Elevator-Served
New
For Sale
Contact for pricing
3060 Industrial Way NE, Salem, OR 97301
Industrial warehouse with refrigerated storage, substantial loading infrastructure, and elevator service.
Property Size101,537 SF
Price / SF$132.96
Days on Market5
Property Features for 3060 Industrial Way NE
General Information
Standard status
Active
Size
101,537 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
32 ft
Office Build-Out
5,744 SF
Dock-High Doors
15
Drive-In Doors
3
Rail Access
Yes
Power
3,000 amps
Voltage
480 V
Cold Storage
Yes
Freezer
355 SF
Cooler
3,325 SF
Amenities
Elevator Served
Building Details
Building Size
101,537 SF
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Brett Bayne · License ##940700089
(503) 972-7280
Source:
Moodyscre
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 5 at 4:30AM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This 101,537 SF warehouse at 3060 Industrial Way NE includes 5,744 SF of upstairs office space, approximately 3,325 SF of cooler area, and approximately 355 SF of freezer space. Clear heights range from 20 feet to 32 feet, and the building is elevator served.
Loading infrastructure includes 15 dock doors, 12 equipped with pit levelers, along with 3 grade-level doors. The property also has a Union Pacific Railroad rail spur and electrical service comprising 3000 amps at 480v and 2000 amps at 208v. Located in Salem, Oregon, the facility combines warehouse, office, refrigerated, freezer, rail, and truck-loading components in one industrial property.
Loading infrastructure includes 15 dock doors, 12 equipped with pit levelers, along with 3 grade-level doors. The property also has a Union Pacific Railroad rail spur and electrical service comprising 3000 amps at 480v and 2000 amps at 208v. Located in Salem, Oregon, the facility combines warehouse, office, refrigerated, freezer, rail, and truck-loading components in one industrial property.
Key Highlights
- 101,537 SF warehouse with 5,744 SF of upstairs office space
- Approximately 3,325 SF cooler and approximately 355 SF freezer
- Clear heights range from 20’ – 32’
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,082,283
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$21,645,660
$21.6M
Cap Rate 7%
$15,461,186
$15.5M
Cap Rate 9%
$12,025,367
$12.0M
Market Conditions
NOI Build-Up for 101,537 SF
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.
Gross rent
$1.34M $13.20/SF
− Vacancy
−$67.0K −$0.66/SF
EGI
$1.27M $12.54/SF
− OpEx
−$191.0K −$1.88/SF
NOI
$1.08M $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$21,645,660
Cap Rate 7%
$15,461,186
Cap Rate 9%
$12,025,367
Alternative Uses
Best Use
Warehouse
$15.46M
$13.53M – $18.04M
NOI $1,082,283 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.96M
$23.59M – $31.45M
NOI $1,887,126 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
32 ft
Clear height
15
Dock-high doors
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97301, OR
56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Silverton RV and Boat Storage — 1725 silverton rd ne, salem, or 97301
- Storage Facility — 2680 Cherry Ave NE, Salem, OR 97301, United States
- AM-PM Movers — 2680 cherry ave ne, salem, or 97301
- Cherry Avenue Storage — 2680 Cherry Ave NE, Salem, OR 97301
- Transpacific Food Inc — 1440 Salem Industrial Dr NE, Salem, OR 97301
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with refrigerated storage, substantial loading infrastructure, and elevator service.
Where is this warehouse located?
The property is located at 3060 Industrial Way NE Salem, OR.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: 101,537 SF warehouse with 5,744 SF of upstairs office space; Approximately 3,325 SF cooler and approximately 355 SF freezer; Clear heights range from 20’ – 32’
