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    Commercial Portfolio with Highway Frontage Title is generated by Realmo AI

    1985 Liberty St NE, Salem, OR 97301

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    Commercial/industrial portfolio with showroom, office, warehouse, and yard.

    Type:Retail, Industrial
    Property size:
    8,471 SF
    Lot size:
    0.60 Acres
    Added:
    May 13, 2026
    Days on Market:
    21
    Last Refresh:
    May 14 at 8:54 pm

    Property Features for 1985 Liberty St NE

    General Information

    Standard status
    Active
    Size
    8,471 SF
    Lot size
    0.60 Acres
    Property subtype
    Retail, Industrial

    Building Details

    Year Built
    1981

    Spaces For Lease

    at 1985 Liberty St NE Contact us

    We can help!

    Listing Contact
    Joshua Kay
    Joshua Kay

    Listing agent Joshua Kay License #OR 201215272

    Listing office First Commercial Real Estate Services

    Listing date May 13, 2026

    Source Crexi

    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 First Commercial Real Estate Services

    HighLights

    • 8,471 SF concrete tilt‑up building featuring showroom, office, and warehouse space.
    • Highway frontage on Liberty St NE (Hwy 99E) with high visibility (17,860 VPD).
    • Combined 0.60 acres with CG zoning, suitable for various commercial/industrial uses.
    • Includes a 0.30‑acre CG‑zoned yard/parking parcel.
    • Two‑parcel portfolio offered together as a single tenancy.
    • 14' x 14' roll‑up doors on north and west sides of the building.

    Overview

    This commercial/industrial portfolio features two parcels offered together. The first parcel, located at 1985 Liberty St NE, includes an 8,471 square foot concrete tilt-up building constructed in 1981. The building offers a combination of showroom, office, and warehouse space. It features 14' x 14' roll-up doors on the north and west sides. The property benefits from highway frontage on Liberty St NE (Hwy 99E), with a traffic count of 17,860 vehicles per day. The second parcel, situated at 1994 Commercial St NE, is a 0.30-acre yard/parking area with CG zoning and a legacy 828 square foot residential structure. The combined acreage of both parcels is 0.60 acres, with CG zoning. The property is suitable for owner-users, investors, contractors, auto/service businesses, light industrial, and showroom users. The tenant will have exclusive use of the entire 8,471 square foot building, including the showroom, office, and warehouse, the 14’ x 14’ roll-up doors on the north and west sides, all parking spaces, and the full 0.30-acre yard/parking parcel at 1994 Commercial St NE. Both parcels transfer as a single tenancy. The house is excluded in the lease.
    Location Intelligence

    Current Use by Public Records

    Home Fire Stove ... Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • Old World Bakery — 2020 Capitol St NE, Salem, OR 97301

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0318085
    Latitude
    44.9582481

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    FAQs

    What type of property is this?
    Flex space - Commercial/industrial portfolio with showroom, office, warehouse, and yard.
    Where is this flex space located?
    The property is located at 1985 Liberty St NE Salem, OR.
    What are key features of this property?
    This property features: 8,471 SF concrete tilt‑up building featuring showroom, office, and warehouse space.; Highway frontage on Liberty St NE (Hwy 99E) with high visibility (17,860 VPD).; Combined 0.60 acres with CG zoning, suitable for various commercial/industrial uses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joshua Kay
    Joshua Kay
    Real Estate License ID: OR 201215272
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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