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    5355 Gaffin Rd Salem, OR 97317

    Sponsored
    For Sale
    $3,000,000

    87,074 SF Industrial, Vacant, 24.88 Acres

    Property size:
    87,074 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 87,074-square-foot industrial property, situated on a sprawling 24.88-acre lot in Salem, Oregon, presents a unique investment opportunity. Currently vacant, this Class C facility comprises five single-story buildings, constructed in 1992, and is zoned for Special Agriculture use. Previously utilized for hay processing, the property offers significant potential for a variety of industrial or manufacturing uses. Its strategic location just outside Salem's Urban Growth Boundary, yet conveniently near the Mill Creek Corporate Center (home to FedEx, Amazon, Home Depot, and Lineage distribution centers), provides excellent access to major transportation routes and a skilled workforce. The asking price is $3,000,000, translating to $34.45 per square foot. This substantial property offers ample space and flexibility for an owner-user seeking a strategic location in a thriving industrial area. The property's size and zoning provide considerable development potential. Detailed property records are available upon request. This is a rare opportunity to acquire a large-scale industrial property in a prime location.

    Property Features for 5355 Gaffin Rd

    General Information

    Property type
    Manufacturing properties
    Square Feet
    87,074 SF
    Class
    C
    Lot Size
    1,083,773 SF

    Building Details

    Year Built
    1992
    Buildings
    5
    Stories
    1

    HighLights

    • 24.88‑acre site.
    • Special Agriculture zoning.
    • Five buildings totaling 87,074 square feet.
    • $3,000,000 sale price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hay Kingdom Hay Supplier

    Suggested Use

    Restaurant Realty agency Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store Kitchen & Bath Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.95057619004
    Latitude
    44.90599421215

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    FAQs

    What type of property is this?
    Manufacturing property - 87,074 SF Industrial, Vacant, 24.88 Acres
    Where is this manufacturing property located?
    The property is located at 5355 Gaffin Rd Salem, OR.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 24.88-acre site.; Special Agriculture zoning.; Five buildings totaling 87,074 square feet.
    Request Owner's contact information
    5355 Gaffin Rd Salem, OR 97317
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    Salem, OR 97317
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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
    5355 Gaffin Rd Salem, OR 97317
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