Grocery-Anchored Shopping
112 Northeast Main Street, Willamina, OR 97396
For Sale
Contact for pricing
Well-located retail center supporting an established grocery operation with reported $2.38M+ in annual gross sales.
Property Size11,400 SF
Price / SF$315.35
Days on Market163
Property Features for 112 Northeast Main Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Business Included
Building Details
Year Built
Tenancy
Listing Agency:
Sands Investment Group
Listed By:
Andrew Ackerman · License GA #311619
(954) 385-0000
Source:
Crexi
Added: Jun 4
Changed: Nov 10
Last Checked: Nov 12 at 7:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group
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Investment Insights
Based on property information with market context.
The Willamina Commercial Centre is an approximately 11,400-square-foot retail property offered for sale, anchored by a well-established operating grocery business. The center is positioned to support continued day-to-day retail use and community shopping activity based on the current tenant’s reported performance metrics.
The property is located at 112 NW Main Street in Willamina, Oregon. Public remarks indicate consistent local demand, with the operating grocery business generating approximately $2.38M+ in annual gross sales and more than 131,000 annual customer transactions.
For buyers looking for a retail asset with an operating grocery component, this property offers a straightforward use profile aligned with convenience-focused neighborhood shopping. The current operating presence and reported customer activity may support a buyer’s plan for continuing grocery-driven retail operations at the center.
The property is located at 112 NW Main Street in Willamina, Oregon. Public remarks indicate consistent local demand, with the operating grocery business generating approximately $2.38M+ in annual gross sales and more than 131,000 annual customer transactions.
For buyers looking for a retail asset with an operating grocery component, this property offers a straightforward use profile aligned with convenience-focused neighborhood shopping. The current operating presence and reported customer activity may support a buyer’s plan for continuing grocery-driven retail operations at the center.
Key Highlights
- 11,400 SF Willamina Commercial Centre at 112 NW Main Street in Willamina, OR
- Year built: 2016
- Property supports an established operating grocery business with approximately $2.38M+ in annual gross sales
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,458
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,729,160
$2.7M
Cap Rate 7%
$1,949,400
$1.9M
Cap Rate 9%
$1,516,200
$1.5M
Market Conditions
NOI Build-Up for 11,400 SF
Gross rent
$205.2K $18.00/SF
− Vacancy
−$10.3K −$0.90/SF
EGI
$194.9K $17.10/SF
− OpEx
−$58.5K −$5.13/SF
NOI
$136.5K $11.97/SF
Area
Yamhill County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,729,160
Cap Rate 7%
$1,949,400
Cap Rate 9%
$1,516,200
Alternative Uses
Best Use
Retail
$1.95M
$1.71M – $2.27M
NOI $136,458 @ 7.0% cap · market cap 3.80%
Second Best
Specialty Retail
$1.77M
$1.55M – $2.06M
NOI $123,877 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,400 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
23k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Groceries 28%
Home Improvements & Furnishings 10%
Dollar General
Shops & Services
8,526 visits/mo
0.4 miles
Willamina IGA
Groceries
6,584 visits/mo
0.1 miles
Shell
Shops & Services
5,958 visits/mo
0.5 miles
Skyberg's Lumber & Hardware
Home Improvements & Furnishings
2,363 visits/mo
0.1 miles
Demographics for 97396, OR
3,426
Population
1,473
Households
2.3
Avg Household Size
40
Median Age
10%
College-Educated
94%
High-School Grad
54.6 sq mi
ZIP Area
63
Density / Sq Mi
$52,857
Median Household Income
$42,217
Median Earnings
$1,104
Median Rent
$324,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Well-located retail center supporting an established grocery operation with reported $2.38M+ in annual gross sales.
Where is this grocery and convenience store located?
The property is located at 112 Northeast Main Street Willamina, OR.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: 11,400 SF Willamina Commercial Centre at 112 NW Main Street in Willamina, OR; Year built: 2016; Property supports an established operating grocery business with approximately $2.38M+ in annual gross sales
