Mixed-Use Property with
For Sale
$395,000
935 NE Hwy 20, Toledo, OR 97391
Commercial Sale, Toledo, OR
Property Size1,329 SF
Lot Size1.05 Acres
Price / SF$297.22
Days on Market452
Property Features for 935 NE Hwy 20
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C - Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Basement
Parking features
Garage - Detached, Carport
Basement
Daylight
Appliances
Dishwasher, Microwave, Water Heater, Refrigerator
Lot features
Level, Gentle Sloping
Directions
Hwy 20 to Toledo, property is on the corner of Burgess and business 20
Standard status
Active
APN
111008CD-4200-00
Size
1,329 SF
Lot size
1.05 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
3090
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Roof type
Composition
Additional Structures
Workshop
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Tamara L. Zimmerman · License #961000002
(541) 921-0220
Added: Jun 6, 2025
Changed: Aug 19
Last Checked: Aug 31 at 1:06PM
MLS# LC-104100
Copyright © 2026 Oregon Coast MLS. 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 mixed-use offering includes two commercially zoned parcels totaling 1.05 acres. One parcel contains a residence with a 1,000-square-foot unfinished basement, while the other includes a garage, shop, and 644-square-foot fixer house. The property size is listed at 1,329 square feet. Existing improvements date to 1925 and include forced-air heating, a composition roof, and appliances including a dishwasher, microwave, water heater, and refrigerator.
Located along NE Hwy 20 in Toledo, the property includes a sizable parking area, detached garage, and carport. Public water and public sewer serve the parcels. The C - Commercial zoning permits both residential and commercial use.
Located along NE Hwy 20 in Toledo, the property includes a sizable parking area, detached garage, and carport. Public water and public sewer serve the parcels. The C - Commercial zoning permits both residential and commercial use.
Key Highlights
- Two commercially zoned parcels totaling 1.05 acres
- C - Commercial zoning allows residential and commercial use
- 1,000‑square‑foot unfinished basement in the existing residence
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
$12,180
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
3.08%
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%
$243,600
$243.6K
Cap Rate 7%
$174,000
$174.0K
Cap Rate 9%
$135,333
$135.3K
Market Conditions
NOI Build-Up for 1,329 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
$20.7K $15.60/SF
− Vacancy
−$1.2K −$0.94/SF
EGI
$19.5K $14.66/SF
− OpEx
−$7.3K −$5.50/SF
NOI
$12.2K $9.17/SF
Area
Lincoln County, OR
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
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%
$243,600
Cap Rate 7%
$174,000
Cap Rate 9%
$135,333
Alternative Uses
Best Use
Mixed Use
$174.0K
$152.3K – $203.0K
NOI $12,180 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.6K
$303.3K – $404.4K
NOI $24,265 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
Business Placement
Demographics for 97391, OR
5,610
Population
2,478
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
49
Density / Sq Mi
$57,793
Median Household Income
$35,241
Median Earnings
$1,046
Median Rent
$355,100
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercially zoned parcels support both residential and commercial use, with existing structures and public utilities.
Where is this mixed-use property located?
The property is located at 935 NE Hwy 20 Toledo, OR.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two commercially zoned parcels totaling 1.05 acres; C - Commercial zoning allows residential and commercial use; 1,000‑square‑foot unfinished basement in the existing residence
