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Property profile & analytics
OFF-MARKET
Investment properties

707 Main St Lebanon, OR 97355-3209

0.11 ac lot Built 1920
Entity Owned 3-yr Hold Free & Clear
Property ID
US71-1850215
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully occupied four-unit commercial building ideally situated on a prominent corner lot at the intersection of Main and Sherman Streets in the heart of Lebanon, Oregon. Boasting 4,208 square feet on a 0.21-acre lot, this property offers significant street presence with 208 feet of Main Street frontage. The building features three separate entrances, providing convenient access for each of the four units. Recent upgrades enhance the property's value and efficiency, including a new roof installed in 2020, energy-efficient LED lighting throughout, a completely updated sewer system completed in 2024, and modernized bathrooms. Furthermore, two newer HVAC units ensure optimal climate control for tenants. The property's strong occupancy and recent improvements contribute to an attractive 7.14 cap rate, making it an ideal addition to any investor's portfolio. The private parking lot provides ample space for tenants and visitors. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a desirable downtown location. The current tenants are in place, and their privacy should be respected

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Lot 0.11 ac (4,792 SF)
APN 12S 02W 11CB 05500
UPID US71-1850215
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Laurel Springs School High School
  • The Hive Thrift Boutique LLC Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mid Willamette Real Estate LLC · 3 yrs held
Mid Willamette Real Estate LLC
since 2022
Last sale
$415,000
4 recorded transactions
2022
$415,000
2016
Price N/A
2014
Price N/A
2005
$253,750
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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