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    & Deer Park Cutoff Rd Salem, OR 97317

    Sponsored
    For Sale
    $6,766,985

    Prime Salem location, 32 acres, diverse zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 32.23-acre property, situated at Turner Rd SE & Deer Park Cutoff Rd SE in Salem, Oregon (zip code 97317), presents a unique investment opportunity. Currently zoned as Employment Center, the land offers significant flexibility for various commercial and industrial uses. The site includes approximately 15,500 square feet of existing building improvements, previously used as manufacturing shops and offices. Ten acres are immediately available for retail uses, including restaurants, retail sales/service, and commercial entertainment, all permitted under the current zoning. The remaining acreage is suitable for business park and office development. The property's location in Marion County provides excellent access to transportation networks and a skilled workforce. Furthermore, there's potential for future rezoning to accommodate residential or mixed-use development, expanding the property's long-term value. The asking price for this substantial land parcel is $6,766,985. This presents a rare chance to acquire a large, strategically located property with diverse development potential in a thriving Oregon market. Don't miss this opportunity to secure a significant asset in Salem's dynamic commercial landscape.

    Property Features for 0 & Deer Park Cutoff Rd

    General Information

    Property type
    Land
    Lot Size
    1,403,939 SF

    HighLights

    • $6,766,985 asking price.
    • 32.23‑acre land parcel.
    • Located in Salem, Oregon (Marion County), at Turner Rd SE & Deer Park Cutoff Rd SE, zip code 97317.
    • Employment Center zoning.
    • Includes approximately 15,500 SF of existing building improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.9719907
    Latitude
    44.8760621

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    FAQs

    What type of property is this?
    Land - Prime Salem location, 32 acres, diverse zoning.
    Where is this land located?
    The property is located at & Deer Park Cutoff Rd Salem, OR.
    What is the asking price?
    The asking price for this property is $6,766,985.
    What are key features of this property?
    This property features: $6,766,985 asking price.; 32.23-acre land parcel.; Located in Salem, Oregon (Marion County), at Turner Rd SE & Deer Park Cutoff Rd SE, zip code 97317.
    Request Owner's contact information
    & Deer Park Cutoff 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
    & Deer Park Cutoff Rd Salem, OR 97317
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