Storefront Property with Ductless
For Sale
$399,900
4055 Silverton Rd NE, Salem, OR 97305
Commercial, Salem, OR
Property Size1,013 SF
Lot Size0.15 Acres
Price / SF$394.77
Days on Market183
Property Features for 4055 Silverton Rd NE
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CR
Parking
2
Directions
N on Lancaster Dr and E on Silverton Rd Ne
Standard status
Active
Size
1,013 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
2796
Utilities
Heating system
Ductless (Heating)
Cooling system
Ductless
Building Details
Year built
1950
Roof type
Shingle
Listing Agency:
JMG JASON MITCHELL GROUP-HILLSBORO
Listed By:
ERICK FLORES
(503) 516-6196
Added: Apr 21
Changed: Oct 20
Last Checked: Oct 20 at 6:06PM
MLS# 840054
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.
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Investment Insights
Based on property information with market context.
This 1,013-square-foot storefront sits on a 0.15-acre lot and was built in 1950. The building has ductless heating and cooling and a shingle roof. It is located at 4055 Silverton Rd NE in Salem, Oregon, and is zoned CR.
Key Highlights
- 1,013‑square‑foot storefront on a 0.15‑acre lot
- CR zoning
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,189
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,780
$243.8K
Cap Rate 7%
$174,129
$174.1K
Cap Rate 9%
$135,433
$135.4K
Market Conditions
NOI Build-Up for 1,013 SF
Gross rent
$18.2K $18.00/SF
− Vacancy
−$821 −$0.81/SF
EGI
$17.4K $17.19/SF
− OpEx
−$5.2K −$5.16/SF
NOI
$12.2K $12.03/SF
Area
Salem, OR
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,780
Cap Rate 7%
$174,129
Cap Rate 9%
$135,433
Alternative Uses
Best Use
Retail
$174.1K
$152.4K – $203.2K
NOI $12,189 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$269.0K
$235.3K – $313.8K
NOI $18,827 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97305, OR
44,535
Population
15,219
Households
2.9
Avg Household Size
33
Median Age
16%
College-Educated
77%
High-School Grad
47.2 sq mi
ZIP Area
944
Density / Sq Mi
$64,581
Median Household Income
$32,554
Median Earnings
$1,386
Median Rent
$339,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - CR zoning and ductless heating and cooling serve this commercial building.
Where is this storefront property located?
The property is located at 4055 Silverton Rd NE Salem, OR.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,013‑square‑foot storefront on a 0.15‑acre lot; CR zoning; Built in 1950
