Retail Showroom with Warehouse
For Sale
Contact for pricing
1515 13th St SE, Salem, OR
Single-story building featuring retail showroom and warehouse with upgrades.
Property Size7,168 SF
Lot Size0.23 Acres
Price / SF$129.05
Days on Market352
Property Features for 1515 13th St SE
General Information
Standard status
Active
Size
7,168 SF
Lot size
0.23 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
SMI Real Estate
(503) 884-1273
Listed By:
Elesa Doll · License #200708163
(503) 884-1273
Source:
Moodyscre
Added: Aug 13, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:58AM
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 SMI Real Estate
Investment Insights
Based on property information with market context.
This single-story building includes a 1,120 square foot retail showroom with frontage on 13th Street, benefiting from high traffic counts. The property also features a 6,048 square foot warehouse, equipped with three 13-foot roll-up doors, an overhead crane, mezzanine storage, and a small office space. The warehouse is powered by three-phase, 240v electricity and features upgraded lighting. A new roof was installed on the warehouse in 2024. The building is accessible from 13th Street, Lewis Street, and an alleyway on the south side, offering convenient access to downtown and I-5. There are three additional unimproved tax lots totaling 0.34 acres located on the west side of the building. The property is suitable for retail and warehouse operations.
Key Highlights
- High‑traffic location on 13th Street provides excellent retail showroom exposure.
- Large 6,048 SF warehouse space with three 13’ roll‑up doors and an overhead crane.
- New warehouse roof installed in 2024.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.6k | $13.20 |
| − Vacancy | −$4.7k | −$0.66 |
| EGI | $89.9k | $12.54 |
| − OpEx | −$13.5k | −$1.88 |
| NOI | $76.4k | $10.66 |
7,168 SF · lease $13.20/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,253 @ 7.0% cap · market cap 9.32%
Second Best
Warehouse
$1.09M
$955.1K – $1.27M
NOI $76,404 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$1.90M
$1.67M – $2.22M
NOI $133,222 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Storage 4 Less — 1805 22nd St SE, Salem, OR 97302
- Archive Alternatives — 347 Kearney St SE, Salem, OR 97302
- Salem Distribution Center — 2711 19th St SE, Salem, OR 97302
Frequently Asked Questions
What type of property is this?
Warehouse - Single-story building featuring retail showroom and warehouse with upgrades.
Where is this warehouse located?
The property is located at 1515 13th St SE Salem, OR.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: High‑traffic location on 13th Street provides **excellent retail showroom exposure.**; Large 6,048 SF warehouse space with **three 13’ roll‑up doors and an overhead crane.**; New warehouse roof installed in 2024.
