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    1815 22Nd St SE Salem, OR 97302

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    For Lease
    $0.80 SF/Yr ($5,600 /Mo)

    Light industrial space with flexible options for lease.

    Property size:
    84,000 SF
    Lot size:
    11.29 Acres

    Property Features for 1815 22Nd St SE

    General Information

    Size
    84,000 SF
    Lot size
    11.29 Acres

    Source: NLC Commercial Real Estate Agent Ian Levin

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

    Overview

    New Industrial Flex Space Available

    This property offers light industrial space, blending capacity with options. Phase 1 of the development is on track for delivery in early Q4 of 2023, with Phase 2 delivering in Q2 of 2024. The smallest demisable footprint will be 1,750 square feet, ranging up to 14,000 square feet for an entire building. Certain buildings will include dock-high loading with common access for use by tenants needing large truck deliveries. The building space will have an eve height of 20 feet and clear-span roof framing for open floor space. All buildings will have fire suppression and 3-phase power. Each demised unit will have its own entrance, overhead door, separate power, a small office, and a restroom. The property's total size is 84,000 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    Simply Plated Catering, Oregon Beverage Services

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0188783
    Latitude
    44.9184574

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    FAQs

    What type of property is this?
    Flex space - Light industrial space with flexible options for lease.
    Where is this flex space located?
    The property is located at 1815 22Nd St SE Salem, OR.
    What is the lease rate?
    The lease rate is $0.80 SF/Yr.
    What are key features of this property?
    This property features: - Flexible space options: Units range from 1750 sf to 14,000 sf.; - Dock high loading available in certain buildings with common access.; - Clear span roof framing provides open floor space with a 20’ eve height.
    (503) 383-8173
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    1815 22Nd 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
    1815 22Nd St SE Salem, OR 97302
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