Salem Warehouse with Heavy
For Sale
Contact for pricing
560 21st St SE, Salem, OR
65,597 SF Salem warehouse featuring heavy electrical capacity.
Property Size65,597 SF
Lot Size1.79 Acres
Price / SF$111.29
Days on Market557
Property Features for 560 21st St SE
General Information
Standard status
Active
Size
65,597 SF
Lot size
1.79 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Nathan Getty · License ##201256489
(503) 858-0049
Source:
Moodyscre
Added: Apr 15, 2025
Changed: Oct 5
Last Checked: Oct 20 at 11:42PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 65,597 square foot warehouse is located in Salem, Oregon. The property features heavy electrical capacity and membrane roofing. Access control is in place. The property includes paved parking areas.
Key Highlights
- Heavy electrical service ideal for various operations.
- Paved parking available.
- Features membrane roofing.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$628,157
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,563,140
$12.6M
Cap Rate 7%
$8,973,671
$9.0M
Cap Rate 9%
$6,979,522
$7.0M
Market Conditions
NOI Build-Up for 65,597 SF
Gross rent
$944.6K $14.40/SF
− Vacancy
−$47.2K −$0.72/SF
EGI
$897.4K $13.68/SF
− OpEx
−$269.2K −$4.10/SF
NOI
$628.2K $9.58/SF
Area
Salem, OR
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,563,140
Cap Rate 7%
$8,973,671
Cap Rate 9%
$6,979,522
Alternative Uses
Best Use
Warehouse
$9.99M
$8.74M – $11.65M
NOI $699,198 @ 7.0% cap · market cap 9.58%
Second Best
Industrial
$8.97M
$7.85M – $10.47M
NOI $628,157 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$17.42M
$15.24M – $20.32M
NOI $1,219,160 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Warehouse - 65,597 SF Salem warehouse featuring heavy electrical capacity.
Where is this warehouse located?
The property is located at 560 21st St SE Salem, OR.
What is the asking price?
The asking price for this property is $7,300,000.
What are key features of this property?
This property features: Heavy electrical service ideal for various operations.; Paved parking available.; Features membrane roofing.
