Four-Unit Flex
New
For Sale
$1,200,000
1310-1330 12th St SE, Salem, OR 97302
CG-zoned commercial property combines occupied suites with space available for a new business.
Property Size9,318 SF
Price / SF$128.78
Days on Market3
Property Features for 1310-1330 12th St SE
General Information
Standard status
Active
Size
9,318 SF
Total Parking Spaces
16
Property subtype
Retail
Zoning
CG
Building Details
Building Size
9,318 SF
Year Built
1987
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Mountain West Real Estate
Listed By:
Melissa Rodriguez · License #201222077
(503) 566-5718
Source:
Cbcworldwide
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 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 Coldwell Banker Commercial Mountain West Real Estate
Investment Insights
Based on property information with market context.
Built in 1987, this freestanding flex property in Salem, Oregon, contains 9,318 SF across four units. Three units are leased, while approximately 3,600 SF is vacant. The CG zoning and stated potential for retail, office, or flex use provide several possible commercial configurations.
Key Highlights
- 9,318 SF freestanding building
- Four commercial units; three are leased
- Approx 3600 Vacant SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,647
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,912,940
$1.9M
Cap Rate 7%
$1,366,386
$1.4M
Cap Rate 9%
$1,062,744
$1.1M
Market Conditions
NOI Build-Up for 9,318 SF
Gross rent
$156.5K $16.80/SF
− Vacancy
−$9.4K −$1.01/SF
EGI
$147.1K $15.79/SF
− OpEx
−$51.5K −$5.53/SF
NOI
$95.6K $10.26/SF
Area
Salem, OR
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,912,940
Cap Rate 7%
$1,366,386
Cap Rate 9%
$1,062,744
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.87M
NOI $112,123 @ 7.0% cap · market cap 9.34%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,622
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
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
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Similar Off Market Nearby
- Oregon Beverage Services — 2713 19th St SE, Salem, OR 97302
- Dynasys Inc — 1825 12th St SE, Salem, OR 97302
- Willabys Catering & Event — 765 Liberty St SE, Salem, OR 97301
Frequently Asked Questions
What type of property is this?
Flex space - CG-zoned commercial property combines occupied suites with space available for a new business.
Where is this flex space located?
The property is located at 1310-1330 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 SF freestanding building; Four commercial units; three are leased; Approx 3600 Vacant SF
