Building Details

Year Built 1900

Listing Agency: Keller Williams Southern Oregon-Umpqua Valley

Listed By: Karissa Pangelina · License #201231176 Show Phone

Source: Wyndeekono

Added: Jul 21 Changed: Oct 7 Last Checked: Oct 7 at 2:49PM

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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 Keller Williams Southern Oregon-Umpqua Valley

Investment Insights

Based on property information with market context.

Built in 1900, this downtown Oakland retail building contains two storefronts with distinct interior configurations. One side includes a kitchen area, dishwashing space, two bathrooms, and a storage room. The second side offers a broad open floor plan that can accommodate a range of retail or commercial concepts.

Interior features include exposed brick, tall ceilings, and large windows that bring character and natural light to the space. The property is located at 116 SE Locust St along Oakland’s downtown main stretch, placing both storefronts within the historic downtown setting.

Key Highlights

• Two storefronts within one downtown Oakland building
• One storefront includes a kitchen, dishwashing area, two bathrooms, and storage
• Second storefront features a large open interior

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,790

Cap Rate

7.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$435,800 $435.8K

Cap Rate 7%

$311,286 $311.3K

Cap Rate 9%

$242,111 $242.1K

Market Conditions

NOI Build-Up for 1,830 SF

Gross rent

$32.9K $18.00/SF

− Vacancy

−$1.8K −$0.99/SF

EGI

$31.1K $17.01/SF

− OpEx

−$9.3K −$5.10/SF

NOI

$21.8K $11.91/SF

Area

Douglas County, OR

Vacancy

5.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$435,800

Cap Rate 7%

$311,286

Cap Rate 9%

$242,111

Alternative Uses

Best Use

Retail

$311.3K

$272.4K – $363.2K (±1% cap)

NOI $21,790 @ 7.0% cap · market cap 7.03%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$316.7K

$277.1K – $369.5K (±1% cap)

NOI $22,171 @ 7.0% cap · market cap 7.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Storage Facility Carpet & Flooring Store Butcher Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

94

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 97462, OR

4,130

Population

1,797

Households

2.3

Avg Household Size

52

Median Age

26%

College-Educated

94%

High-School Grad

219.7 sq mi

ZIP Area

19

Density / Sq Mi

$65,032

Median Household Income

$38,338

Median Earnings

$1,205

Median Rent

$377,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Downtown commercial space with kitchen amenities, open layout, exposed brick, large windows, and high ceilings.

Where is this storefront property located?

The property is located at 116 SE Locust St Oakland, OR.

What is the asking price?

The asking price for this property is $310,000.

What are key features of this property?

This property features: Two storefronts within one downtown Oakland building; One storefront includes a kitchen, dishwashing area, two bathrooms, and storage; Second storefront features a large open interior