Keizer Office Building For
4205 Cherry Ave NE, Keizer, OR 97303
Commercial Mixed-Use property with high visibility and easy access.
Type:Office
Property size:
2,475 SFLot size:
0.15 AcresPrice / SF:
$202/SF- Added:
- Jan 26, 2026
- Days on Market:
- 111
- Last Refresh:
- Apr 5 at 8:30 pm
Property Features for 4205 Cherry Ave NE
General Information
- Standard status
- Active
- Size
- 2,475 SF
- Lot size
- 0.15 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agent Nick Williams, CCIM License ##201230204 (503) 400-7851
Listing office SVN Commercial Advisors | Salem (503) 400-7851
Listing date Jan 26, 2026
Source Corfac
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 SVN Commercial Advisors | Salem
HighLights
- Prominent corner location at a signalized intersection offers high visibility and easy access.
- High traffic count (over 26,000 vehicles daily) on River Road North.
- CM (Commercial Mixed Use) zoning allows for diverse development options.
- 2,475 SF building currently leased to a single tenant.
- Located in Keizer, Oregon.
- 6,534 SF parcel.
Overview
Located at 4205 Cherry Avenue NE in Keizer, Oregon, this property is situated on a 6,534 SF parcel and features a 2,475 SF building. The property enjoys a prominent corner presence just off River Road North, one of the city’s primary arterials. Positioned at a signalized intersection, the site benefits from strong visibility and easy access, with an average daily traffic count exceeding 26,000 vehicles nearby. The property is zoned CM (Commercial Mixed Use), offering a wide array of potential future uses, including office, retail, or mixed commercial development. The building is currently leased to a single tenant on a short term basis. The subject property may ultimately be sold individually, but it is strongly preferred that it be sold as part of the broader adjacent portfolio.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$336.1K
NOI $30,247 @ 9.00% cap · cautious / downside scenario
Moderate
$432.1K
NOI $30,247 @ 7.00% cap · market / base-case scenario
Aggressive
$604.9K
NOI $30,247 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.9k | $22.20 |
| − Vacancy | −$14.6k | −$5.91 |
| EGI | $40.3k | $16.29 |
| − OpEx | −$10.1k | −$4.07 |
| NOI | $30.2k | $12.22 |
2,475 SF · lease $22.20/SF/yr · vacancy 26.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$432.1K
$378.1K – $504.1K
NOI $30,247 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$582.1K
$509.3K – $679.1K
NOI $40,745 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Keizer
- County
- Marion
- State
- Oregon
- Longitude
- -123.026
- Latitude
- 44.9866
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Commercial Mixed-Use property with high visibility and easy access.
Where is this office units located?
The property is located at 4205 Cherry Ave NE Keizer, OR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Prominent corner location at a signalized intersection offers high visibility and easy access.; High traffic count (over 26,000 vehicles daily) on River Road North.; CM (Commercial Mixed Use) zoning allows for diverse development options.
