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    1500 Mcgilchrist St Salem, OR 97302

    Sponsored
    For Lease
    $11 SF/Yr

    4,005 SF Flex Space in Salem, OR

    Lot size:
    4,005 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,005-square-foot industrial flex space is ideally situated on the McGilchrist corridor in Salem, Oregon, within Marion County. The property, classified as Class B, offers a versatile layout perfect for a variety of businesses. The space features a substantial 2,858-square-foot warehouse area, complemented by a 1,147-square-foot office/showroom. Constructed with durable concrete tilt-up construction, this multi-tenant building provides a solid and reliable workspace. The property's zoning, designated as Industrial General, allows for a broad range of uses, including but not limited to general wholesaling and manufacturing, warehousing and distribution, retail nurseries, lawn and garden supply stores, and financial institutions. Its convenient location on McGilchrist Street SE, with the zip code 97302, ensures easy access to transportation routes and key infrastructure. The asking rate is $0.98 per square foot. This property presents a compelling opportunity for businesses seeking a functional and well-located industrial space in Salem, Oregon. The address is 1500 McGilchrist St SE, Salem, OR 97302.

    Property Features for 1500 Mcgilchrist St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,005 SF
    Class
    B

    Unit(s) available at that property

    Space
    1500 McGilchrist
    Size
    4,005 SF
    Rate per SF
    $11

    HighLights

    • 4,005 square feet of space available.
    • Industrially zoned property.
    • Warehouse space leases for $0.80 per square foot, NNN.
    • Office space leases for $1.45 per square foot, NNN.
    • Total monthly rent: $3,949.55.
    Property Profile Location Intelligence

    Current Use by Public Records

    American Lighting Supply Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -123.02590866754
    Latitude
    44.916767653559

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    FAQs

    What type of property is this?
    Distribution property - 4,005 SF Flex Space in Salem, OR
    Where is this distribution property located?
    The property is located at 1500 Mcgilchrist St Salem, OR.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: 4,005 square feet of space available.; Industrially zoned property.; Warehouse space leases for $0.80 per square foot, NNN.
    Request Owner's contact information
    1500 Mcgilchrist St Salem, OR 97302
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    Salem, OR 97302
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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
    1500 Mcgilchrist St Salem, OR 97302
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