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    18090 Redwood Highway Selma, OR 97538

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    Claim this Listing
    For Lease
    $5,200 /Mo

    COMMERCIAL - Selma, OR

    Property size:
    3,000 SF
    Lot size:
    1.62 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    46
    Last Refresh:
    Apr 19 at 1:06 am

    Property Features for 18090 Redwood Highway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    380802C0002900
    Size
    3,000 SF
    Lot size
    1.62 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2586

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Ductless (Heating), Electric (Heating)
    Cooling system
    Window Unit(s), Ductless, Wall/Window Unit(s)
    Water source
    Well

    Building Details

    Year built
    1976
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Laminate, Tile
    Building materials
    Concrete, Frame
    Roof type
    Membrane, Composition
    Additional Structures
    Mobile Home

    We can help!

    Listing Contact
    Mary R Parsagian
    Mary R Parsagian

    Listing agent Mary R Parsagian License #201206346

    Listing office RE/MAX Integrity Grants Pass 1830 NE 7th Street, Medford, OR

    Listing date Mar 4, 2026

    MLS# 220216330

    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.

    Overview

    Highway Market & Gas Station

    This unique leasing opportunity features an established highway front market and gas station in Selma, Oregon, offered with an adjoining acreage that includes a manufactured home. The primary asset is a 1.62-acre commercial site with an operating convenience store and fuel station. The fuel station features a 4-pump configuration and a fuel system retrofitted in 1998. Situated on Highway 199, the property benefits from excellent visibility, access, and limited nearby competition. The offering also includes an adjoining 5-acre parcel with a manufactured home, providing flexibility for owner-operator housing, rental income, or staff housing. The owner is open to leasing the gas station, store, and home separately. The property is well-suited for an owner-operator or investor seeking an income-producing commercial asset with existing infrastructure and future upside. The property size is approximately 3000 square feet. It is located in Josephine County, with the postal code 97538.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HAPPY TOMATOES (Bike/Boat/Book/etc) Store

    Suggested Use

    Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom Grocery & Convenience Store Storage Facility Discount Store Cafe & Coffee Shop Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Josephine
    State
    Oregon
    Longitude
    -123.613114
    Latitude
    42.289477

    FAQs

    What type of property is this?
    Gas station - Established market and gas station with housing in Selma, Oregon.
    Where is this gas station located?
    The property is located at 18090 Redwood Highway Selma, OR.
    What is the lease rate?
    The lease rate is $5,200 /Mo.
    What are key features of this property?
    This property features: Established highway front market and gas station on 1.62 acres with excellent visibility and access on Highway 199.; Includes an adjoining 5‑acre parcel with a manufactured home for owner‑operator housing, rental income, or staff housing.; Operating convenience store and fuel station with a 4‑pump configuration.
    (541) 770-3325
    We can help!
    Listing Contact
    Mary R Parsagian
    Mary R Parsagian
    Real Estate License ID: 201206346
    Learn More
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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
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