Property profile

3535 Del Webb Ave NE Salem, OR 97301

FOR SALE
Warehouses
Property ID
US71-0650503
21,550 SF 1.1 ac lot Built 1999
Entity Owned 3-yr Hold ~ Est. High Equity
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For Sale
Contact for pricing 21,550 SF
3535 Del Webb Ave NE, Salem, OR 97301
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Property summary

AI-generated overview

This 803-square-foot warehouse, located at 3535 Del Webb Ave NE, Suite 128, Salem, Oregon 97301, is currently available for lease. The property is classified as Industrial, with a specific subtype of Warehouse and is zoned IG - Industrial General. The building offers a single-tenant occupancy, meaning the entire 803 square feet is available to a single lessee. This presents a unique opportunity for a business seeking a functional and conveniently located space. The property's address is easily accessible within Salem, Oregon, providing excellent access to transportation routes and potential customer bases. The building's size is ideal for smaller businesses or those requiring a compact yet efficient workspace. Interested parties are encouraged to inquire further to explore the leasing possibilities and learn more about this attractive industrial property. The property is situated at latitude 44.9754832 and longitude -123.0156137. This single-tenant warehouse offers a straightforward and efficient space for a variety of industrial uses, subject to zoning regulations. Contact us to schedule a viewing.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1999
Total area 21,550 SF
Lot 1.1 ac (47,916 SF)
Zoning code IG
APN 073W11DB01000
UPID US71-0650503

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
  • Production Facility
  • Security Service
  • Physician
  • Garden Center
  • Corporate Office

Location

3535 Del Webb Ave NE Salem, OR 97301
Salem metro Census 400 SALEM, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.56M
Comparable Approach Comparable
$4.86M
Blend (final) Blend
$4.13M

Owner & transaction history

since 2022
Last sale
$3.5M
6 recorded transactions
2022
$3.5M
2010
$2.1M
2010
$2.1M
1999
Price N/A
1999
$167,700
1988
Price N/A

Zoning & alternative use

IG · Salem, OR
Zoning description

Industrial and Employment Zone: IG Buildings and accessory structures Min 10 ft. Type C Vehicle use areas Limitations and Qualifications (1) Zone-to-zone setbacks are not required abutting an alley. (2) Notwithstanding q…

General category INDUSTRIAL
Top alternative use upside
Commercial (general) $6.1M +45.5%
Office building $5.5M +32.3%
Retail stores $5.3M +26.7%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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