Corner Showroom with Shop
For Sale
Contact for pricing
1695 Fairgrounds Rd NE, Salem, OR 97301
Corner showroom with signage, open showroom area, shop bay with office, and 3-phase power; new roof added in 2019.
Property Size5,000 SF
Price / SF$198
Days on Market212
Property Features for 1695 Fairgrounds Rd NE
General Information
Standard status
Active
Size
5,000 SF
Property subtype
RETAIL
Zoning
Mu Ii
Additional Details
Traffic Count
7,750 vehicles/day
Heavy Power
Yes
Amenities
corner location
signage
open showroom
shop bay with office
possible live/work
Listing Agency:
NLC Commercial Real Estate
(503) 383-8173
Listed By:
Ian Levin · License #200510306
(503) 383-8173
Source:
Moodyscre
Added: Dec 30, 2025
Changed: Jul 27
Last Checked: Jul 29 at 1:10PM
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 NLC Commercial Real Estate
Investment Insights
Based on property information with market context.
This corner commercial property offers an open showroom layout along with a shop bay supported by an office. The site is described as having signage and 3 phase power. A new roof was installed in 2019, and the property is noted as possibly suitable for live/work use.
The property is listed in the MUII zone and is described with a 7,750 daily traffic count, which may support high visibility for showroom and retail-oriented use. Seller carried financing is also indicated as part of the sale.
With its showroom configuration plus shop bay and office, the building can support businesses that need both customer-facing space and a back-area for operations.
The property is listed in the MUII zone and is described with a 7,750 daily traffic count, which may support high visibility for showroom and retail-oriented use. Seller carried financing is also indicated as part of the sale.
With its showroom configuration plus shop bay and office, the building can support businesses that need both customer-facing space and a back-area for operations.
Key Highlights
- Mu II zone commercial property with 5,000 SF
- Corner location with signage and an open showroom area
- Shop bay with office, plus possible live/work use
Financial Insights For Retail
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 | $90.0k | $18.00 |
| − Vacancy | −$4.1k | −$0.81 |
| EGI | $86.0k | $17.19 |
| − OpEx | −$25.8k | −$5.16 |
| NOI | $60.2k | $12.03 |
5,000 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$859.5K
$752.1K – $1.00M
NOI $60,165 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,928 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7,750 VPD
Traffic count
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Corner showroom with signage, open showroom area, shop bay with office, and 3-phase power; new roof added in 2019.
Where is this showroom located?
The property is located at 1695 Fairgrounds Rd NE Salem, OR.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Mu II zone commercial property with 5,000 SF; Corner location with signage and an open showroom area; Shop bay with office, plus possible live/work use
