Mixed-Use Property with Redevelopment
For Sale
$399,900
4192 Liberty Rd S, Salem, OR 97302
South Salem corner lot with high visibility and redevelopment opportunities.
Property Size1,475 SF
Lot Size0.29 Acres
Days on Market317
Property Features for 4192 Liberty Rd S
General Information
Standard status
Active
Size
1,475 SF
Lot size
0.29 Acres
Property subtype
Single Family Detached
Building Details
Building Size
1,475 SF
Year Built
1949
Listing Agency:
REAL ESTATE 55
Listed By:
MIKE BARNES
(503) 581-0055
Source:
Kw
Added: Nov 24, 2025
Changed: Oct 1
Last Checked: Oct 7 at 9:34AM
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 REAL ESTATE 55
Investment Insights
Based on property information with market context.
This mixed-use property, situated on a corner lot in South Salem, offers significant potential. The location benefits from high visibility, easy access, and a substantial traffic count. The property is suitable for redevelopment or utilizing the existing structures to meet specific needs. A quick sale is intended.
Key Highlights
- High‑visibility corner lot in South Salem
- Mixed‑use property with redevelopment potential
- High traffic count location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,107
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,140
$322.1K
Cap Rate 7%
$230,100
$230.1K
Cap Rate 9%
$178,967
$179.0K
Market Conditions
NOI Build-Up for 1,475 SF
Gross rent
$28.3K $19.20/SF
− Vacancy
−$2.5K −$1.73/SF
EGI
$25.8K $17.47/SF
− OpEx
−$9.7K −$6.55/SF
NOI
$16.1K $10.92/SF
Area
Salem, OR
Vacancy
9.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,140
Cap Rate 7%
$230,100
Cap Rate 9%
$178,967
Alternative Uses
Best Use
Mixed Use
$230.1K
$201.3K – $268.5K
NOI $16,107 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.6K
$342.7K – $456.9K
NOI $27,414 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 97302, OR
39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - South Salem corner lot with high visibility and redevelopment opportunities.
Where is this mixed-use property located?
The property is located at 4192 Liberty Rd S 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: High‑visibility corner lot in South Salem; Mixed‑use property with redevelopment potential; High traffic count location
