4747 River RdKeizer, OR 97303

Property Details for 4747 River Rd

Year built

1969

Lot size

0.48 AC

Property size (Sq ft)

2,640 SF

Zone code

MU

Property type

Medical offices

Property subtype

Medical centers

APN

073W02BC05600

APU

073W02BC05600

Description

This exceptional 2,640 square foot single-story brick office building boasts a highly desirable location on River Road in Keizer, Oregon. The property offers 124 feet of prime road frontage, ensuring excellent visibility and accessibility. Currently configured as a successful chiropractic clinic, the building features a spacious reception/waiting area, two restrooms, two private offices, and eight exam rooms. Ample storage space is available for records and equipment. The 0.48-acre lot provides extensive parking with 30 designated spaces, exceeding a 11/1000 parking ratio. The property presents a significant opportunity for expansion

• CAP approach

  CAP return

  Valuation

  6%

  $549,668

  6.5%

  $507,386

  7%

  $471,144

• Comparable approach

  Method

  Valuation

  Relative Method

  $415,811

  Geo Method

  $508,411

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $950,844

  Retail / Commercial

  $497,001

  Mixed-Use / Specialty

  $502,647

  Hospitality / Lodging

  $378,433

  Institutional / Educational

  $525,201

  Residential Income

  $614,485

  Multifamily

  $695,859

  Automotive / Energy

  $450,172

  Parking / Income-Based Land

  $148,021

  Restaurant / Food Service

  $277,261

  Healthcare / Senior Housing

  $507,848

Location Insight

City

Keizer

County

Marion

State

Oregon

Latitude

44.9927

Longitude

-123.027

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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