Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5355 Gaffin Rd SE Salem, OR 97317

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,850,000

    24.88-acre agricultural property with 87,074 SF of structures.

    Property size:
    87,074 SF
    Lot size:
    24.88 Acres

    Property Features for 5355 Gaffin Rd SE

    General Information

    Size
    87,074 SF
    Lot size
    24.88 Acres

    Source: Hancock Real Estate Agent Terry Hancock

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

    Overview

    Salem Agricultural Property with Warehouses

    This 24.88-acre property, zoned for special agriculture, is positioned just outside the Urban Growth Boundary and the City of Salem limits. Previously used for hay processing, the property is ready for a new owner-user. The site is located just north of Mill Creek Corporate Center, near FedEx, Amazon, Home Depot, and Lineage distribution centers. The property includes a total of 87,074 square feet of structures.
    Insight Report Location Intelligence

    Current Use by Public Records

    Hay Kingdom Hay Supplier

    Suggested Use

    Restaurant Realty agency Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store Kitchen & Bath Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.951675
    Latitude
    44.90706

    Nearby Similar for Sale

    • $675,000
      4,192 SF

      Spacious Duplex on Large Lot

      Two well-maintained homes on a 0.58-acre lot, perfect for families.
      4455 Blueberry -4445 Ln NE, Salem, OR 97305
      View Details
    • $675,000
      25,265 SF

      Spacious Multi-Family Property in Salem

      Two homes on 0.58 acres, ideal for multi-generational living.
      4445 Blueberry Ln NE, Salem, OR 97305
      View Details
    • $749,900
      2,754 SF

      Salem Office Building with Apartment

      Two-story office conversion with studio apartment in South Salem.
      1705 Commercial St SE, Salem, OR 97302
      View Details
    • $649,900
      0.18 Acres

      Remodeled Duplex on Double Lot

      Remodeled duplex with two units on a double lot.
      1117 6Th St, Salem, OR 97304
      View Details
    • $508,000
      2,474 SF

      Salem Duplex on Corner Lot

      Duplex on large corner lot with updated interior/exterior remodel.
      2808-2806 Livingston St NE, Salem, OR 97301
      View Details
    • $505,000
      1,930 SF

      Turnkey Duplex in Prime Location

      Remodeled duplex near amenities, offering immediate rental income potential.
      1015 Park Ave NE, Salem, OR 97301
      View Details

    FAQs

    What type of property is this?
    Farm - 24.88-acre agricultural property with 87,074 SF of structures.
    Where is this farm located?
    The property is located at 5355 Gaffin Rd SE Salem, OR.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: - Large 24.88-acre property zoned for Special Agriculture.; - Boasts substantial 87,074 SF of total structures.; - Located just outside the Urban Growth Boundary and City of Salem limits.
    (503) 370-2581
    Request Owner's contact information
    5355 Gaffin Rd SE Salem, OR 97317
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5355 Gaffin Rd SE
    Salem, OR 97317
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5355 Gaffin Rd SE Salem, OR 97317
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.