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    2195 Hyacinth St NE Salem, OR 97301
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    Property profile & analytics

    2195 Hyacinth St NE, Salem, OR 97301

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    • Warehouses
    • 68,220 SF
    • 6.67 lot acres
    Development Opportunity in Salem For Sale
    $795,000
    1.21 Acres

    Development Opportunity in Salem

    1.21-acre pad site with utilities and high visibility.

    2195 Hyacinth St NE, Salem, OR 97301
    View Listing
    Property ID
    US71-0250584
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Torah to the Tribes / Church
    • Green Gecko IT / Tech Support Center / IT Consulting Firm
    • Rapid Print Solutions / Toner Cartridge Supplier / Office Supply Store
    • Ashley Furniture Distribution / Furniture & Home Goods / Home Decor Store
    • Freed Creativity / Industrial Manufacturer / Production Facility

    Property Details for 2195 Hyacinth St NE

    Year built
    1964
    Lot size
    6.67 lot acres
    Property size
    68,220 SF
    Zone code
    IC
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    073W12B 00200
    APU
    073W12B00200

    Description

    The 45th Parallel Building, located at 2195 Hyacinth St NE in Salem, Oregon, offers a diverse range of commercial spaces ideal for businesses of all sizes. This 72,489 square foot building sits on a 7-acre lot and is zoned IC. The property boasts a variety of uses, including retail, office, and industrial space, currently configured as executive office and warehouse/distribution space. Multiple tenancies are available, with a minimum divisible space of 185 square feet and a maximum contiguous space of 2,480 square feet. Currently, 21,100 square feet of space is vacant, presenting a significant opportunity for immediate occupancy. The building underwent renovations in 2015, ensuring modern amenities and functionality. The property's location in Marion County, Oregon, provides easy access to major transportation routes and a thriving business community. With 24 spaces currently available, ranging from small executive offices to larger warehouse/distribution areas, this property offers unparalleled flexibility to accommodate a variety of business needs. The building's versatile design and prime location make it an exceptional investment opportunity in the Salem market. The zip code is 97301.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,083,000
      Market price range: $8.20M - $21.1M
      AI Estimate
      $20,642,000
      Market price range: $4.06M - $20.6M
    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $13,270,000
      Current use
      RESTAURANT
      $30,075,000
      Change: +127% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $24,355,000
      Change: +84% Conversion: Easy
      MEDICAL BUILDING
      $23,055,000
      Change: +74% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $19,305,000
      Change: +46% Conversion: Difficult
      OFFICE BUILDING
      $17,560,000
      Change: +32% Conversion: Difficult
      RETAIL STORES
      $16,805,000
      Change: +27% Conversion: Moderate

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


    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.001
    Latitude
    44.9819
    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
    $112,617
    $0.00
    $0.00
    $5,737,910
    -
    $2,398,540
    $10,085,280
    $12,483,820
    View Listing
    More about this property
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