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    3901 Timbet Dr SE Salem, OR 97317
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    3901 Timbet Dr SE, Salem, OR 97317

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    • Flex space
    For Lease
    $5,400/Mo
    View Listing →
    Warehouse with Fenced Yard For Lease
    $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
    View Listing
    Property ID
    US71-0807636
    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

    • Russell's Landscape Services Inc / Landscaping / General Contractor

    Property Details for 3901 Timbet Dr SE

    Year built
    1999
    Property type
    Flex space
    Property subtype
    Distribution centers

    Description

    This Marion County industrial property offers a 3,256-square-foot building comprising a 2,176-square-foot warehouse and a 1,080-square-foot shop. Situated on a 4.66-acre lot, the property features a secure, fenced site with a gated entrance and security cameras. The warehouse boasts two roll-up doors, a restroom, and ample storage space. A significant advantage is the inclusion of a one-acre graveled yard, ideal for storage or outdoor operations. The property is zoned UT-10. The building was constructed in 1999 and is currently available for lease as a single-tenant space. The monthly lease rate is $6,200. The current owner is retiring after decades in the landscaping business and is currently undertaking site cleanup. Interested parties are asked to refrain from contacting tenants or the owner directly. This property presents a unique opportunity for businesses requiring warehouse space, outdoor storage, and a secure location in Marion County.

    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
    -122.98022736185
    Latitude
    44.87181502487

    Comparable in this City

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      General Industrial Yard and Warehouse

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      Warehouse with Fenced Yard

      Versatile industrial property with office, warehouse space, and fenced yard.
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      Salem Industrial Property with Fenced Yard

      Versatile industrial property with office, warehouse, and secure yard.
      5755 State St, Salem, OR 97317
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    • Contact for pricing
      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
    • $12 SF/Yr

      Industrial Space Near I-5

      Industrial space for lease, minutes from I-5 in Salem.
      5065 State St, Salem, OR 97317
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    Similar Nearby for Sale

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      Freestanding Industrial Building For Sale

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      1,064,000 SF

      Industrial Land Ready For Development

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      Salem Agricultural Property with Warehouses

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      New Industrial Building For Sale

      New construction industrial building near I-5, completion January 2024.
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      Salem Land with Retail Potential

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    Similar Nearby for Lease

    • $10 SF/Yr
      193,758 SF

      Modern Marion County Industrial Facility

      New 193,758 SF Manufacturing/Warehouse
      4405 Turner Rd, Salem, OR 97317
      View Details
    • New
      Contact for pricing

      General Industrial Yard and Warehouse

      Large fenced yard with tractor-trailer access and warehouse space for flexible industrial operations.
      3511 Boone Rd SE, Salem, OR 97317
      View Details
    • $4,000 /Mo

      Warehouse with Fenced Yard

      Versatile industrial property with office, warehouse space, and fenced yard.
      5755 State St, Salem, OR 97317
      View Details
    • $4,000 /Mo
      5,405 SF

      Salem Industrial Property with Fenced Yard

      Versatile industrial property with office, warehouse, and secure yard.
      5755 State St, Salem, OR 97317
      View Details
    • Contact for pricing
      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
    • $12 SF/Yr

      Industrial Space Near I-5

      Industrial space for lease, minutes from I-5 in Salem.
      5065 State St, Salem, OR 97317
      View Details
    View Listing
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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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    3901 Timbet Dr SE, Salem, OR, 97317
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