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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2050 Vis SE Ave Salem, OR 97302-1670

    • Warehouses
    • 26,624 SF
    • 1.66 lot acres
    OFF-MARKET
    Value Estimations
    $3,225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0777585
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apria Healthcare / Oxygen Equipment Supplier / Home Health Care Service
    • Lunsford Consulting Group Inc / Business Management Consultant

    Property Details for 2050 Vis SE Ave

    Year built
    1997
    Lot size
    1.66 lot acres
    Property size
    26,624 SF
    Zone code
    IG
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    083W02AB01300
    APU
    083W02AB01300

    Description

    This exceptional offering presents two flexible warehouse suites ideally situated within the thriving McGilchrist industrial area. The property is zoned Industrial General (IG), providing versatility for a range of industrial and flex uses. Each suite offers practical features designed to enhance operational efficiency. One suite encompasses 1,600 square feet, while the other provides 3,200 square feet of usable space. Both units boast convenient grade-level loading doors, ensuring seamless shipping and receiving. Each suite also includes a dedicated shipping office and access to shared common restrooms. The warehouse spaces feature impressive 20-foot clear heights, providing ample vertical storage capacity. Furthermore, robust 3-phase 200-amp power is available, catering to the needs of businesses requiring substantial electrical capacity. The lease rate is competitively priced at $0.85 per square foot per month, with tenants responsible for the usual Net, Net, Net (NNN) expenses. This prime location and functional design make these warehouse suites an excellent opportunity for businesses seeking efficient and well-appointed industrial space in the McGilchrist area. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,224,000
      Market price range: $3.11M - $9.13M
      AI Estimate
      $3,224,000
      Market price range: $3.11M - $9.13M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.02
    Latitude
    44.91
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $15,220
    $0.00
    $0.00
    $775,450
    -
    $271,440
    $2,410,670
    $2,682,110

    Comparable in this City

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      5.32 Acres

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    • Value Estimation
      $9,870,000
      28,775 SF

      3992 Fairview Industrial SE Dr

      MINI-WAREHOUSE, STORAGE • 28,775 SF
      3992 Fairview Industrial SE Dr, Salem, OR 97302-1382
      View Details
    • Value Estimation
      $3,540,000
      17,250 SF

      2715 19th SE St

      MINI-WAREHOUSE, STORAGE • 17,250 SF
      2715 19th SE St, Salem, OR 97302-1503
      View Details
    • Value Estimation
      $7,335,000
      23,956 SF

      3895 Cascadia Cyn SE Ave

      MINI-WAREHOUSE, STORAGE • 23,956 SF
      3895 Cascadia Cyn SE Ave, Salem, OR 97302-1377
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    • Value Estimation
      $2,250,000
      9,000 SF

      2160 Davcor SE St

      MINI-WAREHOUSE, STORAGE • 9,000 SF
      2160 Davcor SE St, Salem, OR 97302-1510
      View Details
    • Value Estimation
      $1,360,000
      3,968 SF

      1920 Mcgilchrist SE St

      MINI-WAREHOUSE, STORAGE • 3,968 SF
      1920 Mcgilchrist SE St, Salem, OR 97302-1561
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      46,000 SF

      New Construction Industrial Warehouse Space

      New industrial warehouse space for sale in Salem, Oregon.
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      193,758 SF

      Freestanding Industrial Building For Sale

      Freestanding industrial building with ample loading and trailer parking.
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    • $925,000
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      Retail Showroom with Warehouse Space

      Single-story building featuring retail showroom and warehouse with upgrades.
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    • $3,000,000
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      Retail Flex Investment Opportunity

      15,000 SF retail flex space in Salem, Oregon.
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    • $3,825,000
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      Salem Industrial Development Land

      6.27 Acres, Prime Location, $3.825M
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    • $408,290
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      Prime Salem location, IG zoning, investment opportunity.
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    Similar Nearby for Lease

    • $18 SF/Yr
      19,150 SF

      Salem Industrial Warehouse Park

      Three Suites, 19,150 SF Total
      2345 Mcgilchrist St, Salem, OR 97302
      View Details
    • $1.05 SF/Yr
      8,958 SF

      Salem Warehouse with Showroom/Office

      8,958 SF warehouse with showroom/office space for lease.
      1750 Mcgilchrist St SE, Salem, OR 97302
      View Details
    • $0.68 SF/Yr
      3,200 SF

      Stand Alone Warehouse For Rent

      3,200 SF stand alone building with grade level doors.
      3220 Pringle Rd SE, Salem, OR 97302
      View Details
    • $0.80 SF/Yr
      84,000 SF

      New Industrial Flex Space Available

      Light industrial space with flexible options for lease.
      1815 22Nd St SE, Salem, OR 97302
      View Details
    • $13 SF/Yr
      10,018 SF

      Salem Industrial Space Available

      Versatile warehouse/flex space in Salem, OR
      1740 22Nd St, Salem, OR 97302
      View Details
    • $9 SF/Yr
      84,000 SF

      22nd Street Industrial Park: Salem, OR

      Modern Industrial Space Available
      1835 22Nd St, Salem, OR 97302
      View Details
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    2050 Vis SE Ave
    Salem, OR 97302-1670
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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