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    4780 Ridge Dr Salem, OR 97301

    Sponsored
    For Lease
    $14 SF/Yr ($2,364 /Mo)

    Three buildings, ample parking, I-5 access.

    Lot size:
    1,970 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Marion County industrial property offers three buildings totaling 1,970 square feet situated on a 2.76-acre lot. The property is zoned IG and provides convenient access to I-5, enhancing logistical efficiency. Two of the buildings boast 12-foot grade-level doors, 110V power, and concrete floors, ideal for various manufacturing or warehousing needs. These two buildings range in size from 378 to 792 square feet, offering flexible space options for multiple tenants. A third building provides covered storage. The property includes three parking spaces. Tenants in two of the buildings will incur an additional $70.00 monthly charge for power usage. This multi-tenant property presents a unique opportunity for businesses seeking versatile industrial space with excellent accessibility and a strategic location. The property's size and configuration make it suitable for a variety of uses, from light manufacturing to storage and distribution. The combination of covered and enclosed spaces offers flexibility for diverse operational needs. The convenient I-5 access significantly reduces transportation costs and time. This is an excellent investment opportunity in a prime location.

    Property Features for 4780 Ridge Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,970 SF
    Total Rate
    2364

    Building Details

    Buildings
    3

    Unit(s) available at that property

    Space
    Covered Storage
    Size
    378 SF
    Rate per SF
    $19
    Space
    Building 6
    Size
    792 SF
    Rate per SF
    $14
    Space
    Building 5
    Size
    792 SF
    Rate per SF
    $14

    HighLights

    • 1,970 SF industrial property on 2.76 acres in Marion County.
    • Three separate buildings available, ranging from 378 SF to 792 SF.
    • Multiple tenancies available.
    • Three parking spaces.
    • Two buildings feature 12' grade‑level doors, 110V power, and concrete floors.
    • One building offers covered storage only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Interstate Crane Rental Crane Rental Agency absolute rv systems ... Rv Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0011011
    Latitude
    44.9932038

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    FAQs

    What type of property is this?
    Distribution property - Three buildings, ample parking, I-5 access.
    Where is this distribution property located?
    The property is located at 4780 Ridge Dr Salem, OR.
    What is the lease rate?
    The lease rate is $14-$19 SF/Yr.
    What are key features of this property?
    This property features: 1,970 SF industrial property on 2.76 acres in Marion County.; Three separate buildings available, ranging from 378 SF to 792 SF.; Multiple tenancies available.
    Request Owner's contact information
    4780 Ridge Dr Salem, OR 97301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4780 Ridge Dr Salem, OR 97301
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