Truck Wash and Industrial
3650 Mainline Dr NE Salem, OR 97301
3650 Mainline Dr NE, Salem, OR, 97301
$1,300,000
For Sale
$1,300,000
COMMERCIAL - Salem, OR
Property Size7,246 SF
Lot Size3.09 Acres
Price / SF$179.41
Days on Market1089
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 Agency
EXP REALTY, LLC
(888) 814-9613
4800 MEADOWS RD, STE 300, Lake Oswego, OR
Listed by
SHANE SCHUSTER · License #201220302
(503) 382-7860
Added: Jul 27, 2023 Checked: Jul 19 at 10:06 pm
MLS# 807788
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.
Investment Insights
Based on property information with market context.
This industrial property includes a level, clear outdoor yard surfaced with heavily packed gravel and asphalt pavement, suited for heavy truck traffic, storage, or future development. An on-site truck washing station features an oil and water separator and a partitioned off-center island that was previously used for above-ground fueling. The property also has a main shop with a secure tool room, office space, and separate bathrooms, with direct visibility from the main entrance and an automotive lift. An office area is separated by a brick courtyard matching the front entrance and parking area. Additional improvements include a rear structure with high ceilings for truck and equipment access. The main shop was originally configured as two separate shops, with the secondary shop divided into a third shop space. An adjacent older mobile home has been used for parts storage. While all buildings are described as in usable shape, they are noted as being in variable states of disrepair.
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.
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.
Key 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.
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 | $130.4k | $18.00 |
| − Vacancy | −$5.9k | −$0.81 |
| EGI | $124.6k | $17.19 |
| − OpEx | −$37.4k | −$5.16 |
| NOI | $87.2k | $12.03 |
7,246 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.25M
$1.09M – $1.45M
NOI $87,191 @ 7.0% cap · market cap 6.71%
Second Best
Flex RnD
$1.06M
$929.7K – $1.24M
NOI $74,379 @ 7.0% cap · market cap 5.72%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
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 - Level gravel-and-asphalt yard supports storage or truck operations, paired with a truck wash station and multiple shop bays.
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: 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.
