NNN Industrial
For Sale
Contact for pricing
13000 S Pacific Hwy W, Monmouth, OR 97361
Two-building light industrial property with highway frontage and an occupied NNN lease.
Property Size8,410 SF
Lot Size1.13 Acres
Price / SF$142.69
Days on Market8
Property Features for 13000 S Pacific Hwy W
General Information
Standard status
Active
Size
8,410 SF
Lot size
1.13 Acres
Property subtype
Industrial
Zoning
County-UC-IL
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$52,800
Building Details
Buildings
2
Tenancy
Single
Listing Agency:
Capacity Commercial Group
Listed By:
Nick Williams · License #201230204
(503) 588-0400
Source:
Crexi
Added: Sep 3
Changed: Sep 10
Last Checked: Sep 10 at 6:45AM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This rural industrial property in Monmouth, Oregon, includes two buildings totaling ±8,410 SF on ±1.13 AC. The improvements comprise a 3,360 SF general-purpose building constructed in 1988 and a 5,040 SF utility building completed in 2000. The site carries County-UC-IL, Light Industrial zoning and frontage along Highway 99W.
Gerber Trailer Sales occupies the property under an NNN lease scheduled to expire in Q1 2027. The buildings provide a combination of general-purpose and utility-oriented industrial space within a single property, with the existing tenancy covering the full site.
Gerber Trailer Sales occupies the property under an NNN lease scheduled to expire in Q1 2027. The buildings provide a combination of general-purpose and utility-oriented industrial space within a single property, with the existing tenancy covering the full site.
Key Highlights
- ±8,410 SF across two industrial buildings
- ±1.13 AC with Highway 99W frontage
- 3,360 SF general‑purpose building constructed in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,642
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,792,840
$1.8M
Cap Rate 7%
$1,280,600
$1.3M
Cap Rate 9%
$996,022
$996.0K
Market Conditions
NOI Build-Up for 8,410 SF
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.
Gross rent
$111.0K $13.20/SF
− Vacancy
−$5.6K −$0.66/SF
EGI
$105.5K $12.54/SF
− OpEx
−$15.8K −$1.88/SF
NOI
$89.6K $10.66/SF
Area
Polk County, OR
Vacancy
5.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,792,840
Cap Rate 7%
$1,280,600
Cap Rate 9%
$996,022
Alternative Uses
Best Use
Warehouse
$1.28M
$1.12M – $1.49M
NOI $89,642 @ 7.0% cap · market cap 7.47%
Second Best
Industrial
$1.15M
$1.01M – $1.34M
NOI $80,534 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$2.23M
$1.95M – $2.61M
NOI $156,305 @ 7.0% cap · market cap 13.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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Business Placement
Demographics for 97361, OR
13,412
Population
4,858
Households
2.8
Avg Household Size
29
Median Age
28%
College-Educated
94%
High-School Grad
132.9 sq mi
ZIP Area
101
Density / Sq Mi
$70,625
Median Household Income
$28,812
Median Earnings
$1,128
Median Rent
$407,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
NNN property - Two-building light industrial property with highway frontage and an occupied NNN lease.
Where is this nnn property located?
The property is located at 13000 S Pacific Hwy W Monmouth, OR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: ±8,410 SF across two industrial buildings; ±1.13 AC with Highway 99W frontage; 3,360 SF general‑purpose building constructed in 1988
