Turn-Key Veterinary Clinic
5498 Commercial St SE Salem, OR 97306
New
5498 Commercial St SE, Salem, OR, 97306
$575,000
For Sale
$575,000
Freestanding commercial building delivered vacant with an interior buildout designed for veterinary clinic operations.
Property Size2,940 SF
Lot Size0.20 Acres
Price / SF$195.58
Days on Market3
Property Features for 5498 Commercial St SE
General Information
- Standard status
- Active
- Size
- 2,940 SF
- Lot size
- 0.20 Acres
- Property subtype
- Retail - Street Retail
Building Details
- Year Built
- 1959
Listing agency
Capacity Commercial Group
(503) 588-0400
Listed by
Nick Williams, CCIM · License #201230204
Source
Commercialcafe
Added: Jul 20 Updated: Jul 21 at 8:40PM Checked: Jul 21 at 8:40PM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This freestanding commercial building is improved and delivered as a turn-key veterinary clinic. The interior includes treatment areas, reception, and support spaces, creating a functional layout for continued veterinary use or adaptation for related medical, professional, or service-oriented occupancies. The property will be delivered vacant, providing flexibility at closing or lease commencement.
The building is located on Commercial St SE in Salem, OR, on an approximately 0.2-acre site. Reported average daily traffic is approximately 30,600 vehicles per day along this active arterial corridor, supporting strong visibility and frontage for an occupant serving the surrounding community.
The building is located on Commercial St SE in Salem, OR, on an approximately 0.2-acre site. Reported average daily traffic is approximately 30,600 vehicles per day along this active arterial corridor, supporting strong visibility and frontage for an occupant serving the surrounding community.
Key Highlights
- Freestanding commercial building delivered vacant, ready for tenant occupancy at closing or lease commencement.
- 2,940 SF building on about 0.2 acres with an interior buildout designed for continued veterinary clinic use.
- Existing layout includes treatment areas, reception, and support spaces suited to veterinary or related healthcare/professional/service occupancies.
Local 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 | $63.5k | $21.60 |
| − Vacancy | −$9.5k | −$3.24 |
| EGI | $54.0k | $18.36 |
| − OpEx | −$13.5k | −$4.59 |
| NOI | $40.5k | $13.77 |
2,940 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$578.3K
$506.1K – $674.7K
NOI $40,484 @ 7.0% cap · market cap 7.04%
Second Best
Healthcare Medical
$562.5K
$492.2K – $656.2K
NOI $39,372 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$780.6K
$683.0K – $910.7K
NOI $54,642 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Animal Care Center ...
Veterinary Clinic
Douglas M. Slama ...
Veterinary Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Animal Care Center Veterinary Clinic — 5498 Commercial St SE, Salem, OR 97306
- Douglas M. Slama , DVM — 5498 Commercial St SE, Salem, OR 97306
- Kuebler No Frills Pet Clinic — 5048 Commercial St SE, Salem, OR 97306
FAQs
What type of property is this?
Medical Office Space - Freestanding commercial building delivered vacant with an interior buildout designed for veterinary clinic operations.
Where is this medical office space located?
The property is located at 5498 Commercial St SE Salem, OR.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Freestanding commercial building delivered vacant, ready for tenant occupancy at closing or lease commencement.; 2,940 SF building on about 0.2 acres with an interior buildout designed for continued veterinary clinic use.; Existing layout includes treatment areas, reception, and support spaces suited to veterinary or related healthcare/professional/service occupancies.
