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1940 Fairgrounds Rd NE, Salem, OR 97301 Property Records

Marion County property record for 1940 Fairgrounds Rd NE, Salem, OR 97301

Property Summary

Property TypeOffice Building
Details4,578 sqft · built 1972
Lot Size1.17 acres (50,965 sqft)
OwnerCompany Name on File
Last Sale$960,000 (Dec 2021)
Tax Bill$21,808 (2025)
Deeds & MortgagesDec 2021 Sale
Nov 2019 Mortgage
Flood ZoneZone X (minimal risk)
APN073W23BA01400

Property Details

APN / Parcel Number

Primary APN073W23BA01400
Alternative APN
  • 578033

Interior

Stories1 Story
Building Area4,578 sqft Living Area
1st Floor Area4,578 sqft

Exterior

Year BuiltBuilt 1972
Lot Area50,965 sqft (1.17 acres)

Location & Zoning

Account Number578033
Street Address1940 FAIRGROUNDS RD NE
CitySALEM
StateOR
Zip97301-0603
Property CategoryCommercial
Property TypeCommercial > Office > Office Building
Local Zoning CodeMU-II
Legal DescriptionHOLLYWOOD RENEWAL SUB-DIV LOT 5 ANNEXATION NO 84-6
Legal Range03W
Legal Township07
Legal Section23
Legal QuarterNW
Quarter-Quarter SectionNE
Legal SubdivisionHOLLYWOOD RENEWAL SUBDIVISION IN SALEM
Legal Lot Number5
JurisdictionMARION OR
Township / Civil DivisionSALEM
Census Block Group1
Census Block1021
Census Tract300

Owner

1940 Fairgrounds Rd NE, a commercial property, is owned by a company that bought it in December 2021.

Source: Marion County records, as of February 27, 2026

Owner of RecordCompany Name on File
Mailing Address2020 CAPITOL ST NE, SALEM, OR 97301-0644
Owner TypeCompany

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Dec 29, 2021Warranty Deed, Transfer
FIDELITY NATIONAL TITLE
Nov 8, 2019Deed of Trust, Mortgage
PIONEER TR BK

Assessor's Deed Record

Deed NamesName on Deed
Last SaleDec 29, 2021 · Amount on File
Deed SaleDec 29, 2021 · Amount on File
Deed Document Number45790342
Deed Book / Page2022 / 2328
Record UpdatedJun 8, 2026

December 2021: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMARION OR
Recording DateDec 29, 2021
Property Address1940 FAIRGROUNDS RD NE, SALEM, OR 97301-0603
Document Number0045790342
Book / Page4579 / 342
Instrument DateDec 29, 2021
Transaction TypeTransfer
Record UpdatedMar 18, 2022
Title CompanyFIDELITY NATIONAL TITLE

Transaction

AmountAmount on Record
Tax$0.00
Amount AccuracyFull Amount Stated
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address2020 CAPITOL ST NE, SALEM, OR 97301-0644

November 2019: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMARION OR
Property Address1940 FAIRGROUNDS RD NE, SALEM, OR 97301-0603
Document Number0000056192
Instrument DateNov 8, 2019
Transaction TypeMortgage
Record UpdatedNov 27, 2019
Title CompanyFIRST AMERICAN TITLE, FIRST AMERICAN TITLE INSURANCE

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address2195 MISSION ST SE SALEM OR 973021258, SALEM, OR 97302-1258

Mortgage

Document Number0000056192
DateNov 15, 2019
Book Page004267/000154
Instrument56192
Lender
NamePIONEER TR BK
TypeBank
AddressSALEM, OR 97308
Agreement
AmountAmount on Record
Term60 Months
DueNov 14, 2024

Tax Assessment & Valuation

The 2025 property tax bill for 1940 Fairgrounds Rd NE was $21,808, down 0.3% from the year before.

Source: Marion County assessment roll, as of September 30, 2025

Property Jurisdictions

TypeName
StateOregon
CountyMarion County
MunicipalitySalem City
Unified School DistrictSalem-Keizer School District 24J (KG - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$21,808.00 (-0.32%)$1,143,330 (-)$1,143,330 (-) Land $420,460 Building $722,870
2024$21,877.00 (+42.78%)$1,143,330 (+42.92%)$1,143,330 (+42.92%) Land $420,460 Building $722,870
2023$15,322.00 (+0.05%)$800,000 (-)$800,000 (-) Land $420,460 Building $379,540
2022$15,314.00$800,000$800,000 Land $420,460 Building $379,540

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

Flood

FEMA maps place 1940 Fairgrounds Rd NE in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective September 30, 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Wildfire risk around 1940 Fairgrounds Rd NE is low, with a 0.01% annual chance of wildfire.

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

Wildfire RiskLow
lower than 80% of the US · lower than 93% of Oregon
Wildfire Likelihood0.01% annual chance
ExposureNone
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 SystemSALEM PUBLIC WORKS
serves 199,820 people · EPA ID OR4100731
Water SourceSurface water
Last State InspectionJul 2023
Lead2 ppb (2025)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
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 644 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Hunter Communications
Fiber · Fixed Wireless in parts of the area		2,500 / 2,500
CenturyLink
Fiber · DSL in parts of the area		2,000 / 1,000
Xfinity
Cable		2,000 / 250
Alyrica
Fixed Wireless		400 / 50
Verizon
Fixed Wireless		300 / 20
AT&T
Fixed Wireless		100 / 20

May also be available: Astound Broadband, T-Mobile.

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