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Oregon Building 494 State St
32,730 SF 71% Leased Office Building Salem, OR 97301 $4,350,000 ($133/SF) 10.21% Cap Rate
Investment Highlights
- Pro Forma Cap Rate of 10+% • Proforma NOI $444,019
- Proforma Cap and Income based on 95% Occupancy. Current Occupancy is 80%
- In Proximity to a Variety of Amenities and Restaurants • Rich in Historic Character and Charm
- In Place Cap Rate of 7.64% - In Place NOI $332,339
- Prime Location on a Signaled Intersection • Versatile Layout for Various Office Configurations
- 34 Separate Leasable Units • Zoned CB - Commercial Business • 43,280 SF Historic Building
Executive Summary
prospect for investors in the office sector. Don't miss the chance to make your mark in this vibrant and evolving market.
Property Facts
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Spacious single room space on the corner of the Oregon Building. Tons of windows and natural light. High visibility from both State and High streets with two points of access.
A beautifully renovated space with two large rooms, a spacious entry with its own private entrance, private bathroom and additional area for storage. This space has huge windows with great natural lighting, and high ceilings.
Spacious office near elevator and restrooms. 5 private offices with a reception/waiting area
Large single room space with area for waiting/reception. Plenty of natural light.
Newly renovated throughout. Spacious suite with five private offices, reception/waiting area with sink/cabinet and natural light.
Single room space with windows and natural lighting.
Spacious single room space with lots of natural light. Near the elevator and common area restrooms
Large office suite with reduced pricing! Reception area with waiting room, 5 private offices, large open work space, plus a kitchen/break room.
Beautiful space on the 4th floor with a large spacious room, a private office and a kitchenette. Space has high ceilings with large a skylight delivering tons of natural light into the space.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 624 SF | Office/Retail | Full Build-Out | Now |
| 1st Fl-Ste 180 | 1,060 SF | Office/Retail | Full Build-Out | Now |
| 2nd Fl-Ste 210 | 1,868 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 250 | 562 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 256 | 1,386 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 340 | 297 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 440A | 403 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 445 | 2,358 SF | Office | Full Build-Out | Now |
| 4th Fl-Ste 480 | 1,354 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 624 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 180
| Size |
| 1,060 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 210
| Size |
| 1,868 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 250
| Size |
| 562 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 256
| Size |
| 1,386 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 340
| Size |
| 297 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 440A
| Size |
| 403 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 445
| Size |
| 2,358 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 480
| Size |
| 1,354 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 624 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
Spacious single room space on the corner of the Oregon Building. Tons of windows and natural light. High visibility from both State and High streets with two points of access.
1st Fl-Ste 180
| Size | 1,060 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
A beautifully renovated space with two large rooms, a spacious entry with its own private entrance, private bathroom and additional area for storage. This space has huge windows with great natural lighting, and high ceilings.
2nd Fl-Ste 210
| Size | 1,868 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Spacious office near elevator and restrooms. 5 private offices with a reception/waiting area
2nd Fl-Ste 250
| Size | 562 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Large single room space with area for waiting/reception. Plenty of natural light.
2nd Fl-Ste 256
| Size | 1,386 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Newly renovated throughout. Spacious suite with five private offices, reception/waiting area with sink/cabinet and natural light.
3rd Fl-Ste 340
| Size | 297 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Single room space with windows and natural lighting.
4th Fl-Ste 440A
| Size | 403 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Spacious single room space with lots of natural light. Near the elevator and common area restrooms
4th Fl-Ste 445
| Size | 2,358 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Large office suite with reduced pricing! Reception area with waiting room, 5 private offices, large open work space, plus a kitchen/break room.
4th Fl-Ste 480
| Size | 1,354 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Beautiful space on the 4th floor with a large spacious room, a private office and a kitchenette. Space has high ceilings with large a skylight delivering tons of natural light into the space.
PROPERTY TAXES
| Parcel Number | 589114 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,368,830 |
PROPERTY TAXES
Presented by
Oregon Building | 494 State St
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