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Property profile & analytics
OFF-MARKET
Neighborhood centers

515 Taggart Dr Salem, OR 97304

14,820 SF 4.66 ac lot Built 2006
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Neighborhood centers
Year built 2006
Total area 14,820 SF
Lot 4.66 ac (202,990 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Therapeutic Associates Physical Therapy - West Salem Medical Clinic
  • Gina Paine PT, DPT Physician
  • Main Medical Medical Supply Store
  • Jessica Strader Physician
  • Matthew Conley Perry Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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