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

    38901 Highway 226 SW Scio, OR 97374

    Sponsored
    For Sale
    $274,000

    Any Use-All the Following - Scio, OR

    Property size:
    1,368 SF
    Lot size:
    0.23 Acres
    Days on Market:
    172
    Last Refresh:
    Jan 31 at 2:06 am

    Property Features for 38901 Highway 226 SW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0031480
    Exterior features
    Separate Shop
    Size
    1,368 SF
    Lot size
    0.23 Acres

    Building Details

    Year built
    1976
    Roof type
    Aluminum, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    LAURA GILLOTT
    LAURA GILLOTT

    Keller Williams Realty Mid-Willamette (541) 451-2211

    Listing agent LAURA GILLOTT (541) 451-2211

    Listing date Aug 13, 2025

    MLS# 830767 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property in Scio, Oregon

    This mixed-use property in Scio, Oregon, features a corner lot zoned commercial. It offers a flexible opportunity with both shop space and a residence. The shop space measures 1,368 square feet with 10-foot ceilings and a slab on grade, including 220 power, a 16'10' slider door, and roughed-in plumbing. The residential component is a 1976 manufactured home with 3 bedrooms and 1 bathroom, totaling 924 square feet. Additional features include a 10'x40' lean-to shed and fencing on two sides. The lot size is 0.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Scio
    County
    Linn
    State
    Oregon
    Longitude
    -122.849045
    Latitude
    44.701862

    Nearby Similar for Sale

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    • $925,000

      60-Acre Farm with Water Rights

      Scio, Oregon farm featuring water rights and versatile soil.
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    • $650,000
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      Scio Industrial Building - Highway 226

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    • $650,000
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      Scio Industrial Building - Great Location

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      39188 Highway 226, Scio, OR 97374
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    FAQs

    What type of property is this?
    Mixed-use property - Commercial shop space and residential income property in Scio.
    Where is this mixed-use property located?
    The property is located at 38901 Highway 226 SW Scio, OR.
    What is the asking price?
    The asking price for this property is $274,000.
    What are key features of this property?
    This property features: - Corner lot zoned commercial, offering flexible shop space and residential opportunity.; - Shop space is 1,368 SF with 10' ceilings and 220 power.; - Includes a 3 bed, 1 bath manufactured home (924 SF).
    (541) 451-2211
    Request Owner's contact information
    38901 Highway 226 SW Scio, OR 97374
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    Scio, OR 97374
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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
    38901 Highway 226 SW Scio, OR 97374
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    We can help!
    Listing Contact
    LAURA GILLOTT
    LAURA GILLOTT
    Real Estate License ID: 920300248
    (541) 451-2211
    Learn more
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