4900 River RdKeizer, OR 97303

Property Details for 4900 River Rd

Year built

1964

Lot size

1.25 AC

Property size (Sq ft)

10,952 SF

Zone code

MU

Property type

Retail space

APN

073W02BA08200

APU

073W02BA08200

Description

Keizer Plaza, located at 4900 River Rd N, Keizer, OR 97303, offers two exceptional retail spaces for lease within a 16,656 square foot building situated on a 1.25-acre lot in Marion County. This multi-tenant property presents a unique opportunity for businesses seeking high-visibility locations. Space 4918, totaling 637 square feet, features an open office layout with a private restroom, ideal for professional services or smaller retail operations. Space 4912-4914, encompassing 995 square feet, is perfectly suited for a restaurant or food-related business. This space includes a front seating area, a service counter, a three-compartment sink, two handwashing sinks, and an ADA-compliant restroom. An adjoining area, currently used for refrigeration and storage, is also available. The current lease rate is a Net, Net, Net (NNN) structure at $0.40 per square foot per month. This vibrant location provides excellent access and visibility, making it an attractive proposition for a variety of businesses. The property's convenient location in Keizer, Oregon, offers easy access to major transportation routes and a strong customer base. Don't miss this chance to secure your ideal retail space in this thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,233,620

  6.5%

  $2,061,800

  7%

  $1,914,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,793,980

  Geo Method

  $2,193,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,944,560

  Mixed-Use / Specialty

  $2,085,220

  Hospitality / Lodging

  $1,569,920

  Office

  $2,104,880

  Institutional / Educational

  $2,178,790

  Residential Income

  $2,549,180

  Multifamily

  $2,886,760

  Automotive / Energy

  $1,867,530

  Parking / Income-Based Land

  $614,061

  Restaurant / Food Service

  $1,150,210

  Healthcare / Senior Housing

  $2,106,800

Location Insight

City

Keizer

County

Marion

State

Oregon

Latitude

44.9952

Longitude

-123.026

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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