Industrial Land with Warehouse
For Sale
$899,900
111 FOURTH St, Amity, OR 97101
CommercialSale, Amity, OR
Property Size9,600 SF
Lot Size0.83 Acres
Price / SF$93.74
Days on Market395
Property Features for 111 FOURTH St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LI
Directions
99w to Amity, Sest on 4th or 5th
Subdivision
_156
Standard status
Active
APN
199797
Size
9,600 SF
Lot size
0.83 Acres
Taxes and HOA fees
Tax Description
LOTS 3 & 6 PART LOT 2 - BLOCK 4 IN WATTS JOSEPH FIRST ADDITION
Tax Annual Amount
4537
Legal Description
LOTS 3 & 6 PART LOT 2 - BLOCK 4 IN WATTS JOSEPH FIRST ADDITION
Utilities
Heating system
Forced Air
Building Details
Year built
1950
Floors in Building
1
Building materials
Block
Roof type
Composition
Listing Agency:
Bella Casa Real Estate Group
(503) 437-9005
Listed By:
Kristina Lookabill · License #980800006
(503) 515-6152
Added: Jul 28, 2025
Changed: Aug 25
Last Checked: Aug 26 at 12:06AM
MLS# 503716719
Copyright © 2026 Regional Multiple Listing Services. 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 LI-zoned industrial property encompasses approximately 0.83 acres, or 36,000 square feet of land, with existing improvements totaling 9,600 square feet. The property includes warehouse space with four bay doors, six 10-by-20-foot storage units, and block construction. Forced-air heating and a composition roof are in place, and the improvements date to 1950.
Access is available from both 4th Street and 5th Street. The property is located one-half block from Highway 99W in Amity, Oregon, and sits near established Yamhill County tasting rooms associated with the area’s agritourism activity. The combination of industrial zoning, existing warehouse improvements, and multiple access points supports evaluation for continued industrial use or redevelopment.
Access is available from both 4th Street and 5th Street. The property is located one-half block from Highway 99W in Amity, Oregon, and sits near established Yamhill County tasting rooms associated with the area’s agritourism activity. The combination of industrial zoning, existing warehouse improvements, and multiple access points supports evaluation for continued industrial use or redevelopment.
Key Highlights
- Approximately 0.83 acres, or 36,000 sf, across 2 tax lots
- LI zoning for light industrial use
- Existing improvements total 9,600 square feet
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
$73,166
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
8.13%
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%
$1,463,320
$1.5M
Cap Rate 7%
$1,045,229
$1.0M
Cap Rate 9%
$812,956
$813.0K
Market Conditions
NOI Build-Up for 9,600 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
$92.2K $9.60/SF
− Vacancy
−$6.1K −$0.63/SF
EGI
$86.1K $8.97/SF
− OpEx
−$12.9K −$1.34/SF
NOI
$73.2K $7.62/SF
Area
Yamhill County, OR
Vacancy
6.60%
Lease Rate
$9.60 /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%
$1,463,320
Cap Rate 7%
$1,045,229
Cap Rate 9%
$812,956
Alternative Uses
Best Use
Warehouse
$1.05M
$914.6K – $1.22M
NOI $73,166 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,389 @ 7.0% cap · market cap 20.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 97101, OR
4,055
Population
1,397
Households
2.9
Avg Household Size
42
Median Age
20%
College-Educated
88%
High-School Grad
50.1 sq mi
ZIP Area
81
Density / Sq Mi
$105,061
Median Household Income
$55,254
Median Earnings
$1,413
Median Rent
$484,200
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.
Frequently Asked Questions
What type of property is this?
Industrial land - LI-zoned industrial property with warehouse improvements, storage units, and access from two city streets.
Where is this industrial land located?
The property is located at 111 FOURTH St Amity, OR.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Approximately 0.83 acres, or 36,000 sf, across 2 tax lots; LI zoning for light industrial use; Existing improvements total 9,600 square feet
