Auto Shop with Roll-Up
For Sale
$650,000
39188 Highway 226, Scio, OR 97374
Commercial, Scio, OR
Property Size4,300 SF
Lot Size0.50 Acres
Price / SF$151.16
Days on Market847
Property Features for 39188 Highway 226
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
EFU/CMSC
View
Territorial
Standard status
Active
Size
4,300 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
2325
Utilities
Water source
Well
Amenities
central office and reception space
LED lighting
300 amps power single phase
oil burning building heat
air compressor
Building Details
Year built
2019
Roof type
Aluminum
Listing Agency:
KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM
(541) 738-7770
Listed By:
LAURA GILLOTT · License #920300248
(541) 990-7785
Added: May 2, 2024
Changed: Aug 19
Last Checked: Aug 26 at 5:06AM
MLS# 816367
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.
Built in 2019, this 4,300-square-foot auto shop occupies a 43-by-100-foot slab-on-grade building on a fenced 0.50-acre property. The insulated metal structure has 16-foot eaves, six roll-up doors, LED lighting, and 300-amp single-phase power. Four doors measure 12 by 12 feet, while two measure 12 by 14 feet.
The interior includes a central office and reception area. Property improvements include three lifts, an air compressor, and oil-burning building heat. The site is served by a well and has an aluminum roof. Additional tools and equipment may be negotiated separately. The property is zoned EFU/CMSC and is located at 39188 Highway 226 in Scio, Oregon.
The interior includes a central office and reception area. Property improvements include three lifts, an air compressor, and oil-burning building heat. The site is served by a well and has an aluminum roof. Additional tools and equipment may be negotiated separately. The property is zoned EFU/CMSC and is located at 39188 Highway 226 in Scio, Oregon.
Key Highlights
- 4,300 SF shop on a fenced 0.50‑acre property
- 43' x 100' slab‑on‑grade building with 16' eaves
- Four 12' x 12' and two 12' x 14' roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,692
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,053,840
$1.1M
Cap Rate 7%
$752,743
$752.7K
Cap Rate 9%
$585,467
$585.5K
Market Conditions
NOI Build-Up for 4,300 SF
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.
Gross rent
$64.5K $15.00/SF
− Vacancy
−$2.5K −$0.58/SF
EGI
$62.0K $14.42/SF
− OpEx
−$9.3K −$2.16/SF
NOI
$52.7K $12.25/SF
Area
Linn County, OR
Vacancy
3.89%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,053,840
Cap Rate 7%
$752,743
Cap Rate 9%
$585,467
Alternative Uses
Best Use
Retail
$943.9K
$825.9K – $1.10M
NOI $66,071 @ 7.0% cap · market cap 10.16%
Second Best
Warehouse
$752.7K
$658.7K – $878.2K
NOI $52,692 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,687 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Drive-in doors
3
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97374, OR
5,543
Population
2,005
Households
2.8
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
129.6 sq mi
ZIP Area
43
Density / Sq Mi
$98,438
Median Household Income
$54,330
Median Earnings
$992
Median Rent
$534,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Q and A Automotive — 38756 OR-226, Scio, OR 97374
- Clevengers Automotive & Tires — 38955 OR-226, Scio, OR 97374
- Unrau Collision and Restoration — 39011 OR-226, Scio, OR 97374
- NAPA AutoCare Center Zurfluh MFG & Repair — 39188 OR-226, Scio, OR 97374
- Santiam RV Services — 39033 NE 4th Ave, Scio, OR 97374
Frequently Asked Questions
What type of property is this?
Auto shop - Insulated metal facility with office, reception area, fenced grounds, and dedicated vehicle-service equipment.
Where is this auto shop located?
The property is located at 39188 Highway 226 Scio, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,300 SF shop on a fenced 0.50‑acre property; 43' x 100' slab‑on‑grade building with 16' eaves; Four 12' x 12' and two 12' x 14' roll‑up doors
