1060 Wallace Rd NW, Salem, OR 97304 Property Records

Polk County property record for 1060 Wallace Rd NW, Salem, OR 97304

Property Summary

Property Type	Commercial Office
Details	2,882 sqft · built 1989
Lot Size	0.489 acres (21,306 sqft)
Owner	Company Name on Record
Last Sale	$1,311,500 (Jan 2022)
Tax Bill	$23,295 (2025)
Deeds & Mortgages	Jan 2022 Sale & Construction Loan
Flood Zone	Zone AE (high risk)
APN	`07322-CB-01402`

Property Details

APN / Parcel Number

Primary APN	`07322-CB-01402`
Alternative APN	`470218`

Interior

Building Area	2,882 sqft Total Area

Exterior

Year Built	Built 1989
Effective Year Built	Effective 1989
Lot Area	21,306 sqft (0.489 acres)
View / Lot	Flood Plain

Location & Zoning

Account Number	470218
Street Address	1060 WALLACE RD NW
City	SALEM
State	OR
Zip	97304-3159
Property Category	Commercial
Property Type	Commercial > Office > Commercial Office
Local Zoning Code	WSCB
Legal Description	FINANCIAL - CENTRAL BANK
Legal Range	3W
Legal Township	07S
Legal Section	22
Legal Subdivision	ERICKSON TRACT
Legal Block	1
Jurisdiction	POLK OR
Township / Civil Division	SALEM
Census Block Group	1
Census Block	1008
Census Tract	5206

Owner

Source: Polk County records, as of May 26, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	900 SW 13TH AVE, 90, PORTLAND, OR 97205-1707
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jan 11, 2022 · Amount on Record
Deed Sale	Jan 11, 2022 · Amount on Record
Deed Document Number	2022427
Record Updated	Sep 20, 2026

January 2022: Bargain and Sale Deed, Construction Loan

Document Type	Bargain and Sale Deed
Jurisdiction	POLK OR
Recording Date	Jan 11, 2022
Property Address	1060 WALLACE RD NW, SALEM, OR 97304-3159
Document Number	0000000427
Instrument Date	Jan 3, 2022
Instrument	2022-000427
Transaction Type	Construction Loan
Record Updated	Feb 10, 2026
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	900 SW 13TH AVE STE 90, 90, PORTLAND, OR 97205-1707

Mortgage

Document Number	0000000428
Date	Jan 11, 2022
Instrument	2022-000428

Lender

Name	COLUMBIA STATE BANK
Type	Bank

Agreement

Type	Construction Mortgage
Amount	Amount Recorded
Term	132 Months
Due	Jan 1, 2033

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Polk County assessment roll, as of May 21, 2026

Property Jurisdictions

Type	Name
State	Oregon
County	Polk County
Municipality	Salem City
Unified School District	Salem-Keizer School District 24J (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$1,214,590 (+3%) Land $562,990 Building $651,600	$2,072,880 (-1.85%) Land $978,000 Building $1,094,880
2025	$23,295.00 (+7.97%)	$1,179,220 (+3%) Land $546,590 Building $632,630	$2,112,000 (+3.01%) Land $1,017,120 Building $1,094,880
2024	$21,575.00 (+2.99%)	$1,144,880 (+3%) Land $530,670 Building $614,210	$2,050,330 (+2.01%) Land $997,560 Building $1,052,770
2023	$20,949.00 (+10.58%)	$1,111,540 (+10.24%) Land $515,210 Building $596,330	$2,009,860 (+16.48%) Land $977,730 Building $1,032,130
2022	$18,945.00	$1,008,250 Land $505,740 Building $502,510	$1,725,480 Land $906,700 Building $818,780

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective September 30, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone AE high risk
100-Year Floodplain	Yes 1% annual chance
Floodway	No
Base Flood Elevation	Varies along the reach; see FIRM
Flood Insurance Requirement	Required federally backed loans
Flood Insurance Cost	Premium on Record median of 60 policies
Community Rating System	Class 3 (35% premium discount)
Nearby Flood Policies	60 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 93% of Oregon
Wildfire Likelihood	0.01% annual chance
Exposure	Indirect within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	SALEM PUBLIC WORKS serves 199,820 people · EPA ID OR4100731
Water Source	Surface water
Last State Inspection	Jul 2023
Lead	2 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 195 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Alyrica Fixed Wireless	400 / 50
Verizon Fixed Wireless	300 / 20
CenturyLink DSL	140 / 20
AT&T Fixed Wireless	100 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: Hunter Communications.

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