NNN Industrial
13000 South Pacific Highway West, Monmouth, OR 97361
For Sale
$1,050,000
Two-building light industrial property with highway frontage and an occupied NNN lease.
Property Size8,410 SF
Lot Size1.13 Acres
Price / SF$124.85
Days on Market64
Property Features for 13000 South Pacific Highway West
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Highway Access
Road Access
Additional Details
Gross Income
Building Details
Building Size
Buildings
Tenancy
Listing Agency:
Capacity Commercial Group
Listed By:
Nick Williams, CCIM · License OR #201230204
(503) 569-4449
Source:
Corfac
Added: Sep 9
Changed: Oct 26
Last Checked: Nov 10 at 7:10AM
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
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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 / Yr
$89,642
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
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
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 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 8.54%
Second Best
Industrial
$1.15M
$1.01M – $1.34M
NOI $80,534 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$2.23M
$1.95M – $2.61M
NOI $156,305 @ 7.0% cap · market cap 14.89%
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
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
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
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 South Pacific Highway West Monmouth, OR.
What is the asking price?
The asking price for this property is $1,050,000.
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
