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    The Largest CRE Database in the US with Over 1 Million Listings

    150 Mountian Blvd Mount Vernon, OR 97865

    Sponsored
    For Sale
    $599,000

    F - Mount Vernon, OR

    Lot size:
    0.44 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 21 at 8:06 pm

    Property Features for 150 Mountian Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    201 Commercial
    APN
    4738
    Parking
    10
    Parking features
    Assigned
    Interior features
    High Speed Internet
    Lot size
    0.44 Acres

    Utilities

    Heating system
    Forced Air, Oil
    Cooling system
    Central Air
    Water front features
    Stream

    Building Details

    Year built
    1970
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block, Concrete, Frame
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    E. Lamar Yoder

    EXP REALTY LLC (888) 814-9613 [email protected]

    Listing agent E Lamar Yoder (888) 814-9613 License #201207796

    Listing date Jan 3, 2026

    MLS# 220206297 Listing URL

    Copyright © 2026 MLS of Central Oregon. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mount Vernon Gas Station Opportunity

    This commercial property in Mount Vernon, Oregon, presents a prime opportunity for revitalization. Located at the intersection of Hwy 26 and Hwy 395, the property features a 76 gas station and convenience store. The offering includes the real estate and associated personal property. While currently not in operation, it is a turnkey opportunity for a new owner to re-open and expand the business. The property includes above-ground 6000-gallon fuel tanks, two pumps with six nozzles replaced in 2024, and a new pump canopy. The convenience store is equipped with a new point-of-sale system and cash register, eight small coolers, one walk-in 8' x 20' cooler with a brand-new compressor, and an ice cream freezer. The lot size is 0.44 acres. The zoning is 201 Commercial. The seller reports 2024 gross revenue just over $1.2 million, with higher figures in prior years. The owner is willing to finance with 50% down at 6%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Map

    City
    Mount Vernon
    County
    Grant
    State
    Oregon
    Longitude
    -119.113134
    Latitude
    44.418265

    Nearby Similar for Sale

    • $1,100,000
      Pending

      Expansive Rangeland Opportunity in Mount Vernon

      20,846-acre ranch with grazing rights and hunting potential near Mount Vernon.
      Usfs 36 Rd, Mount Vernon, OR 97865
      View Details

    FAQs

    What type of property is this?
    Gas station - Gas station and convenience store with high-traffic corner visibility.
    Where is this gas station located?
    The property is located at 150 Mountian Blvd Mount Vernon, OR.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - High-traffic corner location at the intersection of Hwy 26 and Hwy 395 with exceptional visibility and access.; - Turnkey opportunity to re-open and expand a gas station and convenience store.; - **New fuel pumps (2 pumps, 6 nozzles) installed in 2024 under a new pump canopy.**
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 Mountian Blvd Mount Vernon, OR 97865
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    We can help!
    Listing Contact
    E. Lamar Yoder
    Real Estate License ID: 201207796
    (888) 814-9613
    Learn more
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