Warehouse with Multiple Grade-Level
For Sale
Contact for pricing
1244 Front St NE, Salem, OR 97306
Industrial warehouse features 8 grade-level doors, 23'9" clear height, three-phase power, and off-street parking.
Property Size69,660 SF
Days on Market108
Property Features for 1244 Front St NE
General Information
Standard status
Active
Size
69,660 SF
Property subtype
Industrial - Manufacturing
Lease Type
NNN
Site & Location
Neighborhood
Grant Neighborhood Association
Warehouse & Industrial
Clear Height
23.9 ft
Drive-In Doors
8
Heavy Power
Yes
Additional Details
Lease Term
84 months
Building Details
Building Size
69,660 SF
Year Built
1960
Properties For Sale
at 1244 Front St NE
1244 Front St NE
Immediate
Size
69,660 SF
Type
Industrial
Lease Type
NNN
Sublease
No
Renewal Option
Yes
Listing Agency:
Macadam Forbes
Listed By:
Joe Kappler · License #200605069
(503) 708-9063
Source:
Commercialcafe
Added: Jul 17
Changed: Oct 25
Last Checked: Nov 1 at 2:34AM
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 Macadam Forbes
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Investment Insights
Based on property information with market context.
Warehouse building with practical distribution and operations features including 8 grade-level doors (two electric) and 9 gas heaters. The space offers 23'9" clear height and LED lighting. Utility improvements include plumbing for compressed air and three-phase electrical power rated at 480V, 400 amps.
Off-street parking is available for vehicles and staff. The warehouse also includes a door width of 14' and door heights ranging from 12' to 13' tall.
Internal structural layout includes column spacing of 19'10" between columns running north-south, with 84' east-to-west spacing.
Off-street parking is available for vehicles and staff. The warehouse also includes a door width of 14' and door heights ranging from 12' to 13' tall.
Internal structural layout includes column spacing of 19'10" between columns running north-south, with 84' east-to-west spacing.
Key Highlights
- $0.30/SF NNN for the first 2 years on a 7‑year lease (contact broker for more details)
- 8 grade‑level doors, including 2 electric; garage doors are 14' wide and 12'-13' tall
- 23'9" clear height with 19'10" column spacing north‑south and 84' east‑west
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$742,506
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,850,120
$14.9M
Cap Rate 7%
$10,607,229
$10.6M
Cap Rate 9%
$8,250,067
$8.3M
Market Conditions
NOI Build-Up for 69,660 SF
Gross rent
$919.5K $13.20/SF
− Vacancy
−$46.0K −$0.66/SF
EGI
$873.5K $12.54/SF
− OpEx
−$131.0K −$1.88/SF
NOI
$742.5K $10.66/SF
Area
Salem, OR
Vacancy
5.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,850,120
Cap Rate 7%
$10,607,229
Cap Rate 9%
$8,250,067
Alternative Uses
Best Use
Warehouse
$10.61M
$9.28M – $12.38M
NOI $742,506 @ 7.0% cap · market cap 247,502,000.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.50M
$16.18M – $21.58M
NOI $1,294,673 @ 7.0% cap · market cap 431,557,666.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
23 ft
Clear height
8
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,009
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97306, OR
34,715
Population
14,151
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
32.4 sq mi
ZIP Area
1,071
Density / Sq Mi
$89,773
Median Household Income
$50,931
Median Earnings
$1,455
Median Rent
$438,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Highway 55 Storage — salem, or 97301
- IN Self Storage - Salem Wallace — 300 Musgrave Ave NW, Salem, OR 97304
- DBR Mini Storage — 297 Moyer Ln NW, Salem, OR 97304
- US Storage Centers — 350 Glen Creek Rd NW, Salem, OR 97304
- D Street Storage — 313 D St NE, Salem, OR 97301
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse features 8 grade-level doors, 23'9" clear height, three-phase power, and off-street parking.
Where is this warehouse located?
The property is located at 1244 Front St NE Salem, OR.
What are key features of this property?
This property features: $0.30/SF NNN for the first 2 years on a 7‑year lease (contact broker for more details); 8 grade‑level doors, including 2 electric; garage doors are 14' wide and 12'-13' tall; 23'9" clear height with 19'10" column spacing north‑south and 84' east‑west
