Warehouse with Roll-Up
For Sale
$769,000
Pending
117 Trout Way, White City, OR 97503
Commercial Sale, White City, OR
Property Size7,560 SF
Lot Size0.46 Acres
Days on Market257
Property Features for 117 Trout Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
IG
Parking features
Gated, Driveway, RV, Parking Lot
Window features
Double Pane Windows, Aluminum Frames
Subdivision
Kirtland Rock Industrial Subdivision Phase 1
Lot features
Fenced, Level, Sprinkler Timer(s)
View
Territorial, Valley
Directions
Across from Rogue Transfer Station Turn on Western, immediate Left. The building is second on the left with RED trim.
Standard status
Pending
APN
10989193
Size
7,560 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12818
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2019
Floors in Building
1
Number of units
1
Flooring type
Laminate, Concrete
Building materials
Steel Frame, Concrete, Frame
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Rutledge Property Group · License #201007081
(541) 778-9677
Added: Dec 19, 2025
Changed: Aug 30
Last Checked: Sep 2 at 2:06PM
MLS# 220213090
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 7,560-square-foot industrial warehouse was built in 2019 and sits on 0.46 acres. The building includes an office area with mini-split heating and cooling, an ADA restroom, concrete and laminate flooring, central air, and a metal roof. Three 14' x 14' roll-up doors support warehouse access, while 800-amp, three-phase power serves the facility.
The site is fenced and gated, with paved parking, a driveway, and space accommodating RV parking. Public water and public sewer serve the property. A sewer line extends into the west end of the building, and the layout was designed to support a future division into two separate tenant areas with individual bathrooms.
The site is fenced and gated, with paved parking, a driveway, and space accommodating RV parking. Public water and public sewer serve the property. A sewer line extends into the west end of the building, and the layout was designed to support a future division into two separate tenant areas with individual bathrooms.
Key Highlights
- 7,560‑square‑foot industrial building on 0.46 acres
- Three 14' x 14' roll‑up doors
- 800‑amp, three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,919
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,378,380
$1.4M
Cap Rate 7%
$984,557
$984.6K
Cap Rate 9%
$765,767
$765.8K
Market Conditions
NOI Build-Up for 7,560 SF
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.
Gross rent
$113.4K $15.00/SF
− Vacancy
−$7.4K −$0.98/SF
EGI
$106.0K $14.03/SF
− OpEx
−$37.1K −$4.91/SF
NOI
$68.9K $9.12/SF
Area
Jackson County, OR
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,378,380
Cap Rate 7%
$984,557
Cap Rate 9%
$765,767
Alternative Uses
Best Use
Flex RnD
$984.6K
$861.5K – $1.15M
NOI $68,919 @ 7.0% cap · market cap 8.96%
Second Best
Warehouse
$836.4K
$731.9K – $975.8K
NOI $58,549 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,734 @ 7.0% cap · market cap 16.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97503, OR
12,349
Population
4,708
Households
2.6
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
81.7 sq mi
ZIP Area
151
Density / Sq Mi
$65,040
Median Household Income
$35,834
Median Earnings
$1,082
Median Rent
$299,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced industrial facility with paved parking, dedicated office space, and public utilities.
Where is this warehouse located?
The property is located at 117 Trout Way White City, OR.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: 7,560‑square‑foot industrial building on 0.46 acres; Three 14' x 14' roll‑up doors; 800‑amp, three‑phase power
