424 NE Ford St, McMinnville, OR
7,977 SF office building with C-3 zoning.
- Added:
- May 12, 2025
- Days on Market:
- 402
- Last Refresh:
- May 20 at 8:31 pm
Property Features for 424 NE Ford St
General Information
- Standard status
- Active
- Size
- 7,977 SF
- Lot size
- 0.18 Acres
- Property subtype
- OFFICE
Listing agent Mary Martin Miller (503) 740-9200
Listing office Miller Consulting Group LLC (503) 740-9200
Listing date May 12, 2025
Source Moodyscre
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 Miller Consulting Group LLC
HighLights
- C‑3 Zoning allows for many uses
- 7,977 sq ft building size
- Plumbing for individual exam rooms
- Office areas
- Large storage & utility room upstairs
- Remodeled to offices in 1976
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.9k | $22.80 |
| − Vacancy | −$44.2k | −$5.54 |
| EGI | $137.7k | $17.26 |
| − OpEx | −$34.4k | −$4.31 |
| NOI | $103.3k | $12.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- McMinnville
- County
- Yamhill
- State
- Oregon
- Longitude
- -123.193
- Latitude
- 45.2059
