2809 Market St NE, Salem, OR
6,000 SF retail building in Salem's bustling retail corridor.
- Added:
- Mar 7, 2025
- Days on Market:
- 475
- Last Refresh:
- May 20 at 8:40 pm
Property Features for 2809 Market St NE
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 0.88 Acres
- Property subtype
- RETAIL
Listing office NAI Elliott (503) 504-2957
Listing date Mar 7, 2025
Source Moodyscre
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 NAI Elliott
HighLights
- High‑visibility location in Salem's retail corridor.
- Currently leased to well‑established tenants (Corner Market and Oregon Trail Bakery).
- Easy access to I‑5.
- Strong traffic counts.
- Suitable for investors or owner‑users.
- 6,000 SF single‑story retail building.
Overview
Local Financial Insights For Specialty 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 | $115.2k | $19.20 |
| − Vacancy | −$4.6k | −$0.77 |
| EGI | $110.6k | $18.43 |
| − OpEx | −$27.6k | −$4.61 |
| NOI | $82.9k | $13.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123
- Latitude
- 44.9502
