Building Details

Building Size 9,840 SF

Buildings 1

Listing Agency: Keller Williams Realty Mid-Willamette - Gillott Team k***@gmail.com Show Phone

Listed By: Laura Gillott · License #920300248 Show Phone

Source: Horsepowerrealestateproperties

Added: Jun 18 Changed: Oct 29 Last Checked: Oct 29 at 2:54PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Mid-Willamette - Gillott Team

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Investment Insights

Based on property information with market context.

The warehouse contains 9,328 square feet of shop or storage area and 512 square feet of office space. Building features include 14-foot eaves, rail and jib cranes, an interior loading dock, and a 12' x 14' roll-up door. The property is served by 600-volt, three-phase power, city water, and sewer.

The 2.72-acre site is zoned GI and includes a fenced yard, with additional area for expansion. Located at 1100 NE Old Salem Rd in Albany, Oregon, the property combines industrial building space with outdoor yard area.

Key Highlights

• 9,328 SF of industrial space plus 512 SF of office space
• 2.72 acres zoned GI, with a fenced yard and room to expand
• 600‑volt, three‑phase power; city water and sewer

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$120,580

Cap Rate

8.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,411,600 $2.4M

Cap Rate 7%

$1,722,571 $1.7M

Cap Rate 9%

$1,339,778 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,840 SF

Gross rent

$147.6K $15.00/SF

− Vacancy

−$5.7K −$0.58/SF

EGI

$141.9K $14.42/SF

− OpEx

−$21.3K −$2.16/SF

NOI

$120.6K $12.25/SF

Area

Linn County, OR

Vacancy

3.89%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,411,600

Cap Rate 7%

$1,722,571

Cap Rate 9%

$1,339,778

Alternative Uses

Best Use

Warehouse

$1.72M

$1.51M – $2.01M (±1% cap)

NOI $120,580 @ 7.0% cap · market cap 8.93%

Second Best

Industrial

$1.42M

$1.24M – $1.66M (±1% cap)

NOI $99,301 @ 7.0% cap · market cap 7.36%

Theoretical Best

Office A

$2.87M

$2.51M – $3.34M (±1% cap)

NOI $200,660 @ 7.0% cap · market cap 14.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Elstor Sales Corporation Department Store

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Big Box & Wholesale Store Parking Lot & Garage Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

150

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 97321, OR

30,291

Population

11,790

Households

2.6

Avg Household Size

41

Median Age

38%

College-Educated

96%

High-School Grad

69.1 sq mi

ZIP Area

438

Density / Sq Mi

$95,687

Median Household Income

$45,963

Median Earnings

$1,264

Median Rent

$442,400

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Similar Off Market Nearby

• Storage Depot — 111 NE Davidson St, Albany, OR 97321
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Frequently Asked Questions

What type of property is this?

Warehouse - Three-phase power, overhead cranes, and an interior loading dock support industrial operations.

Where is this warehouse located?

The property is located at 1100 NE Old Salem Rd Albany, OR.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 9,328 SF of industrial space plus 512 SF of office space; 2.72 acres zoned GI, with a fenced yard and room to expand; 600‑volt, three‑phase power; city water and sewer