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    4746 Portland Rd NE Salem, OR 97305

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    For Sale
    $4,360,000

    Retail property with value-add opportunity in North Salem.

    Property size:
    37,870 SF
    Lot size:
    4.30 Acres

    Property Features for 4746 Portland Rd NE

    General Information

    Size
    37,870 SF
    Lot size
    4.30 Acres

    Source: Commercial Realty Advisors Northwest LLC Agent Sam Lefeber

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

    Overview

    Retail Property Near Interstate 5

    Located in North Salem, this retail property is situated near Interstate 5, at the corner of Portland Rd NE (Hwy 99 E) and Hayesville Dr NE. The property benefits from its proximity to nearby tenants, including McDonalds, Harbor Freight, 76, and Dutch Bros. The property includes vacant shop space, presenting a value-add opportunity. There are five years remaining on the lease, with options for two additional five-year terms and 7% rent increases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Roth's Fresh Markets Grocery Store U.S. Bank ATM Atm Western Union Money Transfer Service Primo Water Refill Bottled Water Supplier

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.984452
    Latitude
    44.992621

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    FAQs

    What type of property is this?
    Retail space - Retail property with value-add opportunity in North Salem.
    Where is this retail space located?
    The property is located at 4746 Portland Rd NE Salem, OR.
    What is the asking price?
    The asking price for this property is $4,360,000.
    What are key features of this property?
    This property features: - High-traffic location on corner of Portland Rd NE (Hwy 99 E) and Hayesville Dr NE, near I-5.; - Existing lease with 5 years remaining and options for renewal with 7% rent increases.; - Proximity to established tenants like McDonalds, Harbor Freight, Dutch Bros.
    (503) 866-1956
    Request Owner's contact information
    4746 Portland Rd NE Salem, OR 97305
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    Salem, OR 97305
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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
    4746 Portland Rd NE Salem, OR 97305
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