Flex Space with Fenced
1100 NE Old Salem Rd, Albany, OR 97321
For Sale
$1,350,000
Commercial, Albany, OR
Property Size9,840 SF
Lot Size2.72 Acres
Price / SF$137.20
Days on Market145
Property Features for 1100 NE Old Salem Rd
General Information
Property type
Property subtype
Zoning
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Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Building Details
Roof type
Listing Agency:
KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM
(541) 738-7770
Listed By:
LAURA GILLOTT · License #920300248
(541) 990-7785
Added: Jun 18
Changed: Oct 16
Last Checked: Nov 9 at 8:06AM
MLS# 842287
Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex-space property combines a 9,328-square-foot industrial building with 512 square feet of office space on a 2.72-acre site. The building offers 14' eaves, a 12' x 14' roll-up door, an interior loading dock, rail and jib cranes, and 600 volts of three-phase power. Oil heating and an aluminum roof are also noted.
Located at 1100 NE Old Salem Rd in Albany, Oregon, the property is zoned GI, or General Industrial. City water and sewer are available, while the fenced yard provides secured outdoor space. The site also includes room to expand, adding flexibility for industrial, shop, or warehouse operations.
Located at 1100 NE Old Salem Rd in Albany, Oregon, the property is zoned GI, or General Industrial. City water and sewer are available, while the fenced yard provides secured outdoor space. The site also includes room to expand, adding flexibility for industrial, shop, or warehouse operations.
Key Highlights
- 9,328 SF industrial building plus 512 SF of office space
- 2.72‑acre site zoned GI, or General Industrial
- 600 volts of three‑phase power with 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
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
NOI $120,580 @ 7.0% cap · market cap 8.93%
Second Best
Industrial
$1.42M
$1.24M – $1.66M
NOI $99,301 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$2.87M
$2.51M – $3.34M
NOI $200,660 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Balanced
Demand for This Use
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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
$442,400
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Linn County, OR
Properties on Market for Flex space in Linn County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Affair Catering 4 U — 3700 Knox Butte Rd E, Albany, OR 97322
Frequently Asked Questions
What type of property is this?
Flex space - General Industrial zoning, fenced yard space, and city water and sewer serve the property.
Where is this flex space 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 industrial building plus 512 SF of office space; 2.72‑acre site zoned GI, or General Industrial; 600 volts of three‑phase power with city water and sewer
