Property profile

5695 Gaffin Rd Salem, OR 97317

OFF-MARKET
Warehouses
Property ID
US71-0481053
5 ac lot
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Property summary

AI-generated overview

This 5-acre commercial property in Salem, Oregon, presents a unique redevelopment opportunity. Strategically located near the Highway 22/Gaffin Road interchange, a major transportation corridor between Salem and Central Oregon, it boasts unparalleled accessibility and visibility. The property includes a 1,364 sq ft house (built 1954), a 2,240 sq ft pole building (built 2012), and a 3,744 sq ft storage building (built 1989), all currently generating approximately $3,070 in monthly net income from month-to-month tenants. The property is served by a well (installed 2008, approx. 102' deep, 20-30 GPM) and septic system. Recently re-zoned Commercial in Marion County, this location is experiencing rapid industrial development and is surrounded by major corporations including Amazon, FedEx, Home Depot, and Lineage Logistics. Situated approximately 3 miles from Interstate 5, this property offers significant potential for various commercial uses. Seller financing is available. Please note: Do not disturb tenants.

Property profile

Verified
Property type Warehouses
Lot 5 ac (217,800 SF)
UPID US71-0481053

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
  • Auto Repair Shop

Location

5695 Gaffin Rd Salem, OR 97317
Salem metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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