2721 S Main St Lebanon, OR 97355
COMMERCIAL - Lebanon, OR
- Added:
- Jul 1, 2026
- Days on Market:
- 12
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 2721 S Main St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- HC
- Standard status
- Active
- Size
- 15,520 SF
- Lot size
- 1.98 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6534
Building Details
- Year built
- 1930
Listing agent LAURA GILLOTT License #920300248 (541) 990-7785
Listing office KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM 266 E GRANT ST, Corvallis, OR (541) 738-7770
Listing date Jul 1, 2026
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.
The property is located at 2721 S Main St in Lebanon, Oregon. The site is developed for commercial use, with all new LED lighting and a secured, fenced storage yard to support outside operations and equipment storage.
For tenants, buyers, or operators seeking a flexible industrial format, the combination of shop space, office space, and storage within two buildings can support a variety of light manufacturing, service, and distribution-adjacent uses. Building one’s bridge crane and ceiling height can be particularly useful for activities requiring overhead lifting, while the second building’s multi-tenant shop arrangement may suit an operator looking to manage or lease multiple workspaces.
Key Highlights
- Two buildings totaling approx. 15,520 SF on 1.98 acres zoned Highway Commercial
- Building one: approx. 6,500 SF with 14' ceilings and a bridge crane
- Building one includes 3‑phase power and city services
Local Financial Insights For Industrial
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 | $232.8k | $15.00 |
| − Vacancy | −$9.1k | −$0.58 |
| EGI | $223.7k | $14.42 |
| − OpEx | −$67.1k | −$4.32 |
| NOI | $156.6k | $10.09 |
