Industrial Warehouse Facility with
4355 Turner Rd SE Salem, OR 97317
4355 Turner Rd SE, Salem, OR, 97317
Contact for pricing
For Sale
Contact for pricing
Fully fenced 5.69-acre industrial site features two warehouse buildings plus an office totaling about 22,646 SF.
Property Size22,646 SF
Lot Size5.69 Acres
Price / SF$209.75
Days on Market43
Property Features for 4355 Turner Rd SE
General Information
- Standard status
- Active
- Size
- 22,646 SF
- Lot size
- 5.69 Acres
- Property subtype
- Industrial
Listing agency
Macadam Forbes
(503) 227-2500
Listed by
Zach Reichle · License #OR
Source
Crexi
Added: Jun 9 Updated: Jul 20 at 6:17PM Checked: Jul 20 at 6:17PM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
The property is a fully fenced 5.69-acre industrial site improved with two warehouse buildings and an office building totaling approximately 22,646 SF. The facility includes 23 grade-level doors and clear heights up to 23 feet. Crane infrastructure is present throughout, and a covered wash bay with an oil-water separator supports industrial operations that require vehicle or equipment cleaning.
Also notable are existing cranes and paint booths, which are available to convey with the sale or may be removed depending on buyer preference. The property is described as being located in Salem’s General Industrial zone, supporting a wide range of industrial activities.
The current buildout and amenities are suited to an owner-user or an investor looking for a functional industrial facility with warehouse, office, and heavy-lift/industrial support capabilities already in place.
Also notable are existing cranes and paint booths, which are available to convey with the sale or may be removed depending on buyer preference. The property is described as being located in Salem’s General Industrial zone, supporting a wide range of industrial activities.
The current buildout and amenities are suited to an owner-user or an investor looking for a functional industrial facility with warehouse, office, and heavy-lift/industrial support capabilities already in place.
Key Highlights
- Fully fenced 5.69‑acre industrial site in Salem’s General Industrial zone
- Two warehouse buildings plus an office totaling approximately 22,646 SF
- 23 grade‑level doors and clear heights up to 23’
Local 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 | $298.9k | $13.20 |
| − Vacancy | −$14.9k | −$0.66 |
| EGI | $284.0k | $12.54 |
| − OpEx | −$42.6k | −$1.88 |
| NOI | $241.4k | $10.66 |
22,646 SF · lease $13.20/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.45M
$3.02M – $4.02M
NOI $241,384 @ 7.0% cap · market cap 5.08%
Second Best
Industrial
$3.10M
$2.71M – $3.61M
NOI $216,858 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$6.01M
$5.26M – $7.01M
NOI $420,889 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lincoln Industrial Corp
General Contractor
Pioneer Truckweld, Inc.
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Fully fenced 5.69-acre industrial site features two warehouse buildings plus an office totaling about 22,646 SF.
Where is this manufacturing property located?
The property is located at 4355 Turner Rd SE Salem, OR.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Fully fenced 5.69‑acre industrial site in Salem’s General Industrial zone; Two warehouse buildings plus an office totaling approximately 22,646 SF; 23 grade‑level doors and clear heights up to 23’
