Four-Unit Mixed-Use
1310 12th St SE, Salem, OR 97302
For Sale
$1,200,000
CG zoning and a combination of occupied and available space support several commercial configurations.
Property Size9,318 SF
Price / SF$128.78
Days on Market25
Property Features for 1310 12th St SE
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Building Size
Tenancy
Listing Agency:
Coldwell Bnkr/Commercial Div
Listed By:
MELISSA RODRIGUEZ
(971) 388-5154
Source:
Theoregonhomefinder
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 3:48PM
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 Coldwell Bnkr/Commercial Div
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Investment Insights
Based on property information with market context.
The 9,318-square-foot building dates to 1987 and is divided into four units. Three units are leased, while approximately 3,600 square feet is vacant. The property is zoned CG, with retail, office, and flex space identified as potential uses.
Situated at 1310 12th St SE in Salem, Oregon, the property offers a combination of leased space and available area within one commercial building.
Situated at 1310 12th St SE in Salem, Oregon, the property offers a combination of leased space and available area within one commercial building.
Key Highlights
- 9,318‑square‑foot building constructed in 1987
- Four units, with three leased
- Approximately 3,600 square feet vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,753
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,035,060
$2.0M
Cap Rate 7%
$1,453,614
$1.5M
Cap Rate 9%
$1,130,589
$1.1M
Market Conditions
NOI Build-Up for 9,318 SF
Gross rent
$178.9K $19.20/SF
− Vacancy
−$16.1K −$1.73/SF
EGI
$162.8K $17.47/SF
− OpEx
−$61.1K −$6.55/SF
NOI
$101.8K $10.92/SF
Area
Salem, OR
Vacancy
9.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,035,060
Cap Rate 7%
$1,453,614
Cap Rate 9%
$1,130,589
Alternative Uses
Best Use
Mixed Use
$1.45M
$1.27M – $1.70M
NOI $101,753 @ 7.0% cap · market cap 8.48%
Second Best
Flex RnD
$1.37M
$1.20M – $1.59M
NOI $95,647 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$2.47M
$2.16M – $2.89M
NOI $173,181 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,622
Businesses Nearby
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Business Placement
Demographics for 97302, OR
39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CG zoning and a combination of occupied and available space support several commercial configurations.
Where is this mixed-use property located?
The property is located at 1310 12th St SE Salem, OR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 9,318‑square‑foot building constructed in 1987; Four units, with three leased; Approximately 3,600 square feet vacant
