Light Warehouse
For Sale
Contact for pricing
2558 Pringle Rd SE, Salem, OR 97302
Heated storage space with lighting and dedicated grade-level access.
Property Size1,622 SF
Price / SF$0.59
Days on Market298
Property Features for 2558 Pringle Rd SE
General Information
Standard status
Active
Size
1,622 SF
Property subtype
INDUSTRIAL
Additional Details
Drive-In Doors
1
Listing Agency:
Gall Real Estate Services, LLC
(503) 363-6051
Listed By:
Jennifer Hand · License #960600193
(503) 559-9839
Source:
Moodyscre
Added: Dec 26, 2025
Changed: Oct 15
Last Checked: Oct 19 at 7:37AM
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 Gall Real Estate Services, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,622-square-foot warehouse offers storage capacity for documents and other light warehouse applications. The space includes lighting and heat, along with one exclusive grade-level door for direct access.
A shared man door is also provided. Restroom facilities are not available within the space. The property is located at 2558 Pringle Rd SE in Salem, Oregon.
A shared man door is also provided. Restroom facilities are not available within the space. The property is located at 2558 Pringle Rd SE in Salem, Oregon.
Key Highlights
- 1,622 SF warehouse space
- Suitable for document storage and light warehouse uses
- One exclusive grade‑level door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,289
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,780
$345.8K
Cap Rate 7%
$246,986
$247.0K
Cap Rate 9%
$192,100
$192.1K
Market Conditions
NOI Build-Up for 1,622 SF
Gross rent
$21.4K $13.20/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$20.3K $12.54/SF
− OpEx
−$3.1K −$1.88/SF
NOI
$17.3K $10.66/SF
Area
Salem, OR
Vacancy
5.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,780
Cap Rate 7%
$246,986
Cap Rate 9%
$192,100
Alternative Uses
Best Use
Warehouse
$247.0K
$216.1K – $288.2K
NOI $17,289 @ 7.0% cap · market cap 1,819.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$430.7K
$376.8K – $502.4K
NOI $30,146 @ 7.0% cap · market cap 3,173.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97302, OR
39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Pringle Creek Storage — 1785 Salishan St SE, Salem, OR 97302
- Lineage — 2320 Madrona Ave SE, Salem, OR 97302
- Salem Distribution Center — 2711 19th St SE, Salem, OR 97302
- Storage 4 Less — 1805 22nd St SE, Salem, OR 97302
Frequently Asked Questions
What type of property is this?
Warehouse - Heated storage space with lighting and dedicated grade-level access.
Where is this warehouse located?
The property is located at 2558 Pringle Rd SE Salem, OR.
What are key features of this property?
This property features: 1,622 SF warehouse space; Suitable for document storage and light warehouse uses; One exclusive grade‑level door
