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    1140 Wallace Rd NW Salem, OR 97304

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    For Lease
    $2 SF/Yr

    Turnkey retail suite with high visibility and traffic.

    Property size:
    105,457 SF
    Lot size:
    105,457 SF

    Property Features for 1140 Wallace Rd NW

    General Information

    Size
    105,457 SF

    Source: Nick Williams, CCIM Agent Nick Williams, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Suite in Anchored Center

    This inline retail suite is located within an established shopping center spanning over 8 acres. Anchored by Roth’s Fresh Markets and complemented by national and regional brands such as Starbucks, Baskin-Robbins, and Tan Republic, the center benefits from consistent customer traffic. The location offers high visibility and accessibility, with traffic counts exceeding 30,000 vehicles per day and ample on-site parking. The suite is configured for a salon, barber shop, or personal services business, featuring existing plumbing, an in-suite restroom, new flooring, and updated interior finishes. This creates a move-in-ready environment. The suite presents a turnkey opportunity for an operator to capture demand within a retail destination, with no direct competitors within the property. The suite will be available for occupancy starting November 1, 2025. Current CAM's are $6.64/sf/year, including property tax, insurance and operating costs; $3.60/sf is attributable to property taxes.
    Location Intelligence

    Current Use by Public Records

    Perfect Look Hair ... Hair Salon

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Liberty Plaza, BitcoinNW Bitcoin ATM, Sunglass Hut at Macy's, Casa de Monica, Salem Center

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0498513
    Latitude
    44.9511107

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    FAQs

    What type of property is this?
    Shopping center - Turnkey retail suite with high visibility and traffic.
    Where is this shopping center located?
    The property is located at 1140 Wallace Rd NW Salem, OR.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - No direct competitors within the property offers a unique business opportunity.; - Ideally configured for salon/barber/personal services with existing plumbing and infrastructure.; - Turnkey, modern interior with new flooring, updated finishes, and private restroom.
    (503) 569-4449
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    1140 Wallace Rd NW Salem, OR 97304
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    Salem, OR 97304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1140 Wallace Rd NW Salem, OR 97304
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