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    1985 16Th St Salem, OR 97301

    For Lease
    $9 SF/Yr

    Multi-tenant industrial space; excellent location.

    Lot size:
    105,206 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional multi-tenant industrial property, Keystone Industrial Park, offers 105,206 square feet of leasable space situated on an 8.75-acre lot in Salem, Oregon. The property is a concrete tilt-up structure classified as Class B, boasting a 24-foot clear ceiling height, ideal for various manufacturing, warehouse, and distribution needs. The building features two loading docks, ensuring efficient loading and unloading operations. Power is robust, with 200 AMP, 3-phase, 480-volt service available. Safety is prioritized with an Early Suppression Fast Response (ESFR) sprinkler system installed throughout. The property enjoys a prime location in northeast Salem, offering convenient access to Interstate-5 and providing 24-hour access for operational flexibility. A secure yard and truck turnaround further enhance functionality. The property is zoned Industrial Park (IP) / Industrial General (IG), allowing for a wide range of industrial uses. Future expansion is possible with an additional 24,150+ square feet of planned development. This well-maintained facility presents a compelling opportunity for businesses seeking efficient and secure industrial space in a strategic location.

    Property Features for 1985 16Th St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    105,206 SF
    Class
    B
    Total Rate
    78904.5

    Unit(s) available at that property

    Space
    Suite 102
    Size
    4,000 SF
    Rate per SF
    $10
    Space
    Suite 140
    Size
    3,460 SF
    Rate per SF
    $10
    Space
    Suite 200
    Size
    13,100 SF
    Rate per SF
    $9

    HighLights

    • 105,206 SF industrial building with 24' clear height ceilings.
    • 8.75‑acre lot in Salem, Oregon.
    • Multi‑tenant property with manufacturing, warehouse, and distribution space available.
    • 2 loading docks and 200 AMP, 3‑phase, 480‑volt power.
    • ESFR sprinkler system and Industrial Park (IP)/Industrial General (IG) zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IDEAL SUSHI SUPPLY ... Wholesaler Hancock Real Estate Commercial Real Estate Agency Zerorez Carpet Cleaning Carpet Cleaning Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.01212929781
    Latitude
    44.954596586754

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    FAQs

    What type of property is this?
    Distribution property - Multi-tenant industrial space; excellent location.
    Where is this distribution property located?
    The property is located at 1985 16Th St Salem, OR.
    What is the lease rate?
    The lease rate is $9-$10 SF/Yr.
    What are key features of this property?
    This property features: 105,206 SF industrial building with 24' clear height ceilings.; 8.75-acre lot in Salem, Oregon.; Multi-tenant property with manufacturing, warehouse, and distribution space available.
    Request Owner's contact information
    1985 16Th St Salem, OR 97301
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    Salem, OR 97301
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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
    1985 16Th St Salem, OR 97301
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