Flex Facility with
For Sale
$2,250,000
Pending
1388 Antelope Road, White City, OR 97503
Commercial Sale, White City, OR
Property Size13,144 SF
Lot Size2.00 Acres
Days on Market344
Property Features for 1388 Antelope Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GI
Parking features
Parking Lot
Window features
Double Pane Windows, Aluminum Frames
Interior features
Built-in Features, Laminate Counters, Smart Lighting, Wired for Data, Wired for Sound
Lot features
Fenced, Level, Sprinklers In Front
Standard status
Pending
APN
10670840
Size
13,144 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
12472
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Solar (Heating), Ductless (Heating)
Cooling system
Ductless, Zoned, Heat Pump
Water source
Public
Amenities
Conference Room
Reception
Kitchenette
Fob Access
Building Details
Year built
2018
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Concrete, Carpet
Building materials
Steel Frame, Block
Roof type
Membrane
Listing Agency:
Keller Williams Realty Southern Oregon
(541) 608-0447
Listed By:
Melissa Hayes · License #201251085
(541) 450-4442
Added: Sep 21, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:06AM
MLS# 220209570
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 2-acre flex property comprises two structures totaling approximately 13,144 SF. Building A provides approximately 6,144 SF with four HEPA cleanrooms, private and shared offices, a conference room, reception area, kitchenette, Cat 5E wiring, 3-phase 480V power, wet sprinklers, and a membrane roof installed in 2022. Originally built in 1982, the building was remodeled in 2008. Building B adds approximately 7,000 SF, including mezzanine offices, a conference room, open work area, secured fob entry, LED lighting, two roll-up doors, piped air, freezer storage, and a rooftop solar array; it was built in 2018.
The site is zoned LI and includes asphalt parking with 18 stalls, along with a fenced and gated yard. Its White City industrial-corridor setting provides access to Hwy 62, I-5, and the airport, with approximately 12,650 daily traffic. The property is also within an Opportunity Zone and has expansion potential via Ave A on the south side.
The site is zoned LI and includes asphalt parking with 18 stalls, along with a fenced and gated yard. Its White City industrial-corridor setting provides access to Hwy 62, I-5, and the airport, with approximately 12,650 daily traffic. The property is also within an Opportunity Zone and has expansion potential via Ave A on the south side.
Key Highlights
- 2‑acre LI‑zoned property with two structures totaling approximately 13,144 SF
- Building A includes 4 HEPA cleanrooms, Cat 5E wiring, 3‑phase 480V power, and wet sprinklers
- Building B offers approximately 7,000 SF, 2 roll‑up doors, freezer storage, and rooftop solar
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
$119,824
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
5.33%
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%
$2,396,480
$2.4M
Cap Rate 7%
$1,711,771
$1.7M
Cap Rate 9%
$1,331,378
$1.3M
Market Conditions
NOI Build-Up for 13,144 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
$197.2K $15.00/SF
− Vacancy
−$12.8K −$0.98/SF
EGI
$184.3K $14.03/SF
− OpEx
−$64.5K −$4.91/SF
NOI
$119.8K $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%
$2,396,480
Cap Rate 7%
$1,711,771
Cap Rate 9%
$1,331,378
Alternative Uses
Best Use
Flex RnD
$1.71M
$1.50M – $2.00M
NOI $119,824 @ 7.0% cap · market cap 5.33%
Second Best
Warehouse
$1.45M
$1.27M – $1.70M
NOI $101,794 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$3.17M
$2.78M – $3.70M
NOI $222,081 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
113
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
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building flex campus with specialized rooms, office areas, fenced yard, and three-phase electrical service.
Where is this flex space located?
The property is located at 1388 Antelope Road White City, OR.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 2‑acre LI‑zoned property with two structures totaling approximately 13,144 SF; Building A includes 4 HEPA cleanrooms, Cat 5E wiring, 3‑phase 480V power, and wet sprinklers; Building B offers approximately 7,000 SF, 2 roll‑up doors, freezer storage, and rooftop solar
