Chemult Commercial Property For
109661 Hwy 97 Chemult, OR 97731
109661 Hwy 97, Chemult, OR, 97731
$140,000
For Sale
$140,000
COMMERCIAL - Chemult, OR
Property Size1,410 SF
Lot Size0.37 Acres
Price / SF$99.29
Days on Market654
Property Features for 109661 Hwy 97
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Alley
- Standard status
- Active
- APN
- 168320
- Size
- 1,410 SF
- Lot size
- 0.37 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 1108
Utilities
- Sewer type
- Septic Tank
- Heating system
- Natural Gas, Electric (Heating)
- Water source
- Well
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Block
- Roof type
- Metal
Listing agency
Crescent Lake Realty LLC
(541) 433-5368
Listed by
Tamara L Liday · License #910300237
(541) 600-0195
Added: Oct 7, 2024 Updated: May 14 at 1:47PM Checked: Jul 22 at 7:06AM
MLS# 220191001
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property in Chemult, Oregon, features frontage on Highway 97. The property includes two residential lots, suitable for a business owner or caretaker. The site has its own well, natural gas, and two septic tanks. The property size is 1410 square feet, situated on a 0.37-acre lot. The property is being sold in as-is condition.
Key Highlights
- Highway 97 frontage offers excellent visibility and accessibility.
- Two residential lots provide flexibility for business or caretaker.
- Natural gas heating provides efficient and cost‑effective warmth.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.0k | $15.60 |
| − Vacancy | −$1.5k | −$1.09 |
| EGI | $20.5k | $14.51 |
| − OpEx | −$7.7k | −$5.44 |
| NOI | $12.8k | $9.07 |
1,410 SF · lease $15.60/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$182.6K
$159.8K – $213.1K
NOI $12,785 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.2K
$252.2K – $336.2K
NOI $20,174 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with highway frontage and residential lots.
Where is this mixed-use property located?
The property is located at 109661 Hwy 97 Chemult, OR.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Highway 97 frontage offers **excellent visibility and accessibility**.; Two residential lots provide flexibility for business or caretaker.; Natural gas heating provides efficient and cost‑effective warmth.
