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    Lebanon, OR 97355

    Sponsored
    For Sale
    $495,000

    High-yield mixed-use property in prime location

    Property size:
    4,698 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property presents a compelling investment opportunity in Lebanon, Oregon. Located on W Sherman Street, this building boasts 4,698 square feet on a 0.09-acre lot, offering a blend of retail and residential space. The retail area encompasses 1,516 square feet with excellent street visibility, featuring 30 feet of sidewalk frontage. Its strategic location near Main Street ensures high foot traffic and proximity to local amenities such as schools and stores. The building's residential component comprises three well-appointed apartments: a spacious three-bedroom unit (1,315 sq ft), a two-bedroom unit (1,144 sq ft), and a one-bedroom unit (723 sq ft). Each apartment contributes to the property's strong rental income potential. Practical features include a sprinkler system, separately metered electricity and gas for both retail and residential units, and four convenient parking spaces at the rear of the building. The property is currently listed at $495,000 and is being offered as-is. This is a rare chance to acquire a well-maintained, income-generating property in a desirable location. The previous sale attempt failed due to buyer financing issues, presenting a renewed opportunity for a qualified buyer.

    Property Features for

    General Information

    Property type
    Retail properties
    Square Feet
    4,698 SF
    Lot Size
    3,920 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Lebanon
    County
    Linn
    State
    Oregon
    Longitude
    -122.9078
    Latitude
    44.53912

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    FAQs

    What type of property is this?
    Retail property - High-yield mixed-use property in prime location
    Where is this retail property located?
    The property is located at Lebanon, OR.
    What is the asking price?
    The asking price for this property is $495,000.
    (503) 588-0940
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    Lebanon, OR 97355
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    Realmo Value Estimation

    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.

    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.

    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
    Lebanon, OR 97355
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