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    1215 Wilbur St SE Salem, OR 97302

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    For Sale
    $1,450,000

    8,280 SF industrial building with tenant improvements and upgrades.

    Property size:
    8,280 SF
    Lot size:
    0.28 Acres

    Property Features for 1215 Wilbur St SE

    General Information

    Size
    8,280 SF
    Lot size
    0.28 Acres

    Source: Tradition Real Estate Partners Agent AJ Nash

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

    Overview

    Occupied Industrial Building with Upgrades

    This is an 8,280 square foot fully occupied industrial building. The property is located in a flexible industrial-commercial hub with convenient access to I-5. The building is zoned IC. Tenant invested improvements exceed $1,000,000, with an additional $200,000+ in tenant invested improvements planned for 2025. The electrical system was upgraded in 2015-2016 with a 3-phase 277V 600A power supply, and further enhanced with a 3-phase 480V 400A addition to support high-demand operations. The flat roof was replaced in 2018. Plumbing upgrades, including the addition of floor drains, were also completed in 2018. The property features an advanced security system and a sophisticated HVAC system.
    Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.030051
    Latitude
    44.9250716

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    FAQs

    What type of property is this?
    Manufacturing property - 8,280 SF industrial building with tenant improvements and upgrades.
    Where is this manufacturing property located?
    The property is located at 1215 Wilbur St SE Salem, OR.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Fully occupied 8,280 SF industrial building.; - $1,000,000+ Tenant Invested Improvements.; - Advanced security and sophisticated HVAC system.
    (503) 559-9279
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    1215 Wilbur St SE 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
    1215 Wilbur St SE Salem, OR 97302
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