2945 Liberty Rd S, Salem, OR
High-traffic location with redevelopment potential in South Salem.
- Added:
- Apr 10, 2025
- Days on Market:
- 432
- Last Refresh:
- May 20 at 9:11 pm
Property Features for 2945 Liberty Rd S
General Information
- Standard status
- Active
- Size
- 19,095 SF
- Lot size
- 2.00 Acres
- Property subtype
- RETAIL
Listing agent Jennifer Martin
Listing office First Commercial Real Estate (503) 364-7400
Listing date Apr 10, 2025
Source Moodyscre
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 First Commercial Real Estate
HighLights
- High‑traffic, high‑income demographic area in South Salem.
- Located at the intersection of Liberty Road South and Commercial Street SE, near major retailers.
- 19,095 SF building on two acres with signalized direct access.
- Mixed Use I zoning allows for redevelopment opportunities.
- Suitable for owner‑user or multi‑tenancy.
- Potential for repurposing or complete redevelopment.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $343.7k | $18.00 |
| − Vacancy | −$15.5k | −$0.81 |
| EGI | $328.2k | $17.19 |
| − OpEx | −$98.5k | −$5.16 |
| NOI | $229.8k | $12.03 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- SameDay-FlowerDelivery — 3165 commercial st se, salem, or 97302
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.047
- Latitude
- 44.912