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Stabilized Asset with Strong Fundamentals 675 Orchard Heights Rd 19,500 SF 64% Leased Office Building Salem, OR 97304 $5,580,000 ($286.15/SF) 6.76% Cap Rate
INVESTMENT HIGHLIGHTS
- High Occupancy with Anchor Stability: 92.9% leased to creditworthy tenants on long-term NNN agreements, anchoring cash flow reliability.
- Prime Affluent Locale: Positioned in West Salem, Salem's highest-income neighborhood, with median household incomes exceeding $90,000
- Versatile Zoning Advantage: Flexible Retail Commercial designation allows for adaptive reuse, enhancing future-proofing.
- Minimal Owner Overhead: Annual operating expenses capped at ~$10,000, maximizing NOI efficiency.
- Versatile Zoning Advantage: Flexible Retail Commercial designation allows for adaptive reuse, enhancing future-proofing.
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Two months free months with minimum lease term. Two room suite with a front room for a waiting area and a private back room with great natural light with a large window
Two months free months with minimum lease term. Turn-Key medical space with 6 exam rooms, one with a sink, waiting/reception area, two private bathrooms, plus storage area. This space has a private entrance. Sublease through December 31, 2025
Two months free months with minimum lease term. Office space with a waiting/reception area with a sink and cabinets, along with 2 private offices with great natural lighting. Common area restrooms.
Two months free months with minimum lease term. Fantastic office space near a main entrance. Includes a waiting/reception area, 7 private offices, a storage room, kitchen/break area and open work area. Common area restrooms
Mainly open floor plan with a small kitchenette area with sink and cabinets. Hard flooring throughout. This space is a sublease.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 160 | 479 SF | Office | - | Now |
| 1st Fl-Ste 180 | 2,245 SF | Office/Medical | - | Now |
| 1st Fl-Ste 210 | 936 SF | Office/Retail | - | Now |
| 1st Fl-Ste 220 | 2,532 SF | Office/Retail | - | Now |
| 2nd Fl-Ste 270 | 907 SF | Office/Retail | - | Now |
1st Fl-Ste 160
| Size |
| 479 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 180
| Size |
| 2,245 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 210
| Size |
| 936 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 220
| Size |
| 2,532 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 270
| Size |
| 907 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 160
| Size | 479 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Two months free months with minimum lease term. Two room suite with a front room for a waiting area and a private back room with great natural light with a large window
1st Fl-Ste 180
| Size | 2,245 SF |
| Space Use | Office/Medical |
| Condition | - |
| Available | Now |
Two months free months with minimum lease term. Turn-Key medical space with 6 exam rooms, one with a sink, waiting/reception area, two private bathrooms, plus storage area. This space has a private entrance. Sublease through December 31, 2025
1st Fl-Ste 210
| Size | 936 SF |
| Space Use | Office/Retail |
| Condition | - |
| Available | Now |
Two months free months with minimum lease term. Office space with a waiting/reception area with a sink and cabinets, along with 2 private offices with great natural lighting. Common area restrooms.
1st Fl-Ste 220
| Size | 2,532 SF |
| Space Use | Office/Retail |
| Condition | - |
| Available | Now |
Two months free months with minimum lease term. Fantastic office space near a main entrance. Includes a waiting/reception area, 7 private offices, a storage room, kitchen/break area and open work area. Common area restrooms
2nd Fl-Ste 270
| Size | 907 SF |
| Space Use | Office/Retail |
| Condition | - |
| Available | Now |
Mainly open floor plan with a small kitchenette area with sink and cabinets. Hard flooring throughout. This space is a sublease.
PROPERTY TAXES
| Parcel Number | 550691 | Improvements Assessment | $626,090 |
| Land Assessment | $966,530 | Total Assessment | $1,592,620 |
PROPERTY TAXES
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Stabilized Asset with Strong Fundamentals | 675 Orchard Heights Rd
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