Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Retail properties & Spaces

    1515 13Th St SE, Salem, OR 97302

    7,168 SF 0.23 ac lot Built 1953
    Trust Owned 9-yr Hold Free & Clear
    Property ID
    US71-0856983
    Property summary
    AI-generated overview

    This exceptional 7,168-square-foot warehouse property in Salem, Oregon, presents a unique investment opportunity. Located at 1515 13th St SE, this single-story building boasts a versatile layout combining retail and industrial space. The property includes a 1,120-square-foot retail showroom with high visibility on 13th Street, benefiting from significant traffic flow. The remaining 6,048 square feet comprises a warehouse featuring three 13-foot roll-up doors, enhancing ease of loading and unloading. Additional warehouse amenities include an overhead crane, mezzanine storage for efficient inventory management, and a small office space for administrative needs. The warehouse benefits from upgraded lighting and a new roof installed in 2024. Power is supplied by a 3-phase, 230v, 400-amp system. The property sits on a 0.29-acre lot, with an additional 0.06 acres available on the west side, providing ample space for parking or storage. Convenient access is provided via 13th Street, Lewis Street, and a south-side alleyway, offering easy access to downtown Salem and Interstate 5. The property is zoned IC and has APN numbers 073W35BC07500 and 073W35BC07400. This well-maintained property offers a blend of retail and warehouse space, making it suitable for a variety of businesses.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
    Year built 1953
    Total area 7,168 SF
    Lot 0.23 ac (10,019 SF)
    Zoning code IC
    APN 073W35BC07500
    UPID US71-0856983
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $834k
    Blend (final) Blend
    $810k
    Owner & transaction history
    Reichel,robert & Noonan M Trust · 9 yrs held
    Reichel,robert & Noonan M Trust
    since 2017
    2 recorded transactions
    2017
    1981
    $170,000
    Zoning & alternative use
    IC · Salem, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message