5014 River RdKeizer, OR 97303

Property Details for 5014 River Rd

Year built

1961

Lot size

2.09 AC

Property size (Sq ft)

26,137 SF

Zone code

MU

Property type

Retail space

APN

073W02BA08300

APU

073W02BA08300

Description

This exceptional commercial property, Vilberie Center, offers two available retail or office suites ranging from 725 to 1,662 contiguous square feet within a larger 26,137 square foot building. Located at 5014 River Rd N, Keizer, OR 97303, this single-story, Class B building boasts a convenient location near the bustling intersection of Chemawa Road and River Road N. The property is zoned MU (Mixed Use), providing flexibility for a variety of businesses. Currently, 2,437 square feet are vacant, offering immediate occupancy opportunities. The building was constructed in 1961 and features multiple tenants, including established anchors like Dollar Tree and La Hacienda Real. The strong tenant mix also includes Cascade Farm and Outdoor, Jersey Mike's, Starbucks, Safeway, Walgreens, and other national, regional, and local businesses. This strategic location provides excellent visibility and accessibility, making it an ideal space for businesses seeking a thriving commercial environment in Keizer, Oregon. The minimum divisible space is 725 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $7,058,499

  6.5%

  $6,515,538

  7%

  $6,050,142

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,374,043

  Geo Method

  $12,684,328

• Alternative Use

  Use

  Valuation

  Residential

  $5,496,100

  Hospitality

  $5,034,398

  Educational

  $4,188,560

  Medical

  $4,332,610

  Retail

  $6,515,538

Location Insight

City

Keizer

County

Marion

State

Oregon

Latitude

44.9981

Longitude

-123.026

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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