3975 River RdKeizer, OR 97303

Property Details for 3975 River Rd

Year built

1978

Lot size

0.44 AC

Property size (Sq ft)

3,163 SF

Zone code

MU

Property type

Office buildings

APN

073W11BB04500

APU

073W11BB04500

Description

This exceptional commercial property at 3975 River Rd N in Marion County offers a single-tenant office space totaling 1,000 square feet. The space boasts an open floor plan, ideal for a variety of businesses, and includes a private restroom for employee convenience. The property is situated on a 0.44-acre lot and is part of a larger commercial development, benefiting from shared common parking accessible from both River Rd N and Sunset Ave N. This highly visible location provides excellent exposure and accessibility for clients and employees. The property's strategic placement ensures high traffic visibility, positioned between Access GT Mortgage and Encore Hair Studio. Furthermore, the property enjoys a strong shadow anchor presence, with nearby established businesses including Physiq Fitness, Bi-Mart, 911 Supply, and Baskin Robbins, creating a vibrant and thriving commercial environment. The total building size encompasses 5,593 square feet, indicating ample space within the complex. This presents a unique opportunity for a business seeking a well-located, functional, and easily accessible office space in a bustling commercial area. Please note that the existing tenant should not be disturbed. This property is offered for lease and is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $581,083

  6.5%

  $536,385

  7%

  $498,071

• Comparable approach

  Method

  Valuation

  Relative Method

  $498,185

  Geo Method

  $609,131

• Alternative Use

  Use

  Valuation

  Residential Income

  $665,117

  Hospitality / Lodging

  $609,244

  Institutional / Educational

  $506,884

  Healthcare / Senior Housing

  $524,316

  Retail / Commercial

  $788,486

Location Insight

City

Keizer

County

Marion

State

Oregon

Latitude

44.9837

Longitude

-123.027

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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