925 Commercial StSalem, OR 97302

Property Details for 925 Commercial St

Year built

1998

Lot size

0.56 AC

Property size (Sq ft)

27,748 SF

Zone code

CR

Property type

Office properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,097,661

  6.5%

  $4,705,534

  7%

  $4,369,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,370,422

  Geo Method

  $5,343,710

• Alternative Use

  Use

  Valuation

  Residential

  $5,834,862

  Hospitality

  $5,344,702

  Educational

  $4,446,729

  Medical

  $4,599,659

  Retail

  $6,917,134

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9319

Longitude

-123.044

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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