1994 Commercial St NE Salem, OR 97301
Two-parcel commercial/industrial portfolio with showroom, office, and warehouse space.
- Added:
- May 13, 2026
- Days on Market:
- 61
- Last Refresh:
- Jul 4 at 11:25 am
Property Features for 1994 Commercial St NE
General Information
- Standard status
- Active
- Size
- 9,299 SF
- Lot size
- 0.60 Acres
- Property subtype
- Retail, Industrial
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
Investment Insights
Based on property information with market context.
Key Highlights
- Highway frontage on Liberty St NE (Hwy 99E) with 17,860 VPD.
- Two‑parcel commercial/industrial portfolio totaling 0.60 acres with CG zoning.
- 8,471 SF concrete tilt‑up building with showroom, office, and warehouse space.
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 | $167.4k | $18.00 |
| − Vacancy | −$7.5k | −$0.81 |
| EGI | $159.8k | $17.19 |
| − OpEx | −$48.0k | −$5.16 |
| NOI | $111.9k | $12.03 |
