1900 Hines StSalem, OR 97302

Property Details for 1900 Hines St

Year built

1978

Lot size

2.08 AC

Property size (Sq ft)

29,874 SF

Zone code

IC

Property type

Office buildings

APN

073W35BA05400

APU

073W35BA05400

Description

Located at 1900 Hines St SE, Salem, this exceptional office property offers 8,000 square feet of versatile space, perfect for businesses seeking a modern and efficient workspace. The building features a single suite divisible into spaces as small as 3,000 square feet, with a maximum contiguous space of 8,000 square feet. Amenities include a common area breakroom, multiple waiting/seating areas, elevator service, secure access, and fee onsite parking. The property boasts abundant natural light thanks to its design featuring glass walls and numerous windows. Multiple room combinations are available to accommodate various business needs and sizes. Lease rates vary depending on the size of the space, ranging from approximately $465 to $627 per month for smaller suites and from $908 to $2559 per month for larger combinations. A special incentive of two months free rent is available with an acceptable lease term. The property sits on 2.08 acres of land and is zoned IC in Marion County, with Mission Street as a cross street. This is an excellent opportunity for businesses seeking a premium office environment in a convenient Salem location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,488,234

  6.5%

  $5,066,062

  7%

  $4,704,201

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,705,276

  Geo Method

  $5,753,135

• Alternative Use

  Use

  Valuation

  Residential

  $6,281,918

  Hospitality

  $5,754,202

  Educational

  $4,787,429

  Medical

  $4,952,076

  Retail

  $7,447,112

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9261

Longitude

-123.022

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].