Cold Storage
1400 Salem Industrial Dr, Salem, OR 97301
For Sale
$2,100,000
IG-zoned facility combines refrigerated warehouse space with covered loading and dedicated office and support areas.
Property Size13,125 SF
Price / SF$160
Days on Market472
Property Features for 1400 Salem Industrial Dr
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Warehouse & Industrial
Clear Height
Drive-In Doors
Power
Voltage
Three-Phase Power
Cold Storage
Cold Storage Area
Cold Storage Temp
Additional Details
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Bnkr/Commercial Div
(503) 588-3508
Listed By:
Alex Rhoten · License OR #841000042
(503) 587-4777
Source:
Horsepowerrealestateproperties
Added: Jul 31, 2025
Changed: Nov 11
Last Checked: Nov 13 at 2:43PM
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.
Built in 1979, this 13,125-square-foot cold storage facility includes approximately 12,500 square feet of refrigerated warehouse space and about 625 square feet of office, restroom, and compressor-room area. A separate covered storage and loading area measures approximately 3,240 square feet. Two grade-level doors, measuring 10 feet and 14 feet, are paired with a mobile dock ramp.
Ten ceiling-mounted evaporators were replaced in 2020, and the refrigeration system can reach approximately 25 degrees. The warehouse offers 21.5-foot clear height and three-phase, 240-volt, 400-amp electrical service. The property is zoned IG.
Ten ceiling-mounted evaporators were replaced in 2020, and the refrigeration system can reach approximately 25 degrees. The warehouse offers 21.5-foot clear height and three-phase, 240-volt, 400-amp electrical service. The property is zoned IG.
Key Highlights
- Approximately 12,500 SF of refrigerated warehouse area
- Two grade‑level doors: 10' and 14'; mobile dock ramp included
- Approximately 3,240 SF of covered storage and loading area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,899
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,797,980
$2.8M
Cap Rate 7%
$1,998,557
$2.0M
Cap Rate 9%
$1,554,433
$1.6M
Market Conditions
NOI Build-Up for 13,125 SF
Gross rent
$173.3K $13.20/SF
− Vacancy
−$8.7K −$0.66/SF
EGI
$164.6K $12.54/SF
− OpEx
−$24.7K −$1.88/SF
NOI
$139.9K $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%
$2,797,980
Cap Rate 7%
$1,998,557
Cap Rate 9%
$1,554,433
Alternative Uses
Best Use
Warehouse
$2.00M
$1.75M – $2.33M
NOI $139,899 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.48M
$3.05M – $4.07M
NOI $243,936 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
21 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
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Business Placement
Demographics for 97301, OR
56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - IG-zoned facility combines refrigerated warehouse space with covered loading and dedicated office and support areas.
Where is this refrigerated & cold storage located?
The property is located at 1400 Salem Industrial Dr Salem, OR.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Approximately 12,500 SF of refrigerated warehouse area; Two grade‑level doors: 10' and 14'; mobile dock ramp included; Approximately 3,240 SF of covered storage and loading area
