive / Energy

  $679,180

  Parking / Income-Based Land

  $223,320

  Restaurant / Food Service

  $418,307

  Healthcare / Senior Housing

  $766,197

Location Insight

City

Keizer

County

Marion

State

Oregon

Latitude

44.9872

Longitude

-123.026

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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