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    New Industrial Building For Sale Title is generated by Realmo AI

    4405 Turner Rd SE, Salem, OR 97317

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    New construction industrial building near I-5, completion January 2024.

    Type:Industrial
    Property size:
    193,758 SF
    Price / SF:
    $185/SF
    Added:
    Jan 4, 2023
    Days on Market:
    1249
    Last Refresh:
    May 20 at 8:24 pm

    Property Features for 4405 Turner Rd SE

    General Information

    Standard status
    Active
    Size
    193,758 SF
    Property subtype
    Industrial

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    Listing Contact
    Clayton Madey

    Listing agent Clayton Madey License #OR 201727196

    Listing office Macadam Forbes

    Listing date Jan 4, 2023

    Source Crexi

    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

    HighLights

    • New construction industrial building, available for sale or lease.
    • Conveniently located near I‑5.
    • Under construction, with estimated completion in January 2024.

    Overview

    A new-construction industrial building is available for sale or lease. The building, with a property size of 193758 square feet, is currently under construction and is estimated to be completed in January 2024. The property is located near I-5.

    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 $2.56M $13.20
    − Vacancy −$127.9k −$0.66
    EGI $2.43M $12.54
    − OpEx −$364.5k −$1.88
    NOI $2.07M $10.66
    193,758 SF · lease $13.20/SF/yr · vacancy 5.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $29.50M
    $25.82M – $34.42M (±1% cap)
    NOI $2,065,267 @ 7.0% cap · market cap 5.76%
    Second Best
    Industrial
    $26.51M
    $23.19M – $30.92M (±1% cap)
    NOI $1,855,427 @ 7.0% cap · market cap 5.18%
    Theoretical Best
    Office A
    $51.44M
    $45.01M – $60.02M (±1% cap)
    NOI $3,601,109 @ 7.0% cap · market cap 10.05%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Gym & Fitness Center Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Turner Road Storage 4555 Turner Rd SE, Salem, OR 97317
    • BlueBox Storage 4725 Turner Rd SE, Salem, OR 97317
    • Lock & Go Storage 5110 36th Ave SE, Salem, OR 97317
    • Lineage 4301 Henningsen Ct SE, Salem, OR 97317
    • South Salem RV & Storage 3736 Kashmir Way SE, Salem, OR 97317

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.9856859
    Latitude
    44.8899584

    FAQs

    What type of property is this?
    Warehouse - New construction industrial building near I-5, completion January 2024.
    Where is this warehouse located?
    The property is located at 4405 Turner Rd SE Salem, OR.
    What is the asking price?
    The asking price for this property is $35,845,230.
    What are key features of this property?
    This property features: New construction industrial building, available for sale or lease.; Conveniently located near I‑5.; Under construction, with estimated completion in January 2024.
    More about this property
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