Versatile Commercial Property with Development
3650 Mainline Dr Ne, Salem, OR 97301
Acre of level ground with existing structures and development potential.
Property size:
7,246 SFLot size:
1.00 AcrePrice / SF:
$179/SF- Added:
- Jul 1, 2025
- Days on Market:
- 335
- Last Refresh:
- May 26 at 10:24 pm
Property Features for 3650 Mainline Dr Ne
General Information
- Standard status
- Active
- Size
- 7,246 SF
- Lot size
- 1.00 Acre
Listing agent SHANE SCHUSTER License #201220302 (503) 382-7860
Listing office EXP REALTY, LLC (503) 382-7860
Listing date Jul 1, 2025
Source Exprealty
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 EXP REALTY, LLC
HighLights
- Acre of clear, level ground with gravel and asphalt pavement.
- Convenient central location with easy access to Interstate 5.
- Favorable environmental studies completed, ensuring readiness for development.
- Existing structures suitable for industrial use, including a main shop with automotive lift.
- Truck washing station with oil/water separator.
- Access to 3‑phase power.
Overview
This commercial property features an acre of clear, level ground with a mix of heavily packed gravel and asphalt pavement, accommodating heavy truck traffic, storage, or serving as a base for further development. The site is conveniently located midway between Portland and Eugene off the MLK Parkway, a major artery linking Interstate 5 and the Oregon coast. Its visible side street location allows for safe truck access to major routes and parallels a railroad spur line to a switch yard, offering expanded transportation options. Existing structures on the property can be used for industrial purposes or leased shop space, complementing the open space's potential. Adjacent to one of the paved portions is a truck washing station with an environmentally friendly oil and water separator, along with a partitioned-off center island previously used for above-ground fueling. The main shop includes a secure tool room, office space, and separate bathrooms. Equipped with an automotive lift and direct view from the main entrance, it is suitable for retail repair or truck maintenance. Access to 3-phase power supports heavy industrial needs or a fabrication shop. The main office is separated by a brick courtyard matching its front entrance and parking area. The rear structure features a high ceiling allowing truck and equipment access. Originally configured as two separate shops, the main shop includes a bathroom, office space, and upstairs storage and separate room. The secondary shop has been divided into a third shop space. An adjacent older mobile home has been used as parts storage. All buildings are in usable shape, but should be considered in variable states of disrepair. Level 1 and 2 environmental studies have been performed, with no results requiring any further level 3 action.
Local Financial Insights For Office B
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 | $156.5k | $21.60 |
| − Vacancy | −$23.5k | −$3.24 |
| EGI | $133.0k | $18.36 |
| − OpEx | −$33.3k | −$4.59 |
| NOI | $99.8k | $13.77 |
7,246 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.66M
NOI $99,777 @ 7.0% cap · market cap 7.68%
Second Best
Retail
$1.25M
$1.09M – $1.45M
NOI $87,191 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,671 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Mayrene's Catering — 2025 Carleton Way NE, Salem, OR 97301
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.0096302
- Latitude
- 44.9801645
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Acre of level ground with existing structures and development potential.
Where is this flex space located?
The property is located at 3650 Mainline Dr Ne Salem, OR.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Acre of clear, level ground with gravel and asphalt pavement.; Convenient central location with easy access to Interstate 5.; Favorable environmental studies completed, ensuring readiness for development.
