Flex Industrial Property with Two
3125 - 3157 Portland Road NE Salem, OR 97301
New
3125 - 3157 Portland Road NE, Salem, OR, 97301
$1,100,000
For Sale
$1,100,000
For sale as-is with two buildings totaling 6,212 SF and flexible zoning supporting multiple commercial uses.
Property Size6,212 SF
Price / SF$177.08
Days on Market3
Property Features for 3125 - 3157 Portland Road NE
General Information
- Standard status
- Active
- Size
- 6,212 SF
- Property subtype
- Industrial
Listing Agency
Capacity Commercial Group
(503) 559-7990
Listed by
Curt Arthur, SIOR · License #201230204
(503) 559-7990
Source
Corfac
Added: Jul 19 Updated: Jul 20 at 2:18 am Checked: Jul 20 at 2:18 am
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This for-sale flex industrial property is being offered for land value only and includes two buildings totaling 6,212 SF. The buildings and site are sold in as-is condition.
The property is described as having one of the most flexible zoning classifications, allowing retail, office, hospitality, and a variety of industrial uses. It also includes $2,900 per month income from month-to-month tenants who would like to stay.
The combination of two existing structures and broadly flexible zoning may support a range of commercial redevelopment or continued use planning, subject to buyer due diligence and local approvals.
The property is described as having one of the most flexible zoning classifications, allowing retail, office, hospitality, and a variety of industrial uses. It also includes $2,900 per month income from month-to-month tenants who would like to stay.
The combination of two existing structures and broadly flexible zoning may support a range of commercial redevelopment or continued use planning, subject to buyer due diligence and local approvals.
Key Highlights
- Land value only sale includes two buildings totaling 6,212 SF.
- Flexible zoning allows retail, office, hospitality, and a variety of industrial uses.
- Includes $2,900/month income from month‑to‑month tenants who would like to stay.
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 | $111.8k | $18.00 |
| − Vacancy | −$5.0k | −$0.81 |
| EGI | $106.8k | $17.19 |
| − OpEx | −$32.0k | −$5.16 |
| NOI | $74.7k | $12.03 |
6,212 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$934.4K – $1.25M
NOI $74,749 @ 7.0% cap · market cap 6.80%
Second Best
Warehouse
$945.9K
$827.7K – $1.10M
NOI $66,214 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,454 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Architectural Glass & Mirror
Hardware & Home Improvement
The Bake Shop
(Bike/Boat/Book/etc) Store
Keystone Support Services
Insurance Agency
Similar For Sale Nearby
Similar Off Market Nearby
- Mayrene's Catering — 2025 Carleton Way NE, Salem, OR 97301
FAQs
What type of property is this?
Flex space - For sale as-is with two buildings totaling 6,212 SF and flexible zoning supporting multiple commercial uses.
Where is this flex space located?
The property is located at 3125 - 3157 Portland Road NE Salem, OR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Land value only sale includes two buildings totaling 6,212 SF.; Flexible zoning allows retail, office, hospitality, and a variety of industrial uses.; Includes $2,900/month income from month‑to‑month tenants who would like to stay.
