Medical Office with Alley
For Sale
Under Contract
$199,900
1235/1245 Main St, Sweet Home, OR 97386
Commercial, Sweet Home, OR
Property Size2,156 SF
Lot Size0.07 Acres
Price / SF$92.72
Days on Market52
Property Features for 1235/1245 Main St
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C1
View
Territorial
Directions
Building is on southside of Main st (hwy 20) in the block between 12th & 13th
Standard status
Active Under Contract
Size
2,156 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
2677
Utilities
Heating system
Electric (Heating), Zoned
Cooling system
Window Unit(s), Electric
Building Details
Year built
1938
Roof type
Other
Listing Agency:
HOMESMART REALTY GROUP - SWEET HOME
Listed By:
KARLA HOGAN · License #980900018
(541) 409-0547
Added: Aug 27
Changed: Oct 2
Last Checked: Oct 17 at 3:06AM
MLS# 845022
Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This medical office property at 1235/1245 Main St in Sweet Home contains 2,156 square feet on a 0.07-acre lot. The building dates to 1938 and has two separate tax accounts. Interior areas include reception, a waiting room, private offices, and work space. Heating is electric and zoned; cooling is provided by electric window units.
The property has Main Street frontage and alley access, with Festival Street and 13th Ave nearby. It is zoned C1.
The property has Main Street frontage and alley access, with Festival Street and 13th Ave nearby. It is zoned C1.
Key Highlights
- 2,156‑square‑foot medical office on a 0.07‑acre lot
- Two separate tax accounts
- Main Street frontage with alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,482
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,640
$249.6K
Cap Rate 7%
$178,314
$178.3K
Cap Rate 9%
$138,689
$138.7K
Market Conditions
NOI Build-Up for 2,156 SF
Gross rent
$22.0K $10.20/SF
− Vacancy
−$1.2K −$0.55/SF
EGI
$20.8K $9.65/SF
− OpEx
−$8.3K −$3.86/SF
NOI
$12.5K $5.79/SF
Area
Linn County, OR
Vacancy
5.40%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,640
Cap Rate 7%
$178,314
Cap Rate 9%
$138,689
Alternative Uses
Best Use
Office B
$562.6K
$492.3K – $656.4K
NOI $39,382 @ 7.0% cap · market cap 19.70%
Second Best
Healthcare Medical
$178.3K
$156.0K – $208.0K
NOI $12,482 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$628.1K
$549.6K – $732.8K
NOI $43,966 @ 7.0% cap · market cap 21.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97386, OR
14,611
Population
6,339
Households
2.3
Avg Household Size
44
Median Age
11%
College-Educated
87%
High-School Grad
125.9 sq mi
ZIP Area
116
Density / Sq Mi
$68,116
Median Household Income
$37,125
Median Earnings
$1,141
Median Rent
$302,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Sweet Home Veterinary Hospital — 1214 Long St, Sweet Home, OR 97386
- Peters Heather DVM — 1214 Long St, Sweet Home, OR 97386
Frequently Asked Questions
What type of property is this?
Medical Office Space - Its interior has reception and waiting areas, private offices, and dedicated work space.
Where is this medical office space located?
The property is located at 1235/1245 Main St Sweet Home, OR.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 2,156‑square‑foot medical office on a 0.07‑acre lot; Two separate tax accounts; Main Street frontage with alley access
