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    Retail Building on Fairgrounds Road

    1695 Fairgrounds Rd NE Salem, OR 97301

    1695 Fairgrounds Rd NE, Salem, OR, 97301
    Contact for pricing
    For Sale
    Contact for pricing

    Retail building with frontage on Fairgrounds Rd for sale.

    Property Size5,000 SF
    Price / SF$180
    Days on Market613

    Property Features for 1695 Fairgrounds Rd NE

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1948
    Listing agency Nathan Levin Co
    Listed by Ian Levin · License #OR 200510306
    Source Crexi
    Added: Nov 15, 2024 Updated: Jul 6 at 8:07AM Checked: Jul 21 at 6:12AM

    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 Nathan Levin Co

    Investment Insights

    Based on property information with market context.

    This is a 5,000 square foot building with frontage on Fairgrounds Road.

    Key Highlights

    • Frontage on Fairgrounds Rd.
    • Great building
    • Year Built: 1948

    Local 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 (±1% cap)
    NOI $60,165 @ 7.0% cap · market cap 6.69%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.33M
    $1.16M – $1.55M (±1% cap)
    NOI $92,928 @ 7.0% cap · market cap 10.33%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    (Bike/Boat/Book/etc) Store Veterinary Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store HVAC Service (Bike/Boat/Book/etc) Store Locksmith Catering Service (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Retail space - Retail building with frontage on Fairgrounds Rd for sale.
    Where is this retail space located?
    The property is located at 1695 Fairgrounds Rd NE Salem, OR.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Frontage on Fairgrounds Rd.; Great building; Year Built: 1948
    Contact an agent
    (971) 707-4590 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ian Levin
    Ian Levin
    Real Estate License ID: OR 200510306
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