Albany Industrial Outdoor Storage
3923 Old Salem Rd NE Albany, OR 97321
For Sale
$3,850,000
9-acre industrial site with warehouse and office space for sale.
Property Size16,754 SF
Price / SF$229.80
Days on Market242
Property Features for 3923 Old Salem Rd NE
General Information
- Standard status
- Active
- Size
- 16,754 SF
- Property subtype
- Warehouse
Building Details
- Year Built
- 1980
Listing Agency:
(541) 517-9985
Listed By:
Brody Cohen, SIOR
(541) 517-9985
Source:
Corfac
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: Jul 24 at 5:53AM
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 Brody Cohen, SIOR
Investment Insights
Based on property information with market context.
This industrial property, suitable for outdoor storage or trucking operations, features a 16,754 square foot building that includes warehouse and office space. The site encompasses approximately 9 acres, with around 5.5 acres improved. The property's location provides strategic access, situated less than one minute from the I-5 on and off ramps, offering multiple points of entry and exit. The warehouse and truck repair building includes multiple drive-thru bays. The property will be available upon closing, with the possibility of a short-term leaseback by the current tenant.
Key Highlights
- 9‑Acre Site (approximately 5.5‑AC Improved) ideal for outdoor storage or trucking
- Strategically located less than one minute from I‑5 on and off ramps
- 16,754 SF Warehouse & Office Space
Financial Insights For Warehouse
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 | $251.3k | $15.00 |
| − Vacancy | −$9.8k | −$0.58 |
| EGI | $241.5k | $14.42 |
| − OpEx | −$36.2k | −$2.16 |
| NOI | $205.3k | $12.25 |
16,754 SF · lease $15.00/SF/yr · vacancy 3.89% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.93M
$2.57M – $3.42M
NOI $205,304 @ 7.0% cap · market cap 5.33%
Second Best
Industrial
$2.42M
$2.11M – $2.82M
NOI $169,074 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$4.88M
$4.27M – $5.69M
NOI $341,653 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gardner Trucking Inc
Trucking Company
FAQs
What type of property is this?
Warehouse - 9-acre industrial site with warehouse and office space for sale.
Where is this warehouse located?
The property is located at 3923 Old Salem Rd NE Albany, OR.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: 9‑Acre Site (approximately 5.5‑AC Improved) ideal for outdoor storage or trucking; Strategically located less than one minute from I‑5 on and off ramps; 16,754 SF Warehouse & Office Space
