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    1515 13Th St SE Salem, OR 97302

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    For Sale
    $925,000

    Single-story building featuring retail showroom and warehouse with upgrades.

    Property size:
    7,168 SF
    Lot size:
    0.23 Acres

    Property Features for 1515 13Th St SE

    General Information

    Size
    7,168 SF
    Lot size
    0.23 Acres

    Source: SMI Real Estate Agent Elesa Doll

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

    Overview

    Retail Showroom with Warehouse Space

    This single-story building includes a 1,120 square foot retail showroom with frontage on 13th Street, benefiting from high traffic counts. The property also features a 6,048 square foot warehouse, equipped with three 13-foot roll-up doors, an overhead crane, mezzanine storage, and a small office space. The warehouse is powered by three-phase, 240v electricity and features upgraded lighting. A new roof was installed on the warehouse in 2024. The building is accessible from 13th Street, Lewis Street, and an alleyway on the south side, offering convenient access to downtown and I-5. There are three additional unimproved tax lots totaling 0.34 acres located on the west side of the building. The property is suitable for retail and warehouse operations.
    Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

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

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

    Similar Places Nearby

    Storage 4 Less, Archive Alternatives, Salem Distribution Center

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0295324
    Latitude
    44.9226842

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    FAQs

    What type of property is this?
    Warehouse - Single-story building featuring retail showroom and warehouse with upgrades.
    Where is this warehouse located?
    The property is located at 1515 13Th St SE Salem, OR.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - High-traffic location on 13th Street provides **excellent retail showroom exposure.**; - Large 6,048 SF warehouse space with **three 13’ roll-up doors and an overhead crane.**; - New warehouse roof installed in 2024.
    (503) 884-1273
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    1515 13Th St SE Salem, OR 97302
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    Salem, OR 97302
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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
    1515 13Th St SE Salem, OR 97302
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