Aviation Hangar Office
2545 Aerial Way SE Salem, OR 97302
2545 Aerial Way SE, Salem, OR, 97302
$995,000
For Sale
$995,000
Freestanding hangar-office with mezzanine and private offices, plus training/assembly space and private parking.
Property Size9,420 SF
Price / SF$105.63
Days on Market69
Property Features for 2545 Aerial Way SE
General Information
- Standard status
- Active
- Size
- 9,420 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2004
Listing agency
SPERRY - Pikes Northwest
(503) 569-0074
Listed by
Jerry Jones · License #OR #201232293
(503) 569-0074
Source
Sperrycga
Added: May 14 Updated: Jul 20 at 6:17PM Checked: Jul 21 at 4:54AM
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 SPERRY - Pikes Northwest
Investment Insights
Based on property information with market context.
This well-built hangar-office multi-purpose building includes hangar space, a mezzanine with enclosed and deck areas, and a first-floor training/assembly area. The interior also features a kitchen area, three private offices, and two restrooms, with separate men’s and women’s facilities. The property is described as having radiant floor heating and 400A power service, supporting a range of office and operational uses.
Positioned on a corner at Aerial Way and 25th Ave SE, the building is identified with an airport address and is noted as being close to I-5 with runway access. Additional site features include private parking.
The building is approximately 18 years old and is offered for sale as a versatile owner-user or investment opportunity. The property is identified as zoned PS and is presented with a high-quality buildout and modern amenities suitable for varied configurations.
Positioned on a corner at Aerial Way and 25th Ave SE, the building is identified with an airport address and is noted as being close to I-5 with runway access. Additional site features include private parking.
The building is approximately 18 years old and is offered for sale as a versatile owner-user or investment opportunity. The property is identified as zoned PS and is presented with a high-quality buildout and modern amenities suitable for varied configurations.
Key Highlights
- Freestanding 9,420 SF hangar‑office building with mezzanine at a corner location on Aerial Way and 25th Ave SE
- Year built 2004; includes 6,000 SF first floor plus 3,420 SF mezzanine for total 9,420 SF
- Building features radiant floor heating and power rated at 400A with 3‑phase service
Local Financial Insights For Industrial
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 | $135.6k | $14.40 |
| − Vacancy | −$6.8k | −$0.72 |
| EGI | $128.9k | $13.68 |
| − OpEx | −$38.7k | −$4.10 |
| NOI | $90.2k | $9.58 |
9,420 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,713 @ 7.0% cap · market cap 13.04%
Second Best
Flex RnD
$1.38M
$1.21M – $1.61M
NOI $96,694 @ 7.0% cap · market cap 9.72%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,076 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aviation real estate
Similar For Sale Nearby
FAQs
What type of property is this?
Aviation real estate - Freestanding hangar-office with mezzanine and private offices, plus training/assembly space and private parking.
Where is this aviation real estate located?
The property is located at 2545 Aerial Way SE Salem, OR.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Freestanding 9,420 SF hangar‑office building with mezzanine at a corner location on Aerial Way and 25th Ave SE; Year built 2004; includes 6,000 SF first floor plus 3,420 SF mezzanine for total 9,420 SF; Building features radiant floor heating and power rated at 400A with 3‑phase service
