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Flex Retail-Office Warehouse

2711 S Main St Lebanon, OR 97355

Claim this Listing
For Sale
$1,600,000

COMMERCIAL - Lebanon, OR

Property size:
8,866 SF
Lot size:
0.92 Acres
Price / SF:
$180/SF
Added:
Jul 1, 2026
Days on Market:
12
Last Refresh:
Jul 12 at 2:06 am

Property Features for 2711 S Main St

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
8,866 SF
Lot size
0.92 Acres

Taxes and HOA fees

Tax Annual Amount
3586

Building Details

Year built
1940
Roof type
Composition

Listing agent LAURA GILLOTT License #920300248

Listing office KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM 266 E GRANT ST, Corvallis, OR

Listing date Jul 1, 2026

MLS# 842904

Copyright © 2026 Willamette Valley Multiple Listing Service. 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 property combines retail, office, and a large shop/warehouse use within a flex-style layout. The warehouse features 14' ceilings and multiple cranes, supported by 3-phase power. Outside, the yard is secured with fencing and includes some newer blacktop paving, offering practical space for vehicle staging or jobsite-style operations.

Located at 2711 S Main St in Lebanon, Oregon (Linn County), the property is described as having good traffic count and visibility. The exterior provides pull-through truck access, which can help streamline deliveries and customer or contractor traffic.

Recent building updates include a roof replacement in 2017 and all-LED lighting. With the combination of office and retail components alongside shop and warehouse space, the building can work well for tenants seeking an all-in-one footprint—such as a contractor facility or a marketing center—where both showroom/customer interaction and warehouse functionality are important.

Key Highlights

  • Combination retail, office, and large shop/warehouse space
  • Secured fenced yard with some new blacktop paving
  • 14' ceilings and multiple cranes

Local Financial Insights For Warehouse

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 $133.0k $15.00
− Vacancy −$5.2k −$0.58
EGI $127.8k $14.42
− OpEx −$19.2k −$2.16
NOI $108.6k $12.25
8,866 SF · lease $15.00/SF/yr · vacancy 3.89% · expense 15.00%

Alternative Uses

Best Use
Office B
$2.31M
$2.02M – $2.70M (±1% cap)
NOI $161,950 @ 7.0% cap · market cap 10.12%
Second Best
Warehouse
$1.55M
$1.36M – $1.81M (±1% cap)
NOI $108,644 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M (±1% cap)
NOI $180,798 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Law Firm HVAC Service Electrical Service Big Box & Wholesale Store Real Estate Agency Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Grocery & Convenience Store Carpet & Flooring Store Storage Facility

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

FAQs

What type of property is this?
Flex space - Secured fenced yard, pull-through truck access, and shop-ready improvements for contractor or marketing-center operations.
Where is this flex space located?
The property is located at 2711 S Main St Lebanon, OR.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Combination retail, office, and large shop/warehouse space; Secured fenced yard with some new blacktop paving; 14' ceilings and multiple cranes
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