1370 Smith NE St, Salem, OR 97301-0613
This North Salem property offers 2,950 square feet of versatile commercial space, ideal for various uses. The main building, totaling 2,150 square feet, features a blend of office and industrial areas, perfect for businesses needing both administrative and storage space. An additional 800-square-foot shop building provides extra storage capacity. The property also includes a sizable yard area. The space is currently entirely vacant and available for lease. Minimum leasable space is 400 square feet, with a maximum contiguous space of 1,150 square feet. The property is zoned MU-I, offering flexibility for a range of businesses. Conveniently located with easy access to Interstate 5 and downtown via Portland Road. The lease rate is $0.68 per square foot per month, NNN, resulting in a total monthly expense of $2,336. This presents a unique opportunity for businesses seeking a combination of office, industrial, and cold storage space in a prime location. The property's size and zoning make it suitable for a variety of commercial enterprises.
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MASTERS AUTOBODY COLLISION Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
IC · Salem, ORSalem. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.