Salem Warehouse with Heavy
560 21st St SE Salem, OR
560 21st St SE, Salem, OR, 00000
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For Sale
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65,597 SF Salem warehouse featuring heavy electrical capacity.
Property Size65,597 SF
Lot Size1.79 Acres
Price / SF$111.29
Days on Market464
Property Features for 560 21st St SE
General Information
- Standard status
- Active
- Size
- 65,597 SF
- Lot size
- 1.79 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Macadam Forbes
(503) 858-0049
Listed by
Nathan Getty · License ##200812036
Source
Moodyscre
Added: Apr 15, 2025 Updated: Jul 6 at 10:24AM Checked: Jul 21 at 6:19AM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This 65,597 square foot warehouse is located in Salem, Oregon. The property features heavy electrical capacity and membrane roofing. Access control is in place. The property includes paved parking areas.
Key Highlights
- Heavy electrical service ideal for various operations.
- Paved parking available.
- Features membrane roofing.
Local Financial Insights For Industrial
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 | $944.6k | $14.40 |
| − Vacancy | −$47.2k | −$0.72 |
| EGI | $897.4k | $13.68 |
| − OpEx | −$269.2k | −$4.10 |
| NOI | $628.2k | $9.58 |
65,597 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$9.99M
$8.74M – $11.65M
NOI $699,198 @ 7.0% cap · market cap 9.58%
Second Best
Industrial
$8.97M
$7.85M – $10.47M
NOI $628,157 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$17.42M
$15.24M – $20.32M
NOI $1,219,160 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pharmers Market Salem
Big Box & Wholesale Store
The American Dumpster Rental ...
General Contractor
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FAQs
What type of property is this?
Warehouse - 65,597 SF Salem warehouse featuring heavy electrical capacity.
Where is this warehouse located?
The property is located at 560 21st St SE Salem, OR.
What is the asking price?
The asking price for this property is $7,300,000.
What are key features of this property?
This property features: Heavy electrical service ideal for various operations.; Paved parking available.; Features membrane roofing.
