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    5695 Gaffin Rd Salem, OR 97317

    Sponsored
    For Sale
    $1,900,000

    5-Acre Commercial Land, High-Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 5-acre commercial property in Salem, Oregon, presents a unique redevelopment opportunity. Strategically located near the Highway 22/Gaffin Road interchange, a major transportation corridor between Salem and Central Oregon, it boasts unparalleled accessibility and visibility. The property includes a 1,364 sq ft house (built 1954), a 2,240 sq ft pole building (built 2012), and a 3,744 sq ft storage building (built 1989), all currently generating approximately $3,070 in monthly net income from month-to-month tenants. The property is served by a well (installed 2008, approx. 102' deep, 20-30 GPM) and septic system. Recently re-zoned Commercial in Marion County, this location is experiencing rapid industrial development and is surrounded by major corporations including Amazon, FedEx, Home Depot, and Lineage Logistics. Situated approximately 3 miles from Interstate 5, this property offers significant potential for various commercial uses. Seller financing is available. Please note: Do not disturb tenants.

    Property Features for 5695 Gaffin Rd

    General Information

    Property type
    Distribution properties
    Lot Size
    217,800 SF

    HighLights

    • $1,900,000 asking price.
    • 5‑acre industrial land parcel in Salem, Oregon.
    • Excellent redevelopment opportunity near Hwy 22 and I‑5 interchange.
    • Currently features a house (1,364 SF), pole barn (2,240 SF), and storage building (3,744 SF), generating approximately $3,070 in monthly net income.
    • Recently rezoned commercial; served by a well and septic system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hoffman Truck Wash Truck Repair Shop

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Department Store Kitchen & Bath Storage Facility Discount Store Electrical Service Garden Center Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.944866
    Latitude
    44.903896

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    FAQs

    What type of property is this?
    Distribution property - 5-Acre Commercial Land, High-Traffic Location
    Where is this distribution property located?
    The property is located at 5695 Gaffin Rd Salem, OR.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price.; 5-acre industrial land parcel in Salem, Oregon.; Excellent redevelopment opportunity near Hwy 22 and I-5 interchange.
    Request Owner's contact information
    5695 Gaffin Rd 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
    5695 Gaffin Rd Salem, OR 97317
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