1243 State St, Salem, OR 97301 Property Records

Marion County property record for 1243 State St, Salem, OR 97301

Property Summary

Property Type	Commercial Office
Details	31,398 sqft · built 1997
Lot Size	0.16 acres (6,970 sqft)
Owner	Company Name on Record
Tax Bill	$46,682 (2025)
Deeds & Mortgages	Apr 2022 Mortgage Nov 2018 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`073W26BC00200`

Property Details

APN / Parcel Number

Primary APN	`073W26BC00200`
Alternative APN	`587777`

Interior

Stories	1 Story
Building Area	31,398 sqft Gross Area
1st Floor Area	25,156 sqft
Basement Area	6,242 sqft
Finished Basement	6,242 sqft

Exterior

Year Built	Built 1997
Effective Year Built	Effective 1997
Lot Area	6,970 sqft (0.16 acres)

Utilities, Heating & Cooling

Cooling System	Central

Location & Zoning

Account Number	587777
Street Address	1243 STATE ST
City	SALEM
State	OR
Zip	97301-4156
Property Category	Commercial
Property Type	Commercial > Office > Commercial Office
Local Zoning Code	MU-I
Legal Description	ROBERTS ADDITION TO THE CITY OF SALEM BLOCK 2 ACRES .16
Legal Range	03W
Legal Township	07S
Legal Section	26
Legal Subdivision	ROBERTS ADDITION TO THE CITY OF SALEM
Legal Block	2
Jurisdiction	MARION OR
Township / Civil Division	SALEM
Census Block Group	6
Census Block	6016
Census Tract	900

Owner

Source: Marion County records, as of April 16, 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	1241 STATE ST, SALEM, OR 97301-4156
Owner Type	Company
Vesting	Limited Liability Company

Deeds, Mortgages & Sale History

Date	Document
Apr 22, 2022	Deed of Trust, Mortgage · Commercial Mortgage PACIFIC PREMIER BANK
Nov 19, 2018	Deed of Trust, Mortgage OPUS BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 13, 2017
Deed Sale	Feb 13, 2017
Deed Book / Page	3911 / 426
Prior Transfer Date	Jan 12, 2017
Prior Transfer Doc	0039110426
Record Updated	Jun 8, 2026

April 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION OR
Property Address	1241 STATE ST, SALEM, OR 97301-4156
Transaction Type	Mortgage
Record Updated	May 2, 2022
Title Company	1ST AM

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0046170153
Date	Apr 22, 2022
Book Page	4617/153

Lender

Name	PACIFIC PREMIER BANK
Type	Bank
Address	IRVINE, CA 92614

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	121 Months
Due	May 1, 2032

November 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MARION OR
Property Address	1241 STATE ST, SALEM, OR 97301-4156
Document Number	0000056943
Instrument Date	Nov 19, 2018
Transaction Type	Mortgage
Record Updated	Dec 14, 2018
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INSURANCE

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	PO BOX 27588 FRESNO CA 937297588, FRESNO, CA 93729-7588

Mortgage

Document Number	0000056943
Date	Nov 30, 2018
Book Page	004145/000212
Instrument	56943

Lender

Name	OPUS BK
Type	Bank
Address	131 W COMMONWEALTH AVE, FULLERTON, CA 92832-1808

Agreement

Amount	Amount Recorded
Term	60 Months
Due	Nov 29, 2023

Tax Assessment & Valuation

Source: Marion County assessment roll, as of November 10, 2025

Property Jurisdictions

Type	Name
State	Oregon
County	Marion 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
2025	$46,682.00 (-56.72%)	$2,447,400 (-55.44%) Land $203,550 Building $2,243,850	$2,447,400 (-67.53%) Land $203,550 Building $2,243,850
2024	$107,849.00 (+3.04%)	$5,492,930 (+3%)	$7,538,170 (-) Land $203,550 Building $7,334,620
2023	$104,669.00 (+2.88%)	$5,332,950 (+3%)	$7,538,170 (+8.98%) Land $203,550 Building $7,334,620
2022	$101,739.00	$5,177,630	$6,917,160 Land $203,550 Building $6,713,610

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 X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 44 individual policies
Community Rating System	Class 3 (35% premium discount)
Nearby Flood Policies	46 units insured incl. 2 condo units
Nearby Flood Claims	5 (1998–2025)
Claims Outside the SFHA	1 of 5
Most Recent Claim	Dec 2025 · river or lake flooding
Claims by Event	Severe Winter Storm, Flooding, Landslides, And Mudslides, Jan 2012 · 3 claims

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 96% of the US · lower than 99.1% of Oregon
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond 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 348 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
AT&T Fixed Wireless	100 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: CenturyLink, Hunter Communications.

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