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    32140 Hooska Ave Tangent, OR

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    Industrial park warehouse space available for lease in Tangent, Oregon.

    Type:INDUSTRIAL
    Property size:
    162,000 SF
    Lot size:
    7.14 Acres
    Added:
    Aug 15, 2023
    Days on Market:
    991
    Last Refresh:
    Apr 5 at 11:21 pm

    Property Features for 32140 Hooska Ave

    General Information

    Standard status
    Active
    Size
    162,000 SF
    Lot size
    7.14 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 32140 Hooska Ave Contact us

    We can help!

    Listing Contact
    Curt Arthur
    Curt Arthur

    Listing agent Curt Arthur License #OR 910200259

    Listing office SVN Commercial Advisors | Salem

    Listing date Aug 15, 2023

    Source Moodyscre

    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 SVN Commercial Advisors | Salem

    Overview

    Tangent Industrial Park Warehouse Space

    Located in the Tangent Business Park, a master-planned industrial park west of Interstate 5 in the mid-Willamette Valley, Building 63 is planned for completion in mid-2025. The building will feature a 32' clear height, 27 dock doors, 6 grade doors, and ESFR sprinklers. The property offers a total of 162,000 square feet and can be demised to approximately 30,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Auto Parts Store Bar & Pub Daycare Center Computer & Electronic Repair Garden Center Pet Store Pet Store & Service

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

    Similar Places Nearby

    • Tangent Warehouse Building 11 — 32128-32218 Old Hwy 34, Tangent, OR 97389
    • ABC Storage — 33845 OR-99E, Tangent, OR 97389
    • Linn West Inc — 33731 OR-99E, Tangent, OR 97389
    • South Albany Self Storage — 33845 OR-99E, Tangent, OR 97389

    Location Insight

    • Map
    • Local Demand
    City
    Tangent
    County
    Linn
    State
    Oregon
    Longitude
    -123.108
    Latitude
    44.5412

    Nearby Similar for Lease

    • $1.25 SF/Yr

      Tangent Highway Frontage Office Space

      Office space with highway frontage, high visibility, and ample parking.
      33935 Hwy 99E, Tangent, OR 97389
      View Details
    • $0.90 SF/Yr

      New Industrial Warehouse Near I-5

      New industrial warehouse with grade doors, ample parking, great visibility.
      31970 Cinema Way, Tangent, OR 97389
      View Details
    • $0.90 SF/Yr

      Tangent Warehouse Near Interstate 5

      Warehouse space available for lease, close to Interstate 5.
      Cinema Way, Tangent, OR
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    • Contact for pricing

      Industrial Warehouse Near I-5

      Industrial warehouse with grade doors, great parking, and visibility.
      31970 Cinema Way, Tangent, OR 97389
      View Details
    • Contact for pricing

      Tangent Industrial Park Location

      Premier industrial park location near Interstate 5.
      32160 Old Hwy 34, Tangent, OR
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial park warehouse space available for lease in Tangent, Oregon.
    Where is this warehouse located?
    The property is located at 32140 Hooska Ave Tangent, OR.
    What are key features of this property?
    This property features: Premier location in the Tangent Business Park, immediately west of Interstate 5.; New construction, planned for mid‑2025 completion.; 32' clear height suitable for various industrial uses.
    (503) 559-7990 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Curt Arthur
    Curt Arthur
    Real Estate License ID: OR 910200259
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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