1091 Chemawa RdKeizer, OR 97303

Property Details for 1091 Chemawa Rd

Year built

1970

Lot size

1.05 AC

Property size (Sq ft)

15,124 SF

Zone code

CG

Property type

Warehouses

APN

073W03BA01800

APU

073W03BA01800

Description

Located in Keizer, Oregon, at 1091 Chemawa Rd N, 97303, this industrial park offers eight buildings totaling 16,978 square feet of leasable space. The property features eight individual suites ranging from 510 to 1,672 rentable square feet, ideal for warehouse, flex, creative office, manufacturing, or office space needs. Recent improvements include fresh exterior paint, updated exterior lighting, and a completely repaved and restriped parking lot. All buildings are metal butler-style structures with insulated, pitched roofs, high ceilings, and wide spans. Each suite includes one or more roll-up doors, ample power and lighting, and sufficient water access. Thirty assigned parking spaces are available for tenants. The property is conveniently located off 99W, near the Salem Parkway and I-5, providing easy access to major transportation routes. Tenants are responsible for their own garbage, gas, and a pro-rata share of electricity. HVAC maintenance is handled by the property owner. Multiple tenancy is available.

• CAP approach

  CAP return

  Valuation

  6%

  $5,901,120

  6.5%

  $5,447,180

  7%

  $5,058,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,811,350

  Geo Method

  $4,660,130

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,847,210

  Mixed-Use / Specialty

  $2,879,560

  Hospitality / Lodging

  $2,167,960

  Office

  $2,906,710

  Institutional / Educational

  $3,008,760

  Residential Income

  $3,520,250

  Multifamily

  $3,986,430

  Automotive / Energy

  $2,578,940

  Parking / Income-Based Land

  $847,978

  Restaurant / Food Service

  $1,588,370

  Healthcare / Senior Housing

  $2,909,350

Location Insight

City

Keizer

County

Marion

State

Oregon

Latitude

44.9977

Longitude

-123.043

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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