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Property profile & analytics
FOR SALE
Warehouses

2195 Hyacinth St NE Salem, OR 97301

68,220 SF 6.67 ac lot Built 1964
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US71-0250584
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1964
Total area 68,220 SF
Lot 6.67 ac (290,545 SF)
Zoning code IC
APN 073W12B 00200
UPID US71-0250584
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
  • Torah to the Tribes Church
  • Green Gecko IT Tech Support Center IT Consulting Firm
  • Rapid Print Solutions Printer Repair Service Toner Cartridge Supplier
  • Ashley Furniture Distribution Furniture & Home Goods Home Decor Store
  • Freed Creativity Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$21.08M
Blend (final) Blend
$20.87M
Owner & transaction history
Back Line Hyacinth LLC · 4 yrs held
Back Line Hyacinth LLC
since 2022
7 recorded transactions
2023
Price N/A
2022
$11.3M
2019
Price N/A
2018
Price N/A
2012
Price N/A
2007
Price N/A
2005
$1.3M
Zoning & alternative use
IC · Salem, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $30.1M +126.7%
Auto repair, garage $24.4M +83.6%
Medical building $23.1M +73.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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