3650 Mainline Dr NE, Salem, OR 97301
- Added:
- Jul 27, 2023
- Days on Market:
- 1044
- Last Refresh:
- Jun 4 at 7:06 pm
Property Features for 3650 Mainline Dr NE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- IG
- Standard status
- Active
- Size
- 7,246 SF
- Lot size
- 3.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6862
Utilities
- Water source
- Well
Building Details
- Roof type
- Aluminum
Listing agent SHANE SCHUSTER License #201220302 (503) 382-7860
Listing office EXP REALTY, LLC 4800 MEADOWS RD, STE 300, Lake Oswego, OR (888) 814-9613
Listing date Jul 27, 2023
Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Level 1 and 2 environmental studies completed; results show no need for further level 3 action (test results available on request).
- Truck‑wash station on site with an oil and water separator, plus a partitioned island previously used for above‑ground fueling.
- Site features mostly clear, level ground with a mix of heavily packed gravel and asphalt pavement for truck traffic and storage/base for development.
- Main shop includes secure tool room, office space, separate bathrooms, and is equipped with an automotive lift; 3‑phase power available.
- Rear structure has a high ceiling for truck and equipment access; secondary shop is divided into a third shop space.
- Water source is a well; roof is aluminum; adjacent older mobile home used for parts storage (all buildings in usable shape, variable disrepair).
Overview
The site is described as highly visible and accessed from a side street, providing truck access to major thru fares. The property is positioned mid-way between Portland and Eugene off MLK Parkway, an artery linking Interstate 5 and the Oregon coast. The remarks also note the site parallels a railroad spur line to a switch yard, adding potential transportation options. Environmental studies at Levels 1 and 2 have been completed with no results requiring Level 3 action, and test results are available upon request. Zoning is IG.
For tenants or buyers seeking a flexible industrial setup, the combination of a large paved/gravel yard, shop space with lift capability, and a truck wash station supports a range of truck maintenance, repair, fabrication, and vehicle-related operations. The presence of 3-phase power is also a practical fit for heavier industrial or shop uses, while the outdoor layout can accommodate storage needs alongside active operations.
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 | $139.1k | $19.20 |
| − Vacancy | −$5.6k | −$0.77 |
| EGI | $133.6k | $18.43 |
| − OpEx | −$33.4k | −$4.61 |
| NOI | $100.2k | $13.82 |
Alternative Uses
Current Use by Public Records
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