Warehouse Truck Repair
For Sale
Contact for pricing
3923 Old Salem Rd NE, Albany, OR 97321
Warehouse and truck repair building with multiple drive-thru bays and rapid access to I-5 on/off ramps.
Property Size16,754 SF
Price / SF$229.80
Days on Market136
Property Features for 3923 Old Salem Rd NE
General Information
Standard status
Active
Size
16,754 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Capacity Commercial Group
(503) 326-9000
Listed By:
Ryan Bowers
(503) 816-3925
Source:
Moodyscre
Added: Mar 20
Changed: Jul 29
Last Checked: Jul 29 at 2:29AM
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 warehouse/truck repair building includes multiple drive-thru bays, supporting vehicle service and repair operations that require convenient in-and-out access. The property is configured for active use with truck maneuvering in mind.
The site is strategically located less than one minute from the I-5 on/off ramps, with excellent access featuring multiple ingress and egress locations for smoother arrivals and departures.
The property is available upon closing, with the tenant potentially considering a short-term leaseback arrangement.
The site is strategically located less than one minute from the I-5 on/off ramps, with excellent access featuring multiple ingress and egress locations for smoother arrivals and departures.
The property is available upon closing, with the tenant potentially considering a short-term leaseback arrangement.
Key Highlights
- Warehouse/truck repair building with multiple drive‑thru bays
- Located less than one minute from the I‑5 on/off ramps
- Excellent access with multiple ingress and egress locations
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
—
—
no second resolved use
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 authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97321, OR
30,291
Population
11,790
Households
2.6
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
69.1 sq mi
ZIP Area
438
Density / Sq Mi
$95,687
Median Household Income
$45,963
Median Earnings
$1,264
Median Rent
$442,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse and truck repair building with multiple drive-thru bays and rapid access to I-5 on/off ramps.
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: Warehouse/truck repair building with multiple drive‑thru bays; Located less than one minute from the I‑5 on/off ramps; Excellent access with multiple ingress and egress locations
