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    1920 Mcgilchrist St Salem, OR 97302

    Sponsored
    For Lease
    $13 SF/Yr ($4,400 /Mo)

    Industrial Flex Space, 4,000 SF Total

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Salem, Oregon industrial flex space, located at 1920 McGilchrist St SE (cross street: 19th St SE), offers 4,000 square feet of versatile space in a single-story, Class C building. Completely renovated in 2013, the property boasts a 14-foot ceiling height and features one drive-in door. The 400 amp, 110/220V, 1-phase power supply is suitable for a variety of uses. With a 70-foot frontage, the building is zoned for industrial commercial purposes. The property is part of the Salem Business Park I, a multi-tenant complex established in the early 1980s, with each building fully insulated and air-conditioned. The rent is modified gross, including base year property taxes, base building insurance, and exterior maintenance. Tenants are responsible for their utilities. The property is currently fully vacant and ready for immediate occupancy. This is an excellent opportunity for businesses seeking flexible, well-maintained space in a convenient Salem location. The property's convenient location and updated features make it an ideal choice for a variety of businesses.

    Property Features for 1920 Mcgilchrist St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF
    Class
    C
    Total Rate
    4400

    Building Details

    Year Renovated
    2013
    Stories
    1

    Unit(s) available at that property

    Space
    2560 19th
    Size
    1,000 SF
    Rate per SF
    $15
    Space
    2540 19th
    Size
    4,000 SF
    Rate per SF
    $16
    Space
    2532
    Size
    1,000 SF
    Rate per SF
    $13

    HighLights

    • 4,000 SF single‑story Class C industrial flex space in Salem, OR.
    • Completely renovated in 2013 with 14' ceilings and one drive‑in door.
    • 400 amp, 110/220V, 1‑phase power.
    • 70' frontage, industrially zoned, located in Salem Business Park I.
    • Modified gross rent includes property taxes, insurance, and exterior maintenance; utilities are tenant responsibility.
    • Fully vacant and ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Resilient Human Performance Physical Fitness Program

    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
    -123.0207706
    Latitude
    44.9163991

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    FAQs

    What type of property is this?
    Flex space - Industrial Flex Space, 4,000 SF Total
    Where is this flex space located?
    The property is located at 1920 Mcgilchrist St Salem, OR.
    What is the lease rate?
    The lease rate is $13-$16 SF/Yr.
    What are key features of this property?
    This property features: 4,000 SF single-story Class C industrial flex space in Salem, OR.; Completely renovated in 2013 with 14' ceilings and one drive-in door.; 400 amp, 110/220V, 1-phase power.
    Request Owner's contact information
    1920 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
    1920 Mcgilchrist St Salem, OR 97302
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