Office Building with Shared
5121 Skyline Village Loop S Salem, OR 97306
For Sale
Contact for pricing
Office building featuring three elevators, shared kitchen and gym with shower facilities, plus below-grade parking options.
Property Size48,968 SF
Price / SF$167.46
Days on Market176
Property Features for 5121 Skyline Village Loop S
General Information
Standard status
Active
Size
48,968 SF
Property subtype
OFFICE
Listing Agency:
Tradition Real Estate Partners
(503) 559-9279
Listed By:
AJ Nash · License ##200010026
(503) 559-9279
Source:
Moodyscre
Added: Feb 4
Changed: Jul 27
Last Checked: Jul 29 at 3:19PM
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 Tradition Real Estate Partners
Investment Insights
Based on property information with market context.
This office building includes three elevators and shared tenant amenities such as a kitchen and break room, an exterior patio/deck, and a shared gym with shower facilities. Shared conference room options are also available, and office/cubicle furniture is included. Below-grade parking is listed as available.
The property is located at 5121 Skyline Village Loop S near the corner of Kuebler and Skyline Rd S. The First Pacific Corp. Building is described as approximately 2.2 miles from I-5 and is positioned among complimentary surrounding uses, including Kaiser Permanente Skyline Medical Office and The Doctors’ Clinic.
Additional terms mentioned for the property include a substantial tenant improvement (TI) allowance for credit tenants, along with a 3.5/1000 parking ratio and potential signage opportunities.
The property is located at 5121 Skyline Village Loop S near the corner of Kuebler and Skyline Rd S. The First Pacific Corp. Building is described as approximately 2.2 miles from I-5 and is positioned among complimentary surrounding uses, including Kaiser Permanente Skyline Medical Office and The Doctors’ Clinic.
Additional terms mentioned for the property include a substantial tenant improvement (TI) allowance for credit tenants, along with a 3.5/1000 parking ratio and potential signage opportunities.
Key Highlights
- Office building offers 3 elevators and below‑grade parking options
- Shared amenities include kitchen/break room, exterior patio/deck, and a gym with shower facilities
- TI allowance available for credit tenants
Financial Insights For Office B
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 | $1.06M | $21.60 |
| − Vacancy | −$158.7k | −$3.24 |
| EGI | $899.1k | $18.36 |
| − OpEx | −$224.8k | −$4.59 |
| NOI | $674.3k | $13.77 |
48,968 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.63M
$8.43M – $11.24M
NOI $674,289 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.00M
$11.38M – $15.17M
NOI $910,100 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building featuring three elevators, shared kitchen and gym with shower facilities, plus below-grade parking options.
Where is this office building located?
The property is located at 5121 Skyline Village Loop S Salem, OR.
What is the asking price?
The asking price for this property is $8,200,000.
What are key features of this property?
This property features: Office building offers 3 elevators and below‑grade parking options; Shared amenities include kitchen/break room, exterior patio/deck, and a gym with shower facilities; TI allowance available for credit tenants
