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    5490 Commercial St SE Salem, OR 97306

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    For Sale
    $1,500,000

    Flex/industrial space featuring bay doors and mezzanine storage.

    Property size:
    6,312 SF
    Lot size:
    0.36 Acres

    Property Features for 5490 Commercial St SE

    General Information

    Size
    6,312 SF
    Lot size
    0.36 Acres

    Source: First Commercial Real Estate Agent Tanner Morgan

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

    Overview

    Salem Flex Space with Bay Doors

    This 6,312 square foot flex space/industrial property is located in Salem, Oregon. It features seven 10’ x 14’ bay doors, facilitating access and flow. The property includes 16’ ceilings suitable for storage or accommodating large equipment. It is equipped with 3-phase power to support heavy machinery. A 141 square foot mezzanine provides additional storage space. The property was renovated in 2021 and includes a new break room and restrooms.
    Insight Report Location Intelligence

    Current Use by Public Records

    Woodward Heating, Air ... Hvac Contractor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0259839
    Latitude
    44.8760804

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    FAQs

    What type of property is this?
    Flex space - Flex/industrial space featuring bay doors and mezzanine storage.
    Where is this flex space located?
    The property is located at 5490 Commercial St SE Salem, OR.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Seven 10’ x 14’ bay doors for easy access and flow; - 16’ ceilings for storage or large equipment; - 3-phase power to support heavy machinery
    (503) 364-7400
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    5490 Commercial St SE Salem, OR 97306
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    Salem, OR 97306
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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
    5490 Commercial St SE Salem, OR 97306
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