3640 S Santiam. Hwy, Lebanon, OR 97355
COMMERCIAL - Lebanon, OR
- Added:
- Oct 14, 2025
- Days on Market:
- 257
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 3640 S Santiam. Hwy
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- UGM 1
- Standard status
- Active
- Size
- 3,330 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3243
Utilities
- Heating system
- Natural Gas, Central, Floor Furnace
- Water source
- Well
Building Details
- Year built
- 1956
Listing agent LAURA GILLOTT License #920300248 (541) 451-2211
Listing office KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM 266 E GRANT ST, Corvallis, OR (541) 738-7770
Listing date Oct 14, 2025
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.
HighLights
- Completely remodeled office space with 6 office suites, a large conference room, and two bathrooms
- Includes large 36' x 36' retail showroom plus event space or additional office space
- Two kitchenettes and negotiable office furnishings
- Two tax lots with access from Hwy 20 and Cascade Drive, plus fenced yard/parking
- On‑site shop and storage: 20' x 75 shop with concrete floor and loft, plus 20' x 40 machine shed
- Utilities include natural gas heat with central and floor furnace; water source is a well (year built 1956)
Overview
The property is accessed from Hwy 20 and Cascade drive and includes a 20' x 75' shop with a concrete floor plus loft, along with a 20' x 40' machine shed. Two tax lots provide flexibility for how the property is used and managed on-site.
With office space, a sizable showroom, and dedicated work areas, the building can fit a range of owner-operators seeking a combined front-office and shop setup. Office furnishings are negotiable, which may simplify transition for tenants or buyers looking to move in quickly. A bumpable offer has been accepted, and the listing is presented for sale.
Local Financial Insights For Office B
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 | $94.3k | $28.32 |
| − Vacancy | −$13.2k | −$3.96 |
| EGI | $81.1k | $24.36 |
| − OpEx | −$20.3k | −$6.09 |
| NOI | $60.8k | $18.27 |
Alternative Uses
Current Use by Public Records
Map
- City
- Lebanon
- County
- Linn
- State
- Oregon
- Longitude
- -122.81
- Latitude
- 44.5254
