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OR
Salem
97301
1411 Salem Industrial NE Dr

Property profile

1411 Salem Industrial NE Dr Salem, OR 97301

OFF-MARKET

Warehouses

Property ID

US71-0713267

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3,480 SF 0.87 ac lot Built 1992

Entity Owned 11-yr Hold ~ Est. High Equity

This 4,300-square-foot freestanding warehouse, situated on 0.87 acres in Salem, Oregon, presents a unique opportunity. Built in 1992, the property boasts a flexible layout currently configured as a cannabis grow facility, featuring three grow rooms (removable), two veg/clone rooms connected to a Connex container, a safe room, and upstairs storage/workspaces. The space includes a reception area, one private office, four 12-foot roll-up doors, and two restrooms. Additional amenities include a reverse osmosis water filter tank and utility sink. A fenced yard offers additional leasable space. The property is zoned IG and enjoys convenient access to I-5, Portland Road, and central Salem. Ample parking is available. The building's adaptable design makes it suitable for various industrial, flex, or R&D uses. The Marion County property (APN 589756) offers a single-tenant occupancy. This is an exceptional opportunity to acquire a well-maintained industrial space in a prime Salem location.

Property type Warehouses

Use group WAREHOUSE, STORAGE

Year built 1992

Total area 3,480 SF

Lot 0.87 ac (37,897 SF)

Zoning code IG

APN 073W14AA02500

UPID US71-0713267

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

AI Approach AI

by Request

CAP Approach CAP

by Request

Comparable Approach Comparable

$868k

Blend (final) Blend

$430k

since 2015

4 recorded transactions

2025

Price N/A

2015

$400,000

2015

Price N/A

1991

$60,000

Zoning description

Industrial and Employment Zone: IG Buildings and accessory structures Min 10 ft. Type C Vehicle use areas Limitations and Qualifications (1) Zone-to-zone setbacks are not required abutting an alley. (2) Notwithstanding q…

General category INDUSTRIAL

Top alternative use upside

Auto repair, garage $1.2M +83.6%

Medical building $1.2M +73.8%

Commercial (general) $985,000 +45.5%

Comparables

6 recent transactions · within 1.5 mi

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