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    515 Taggart Dr Salem, OR 97304

    Sponsored
    For Lease
    $28 SF/Yr

    High-Visibility Retail Space Available in West Salem

    Lot size:
    14,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Westgate Shopping Center, a Class A retail strip center, presents a prime opportunity for businesses seeking high-traffic exposure in Salem, Oregon. Located at 515 Taggart Dr, this 14,820 square foot property boasts a convenient location on Wallace Rd, in the West Salem submarket, with excellent visibility and multiple access points. Built in 2006, the single-story center sits on 4.66 acres of land (APN 256850) and is zoned MU-I. Currently, 3,544 square feet of retail space is available, divisible into units ranging from a minimum of 917 square feet to a maximum contiguous space of 1,650 square feet. The center benefits from a strong anchor tenant and is situated in an area with a high concentration of daily needs retailers and services. Please note that the available spaces are not suitable for restaurants or businesses selling alcohol. This is an exceptional opportunity to establish a presence in a thriving retail environment. The property's strategic location and high visibility make it an ideal choice for a variety of retail businesses.

    Property Features for 515 Taggart Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,820 SF
    Class
    A
    Total Rate
    34580

    Building Details

    Year Built
    2006
    Stories
    1

    Unit(s) available at that property

    Space
    525 Taggart Suite 150
    Size
    917 SF
    Rate per SF
    $28
    Space
    515 Taggart Suite 130
    Size
    977 SF
    Rate per SF
    $28
    Space
    525 Taggart Suite 170
    Size
    1,650 SF
    Rate per SF
    $28

    HighLights

    • Premiere Wallace Road retail center in West Salem, OR.
    • High‑traffic location in West Salem with excellent visibility.
    • Multiple retail spaces available, 917‑1,650 SF.
    • Strong tenant mix including Walgreens, Panda Express, Jamba Juice, and AT&T.
    Property Profile Location Intelligence

    Current Use by Public Records

    Therapeutic Associates Physical ... Physical Therapy Clinic Gina Paine PT, ... Physical Therapist Main Medical Medical Supply Store Jessica Strader Physical Therapist Matthew Conley Perry Physical Therapist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.052357
    Latitude
    44.9478579

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    FAQs

    What type of property is this?
    Neighborhood center - High-Visibility Retail Space Available in West Salem
    Where is this neighborhood center located?
    The property is located at 515 Taggart Dr Salem, OR.
    What is the lease rate?
    The lease rate is $28-$28 SF/Yr.
    What are key features of this property?
    This property features: Premiere Wallace Road retail center in West Salem, OR.; High-traffic location in West Salem with excellent visibility.; Multiple retail spaces available, 917-1,650 SF.
    Request Owner's contact information
    515 Taggart Dr Salem, OR 97304
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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
    515 Taggart Dr Salem, OR 97304
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