Storefront with Private
129 S Old Pacific Hwy, Myrtle Creek, OR 97457
For Sale
$140,000
C-3-zoned space includes a reception area, private office, work area, storage, break room and restroom.
Property Size736 SF
Price / SF$190.22
Days on Market187
Property Features for 129 S Old Pacific Hwy
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Gross Income
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Village Realty
(541) 863-3134
Listed By:
Sandee Ethington · License OR #201211844
(541) 520-9743
Source:
Eaglecaprealty
Added: May 8
Changed: Nov 7
Last Checked: Nov 9 at 8:29PM
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 Village Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1983 storefront at 129 S Old Pacific Hwy in Myrtle Creek has a large work area, front reception, private office with a view into reception, storage room, break room and restroom. A metal roof was installed in 2024. The business operating at the property is excluded from the sale.
An on-site parking area sits in front of the building. The property also has a prominent sign area for business identification and a billboard sign in front. The billboard space is leased from the property owner; a new owner would need to enter a new lease with the sign company to continue that arrangement. The property is zoned C-3.
An on-site parking area sits in front of the building. The property also has a prominent sign area for business identification and a billboard sign in front. The billboard space is leased from the property owner; a new owner would need to enter a new lease with the sign company to continue that arrangement. The property is zoned C-3.
Key Highlights
- 1983 storefront with a metal roof installed in 2024
- Interior includes a large work area, reception, private office, storage, break room and restroom
- C‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,764
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$175,280
$175.3K
Cap Rate 7%
$125,200
$125.2K
Cap Rate 9%
$97,378
$97.4K
Market Conditions
NOI Build-Up for 736 SF
Gross rent
$13.2K $18.00/SF
− Vacancy
−$729 −$0.99/SF
EGI
$12.5K $17.01/SF
− OpEx
−$3.8K −$5.10/SF
NOI
$8.8K $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%
$175,280
Cap Rate 7%
$125,200
Cap Rate 9%
$97,378
Alternative Uses
Best Use
Retail
$125.2K
$109.6K – $146.1K
NOI $8,764 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$127.4K
$111.5K – $148.6K
NOI $8,917 @ 7.0% cap · market cap 6.37%
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
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Home Improvements & Furnishings 18%
Dollar General
Shops & Services
5,576 visits/mo
0.2 miles
Mobil
Shops & Services
2,405 visits/mo
0.1 miles
Del's True Value Building Supply
Home Improvements & Furnishings
1,775 visits/mo
0.0 miles
Demographics for 97457, OR
10,363
Population
4,688
Households
2.2
Avg Household Size
47
Median Age
11%
College-Educated
91%
High-School Grad
164.0 sq mi
ZIP Area
63
Density / Sq Mi
$53,514
Median Household Income
$35,857
Median Earnings
$917
Median Rent
$242,300
Median Home Value
Check the figures for this property
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View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - C-3-zoned space includes a reception area, private office, work area, storage, break room and restroom.
Where is this storefront property located?
The property is located at 129 S Old Pacific Hwy Myrtle Creek, OR.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 1983 storefront with a metal roof installed in 2024; Interior includes a large work area, reception, private office, storage, break room and restroom; C‑3 zoning
