Technical
Financial
Distress signals
Property profile

301 Westfield St Silverton, OR 97381

FOR LEASE
Grocery and convenience stores
Property ID
US71-0845568
35,357 SF 3.81 ac lot Built 1995
Entity Owned 24-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Silverton Plaza, a thriving retail center in Marion County, offers exceptional leasing opportunities. This mixed-use commercial property boasts a total of 30,562 square feet, with three suites currently available. The minimum leasable space is 962 square feet, while the maximum contiguous space available is 10,000 square feet. A significant portion of the building, totaling 17,962 square feet, is currently vacant and ready for immediate occupancy. The property benefits from strong anchor tenants, including Safeway and Dollar Tree, ensuring high foot traffic and visibility. A diverse and established tenant mix further enhances the property's appeal, with co-tenants such as Verizon Wireless, Papa Murphy's, Domino's Pizza, Willamette Valley Bank, Canine Paradigm, and Dutch Bros. This prime location presents a unique chance for businesses seeking high-traffic exposure and a vibrant commercial environment. The property's strategic positioning within Marion County offers excellent access to a substantial customer base. Contact us today to explore the leasing options and secure your space in this successful retail center. Spaces are available immediately.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1995
Total area 35,357 SF
Lot 3.81 ac (165,964 SF)
Zoning code GC
APN 061W34DB06300
UPID US71-0845568

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store Party Supply Store
  • Cinema (Bike/Boat/Book/etc) Store
  • Cafe & Coffee Shop
  • Atm
  • Bank Credit Union

Location

301 Westfield St Silverton, OR 97381
Silverton metro Census 10503 SALEM, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.93M
Blend (final) Blend
$6.94M

Owner & transaction history

since 2002
4 recorded transactions
2018
Price N/A
2002
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GC · Silverton, OR
Zoning description

It is intended to provide for a wide variety of commercial and mixed uses and to ensure that buildings are appropriately oriented to streets and pedestrian facilities are provided in commercial developments.

General category MIXED_USE
Top alternative use upside
Medical building $11.4M +63.0%
Restaurant $10.8M +54.2%
Office building $9.7M +38.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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