5002 Commercial StSalem, OR 97306

Property Details for 5002 Commercial St

Year built

1979

Lot size

0.98 AC

Property size (Sq ft)

5,620 SF

Zone code

CR

Property type

Office buildings

APN

083W14BB01200

APU

083W14BB01200

Description

This exceptional multi-tenant retail and office complex, situated at 5002 Commercial St SE in Salem, Oregon, presents a unique investment opportunity. The property boasts a prime location just north of the intersection of Commercial Street SE and Kuebler Blvd SE, ensuring excellent street visibility and accessibility. Comprising three buildings, each two stories high, the complex offers a total of 10,456 square feet of vacant space, divisible into units ranging from 1,227 to 5,228 contiguous square feet. The flexible space is ideal for a variety of creative office uses, catering to businesses seeking adaptable layouts. Built in 1979, the property sits on a 0.98-acre lot and is zoned CR, offering ample on-site parking and excellent signage opportunities along Commercial Street SE. The property features a total of three suites across the three buildings. This well-maintained complex provides a strong foundation for immediate occupancy or future development, making it an attractive option for investors and businesses alike. The Marion County location (APN: 083W14BB01200) and 97306 zip code offer convenient access to local amenities and transportation networks. The property's high visibility and ample parking make it an ideal location for businesses seeking to establish a strong presence in the Salem market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,170,130

  6.5%

  $1,080,120

  7%

  $1,002,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $885,173

  Geo Method

  $1,082,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,024,150

  Retail / Commercial

  $1,058,010

  Mixed-Use / Specialty

  $1,070,030

  Hospitality / Lodging

  $805,604

  Institutional / Educational

  $1,118,040

  Residential Income

  $1,308,110

  Multifamily

  $1,481,340

  Automotive / Energy

  $958,321

  Parking / Income-Based Land

  $315,104

  Restaurant / Food Service

  $590,229

  Healthcare / Senior Housing

  $1,081,100

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.8828

Longitude

-123.03

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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