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    845 Bassett St NW Salem, OR 97304

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    For Sale
    $5,000,000

    50,000 SF warehouse with MU-III zoning, leased until 2026.

    Property size:
    50,000 SF
    Lot size:
    6.54 Acres

    Property Features for 845 Bassett St NW

    General Information

    Size
    50,000 SF
    Lot size
    6.54 Acres

    Source: Tradition Real Estate Partners Agent AJ Nash

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

    Overview

    50,000 SF Concrete Tilt Warehouse

    This is a 50,000 square foot concrete tilt warehouse, constructed in 1964. The zoning is MU-III. The warehouse has a clear height of 26 feet and column spacing of 48 feet wide by 40 feet deep. There is one grade-level door in each building, along with 6 primary and 6 secondary dock doors. The property is equipped with sprinklers and is currently leased to Baxters, with the lease expiring on December 31, 2026.
    Location Intelligence

    Current Use by Public Records

    Truitt Bros. Inc. Food Products Supplier

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    Truitt. Bros. Inc., DBR Mini Storage, IN Self Storage - Salem Wallace, West Salem Storage, US Storage Centers

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0545577
    Latitude
    44.9455475

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    FAQs

    What type of property is this?
    Warehouse - 50,000 SF warehouse with MU-III zoning, leased until 2026.
    Where is this warehouse located?
    The property is located at 845 Bassett St NW Salem, OR.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Leased to Baxters until 12/31/26, providing immediate income.; - **50,000 sq. ft. concrete tilt warehouse (includes shop space).**; - **26-foot clear height suitable for various industrial uses.**
    (503) 559-9279
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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
    845 Bassett St NW Salem, OR 97304
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