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Property profile & analytics
FOR LEASE
Warehouses

1500 Mcgilchrist St SE Salem, OR 97302

40,000 SF 2.32 ac lot Built 1980
Entity Owned 17-yr Hold Free & Clear
Property ID
US71-0915223
Property summary
AI-generated overview

This exceptional 4,005-square-foot industrial flex space is ideally situated on the McGilchrist corridor in Salem, Oregon, within Marion County. The property, classified as Class B, offers a versatile layout perfect for a variety of businesses. The space features a substantial 2,858-square-foot warehouse area, complemented by a 1,147-square-foot office/showroom. Constructed with durable concrete tilt-up construction, this multi-tenant building provides a solid and reliable workspace. The property's zoning, designated as Industrial General, allows for a broad range of uses, including but not limited to general wholesaling and manufacturing, warehousing and distribution, retail nurseries, lawn and garden supply stores, and financial institutions. Its convenient location on McGilchrist Street SE, with the zip code 97302, ensures easy access to transportation routes and key infrastructure. The asking rate is $0.98 per square foot. This property presents a compelling opportunity for businesses seeking a functional and well-located industrial space in Salem, Oregon. The address is 1500 McGilchrist St SE, Salem, OR 97302.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1980
Total area 40,000 SF
Lot 2.32 ac (101,059 SF)
Zoning code IG
APN 073W35CB04400
UPID US71-0915223
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
  • American Lighting Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.82M
Blend (final) Blend
$6.82M
Owner & transaction history
Dnw LLC · 17 yrs held
Dnw LLC
since 2008
2 recorded transactions
2008
Price N/A
2007
Price N/A
Zoning & alternative use
IG · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $9.9M +1.5%
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More about this property
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