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    3741 Langley St SE Salem, OR 97317

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    3741 Langley St SE Salem, OR 97317

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    • Industrial land
    • 791,060 SF
    For Sale
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    Large Industrial Site in Salem For Sale
    Contact for pricing
    791,060 SF

    Large Industrial Site in Salem

    Large industrial site with flexible zoning near I-5.

    3741 Langley Street SE, Salem, OR 97317
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    Property ID
    US71-0226060
    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

    • Industrial land

    Property Details for 3741 Langley St SE

    Property size
    791,060 SF
    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    Large-scale industrial site available for sale. The buildings can be purchased together or separately, and the site plan can be modified to accommodate a user's requirement. Alternative site plans are available. Land sales and build-to-suits are also available; contact brokers for details. Flexible zoning designation that allows for warehouse/distribution, manufacturing, data center, contractor uses, commercial parking, and more. Salem, the State's Capital City, is a growing market approximately 35 minutes south of the Portland Metro. Salem benefits from a prominent location while maintaining favorable economics relative to other regional locations. Salem boasts a labor pool of over 1,200,000 eligible workers, according to a recent SEDCOR analysis. Located with close proximity to I-5 and the Airport.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.985497
    Latitude
    44.876439

    Comparable in this City

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      165+ Acre Development Opportunity

      165.74-acre parcel suitable for industrial and commercial development.
      5250 Eastland Ave Southeast, Salem, OR 97317
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      Industrial Land in South Salem

      21.19 acres of industrial land with development potential.
      36Th Ave SE, Salem, OR 97317
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      Large Industrial Land For Sale

      Large industrial land site with I-5 proximity in Salem, Oregon.
      3741 Langley St SE, Salem, OR 97317
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    • $695,000
      1,414 SF

      South Salem Development Opportunity

      1.21 acre industrial land with residential home and shop.
      4856 32Nd Ave SE, Salem, OR 97317
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      Salem Industrial Land For Sale

      12.17-acre industrial parcel near Turner and Salem.
      5075 Turner Rd SE, Salem, OR 97317
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      5.37 Acres Vacant Land Available

      5.37 acres of vacant land zoned IG; UT-10.
      3780 Boone Rd SE, Salem, OR 97317
      View Details

    Similar Nearby for Sale

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      Industrial Land in South Salem

      21.19 acres of industrial land with development potential.
      36Th Ave SE, Salem, OR 97317
      View Details
    • Contact for pricing

      Large Industrial Land For Sale

      Large industrial land site with I-5 proximity in Salem, Oregon.
      3741 Langley St SE, Salem, OR 97317
      View Details
    • $695,000
      1,414 SF

      South Salem Development Opportunity

      1.21 acre industrial land with residential home and shop.
      4856 32Nd Ave SE, Salem, OR 97317
      View Details
    • Contact for pricing

      Salem Industrial Land For Sale

      12.17-acre industrial parcel near Turner and Salem.
      5075 Turner Rd SE, Salem, OR 97317
      View Details
    • Contact for pricing

      5.37 Acres Vacant Land Available

      5.37 acres of vacant land zoned IG; UT-10.
      3780 Boone Rd SE, Salem, OR 97317
      View Details
    • Contact for pricing

      165+ Acre Development Opportunity

      165.74-acre parcel suitable for industrial and commercial development.
      5250 Eastland Ave Southeast, Salem, OR 97317
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      9.2 Acres Near Mill Creek

      9.2 acres of IG zoned land near Mill Creek.
      5465 Turner Rd SE, Salem, OR 97317
      View Details
    • $1.25 SF/Yr
      1,301 SF

      Retail Space on Busy Corridor

      Well-maintained retail space with ample parking and excellent signage.
      130-164 Lancaster Dr SE, Salem, OR 97317
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Salem, Oregon

      Retail space available in a shopping center with ample parking.
      498 Lancaster Dr NE, Salem, OR 97317
      View Details
    • $1.54 SF/Yr
      13,720 SF

      Freestanding Retail Building For Lease

      Class A retail building with showroom, dock, and drive-in bays.
      3950 Hagers Grove Rd SE, Salem, OR 97317
      View Details
    • $5,400 /Mo
      3,256 SF

      Warehouse with Fenced Yard

      3,256 SF warehouse with one-acre fenced yard for lease.
      3901 Timbet Dr SE, Salem, OR 97317
      View Details
    • $10 SF/Yr

      Retail Space in Salem Hub

      Retail space available in a growing Salem retail hub.
      1120-1264 Lancaster Dr SE, Salem, OR 97317
      View Details
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    Salem, OR 97317
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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.

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    3741 Langley St SE, Salem, OR, 97317

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