Retail Business with
For Sale
$125,000
1308 BAY St, Florence, OR 97439
CommercialSale, Florence, OR
Property Size600 SF
Price / SF$208.33
Days on Market36
Property Features for 1308 BAY St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OTDA
View
City
Directions
Hwy 101, to Bay St, Building on South side of the street
Subdivision
_228
Standard status
Active
APN
0802775
Size
600 SF
Taxes and HOA fees
Tax Description
18-12-34-11-12600
Legal Description
18-12-34-11-12600
Building Details
Year built
1920
Floors in Building
1
Building materials
Frame
Roof type
Flat, Rubber
Listing Agency:
TR Hunter Real Estate
(541) 997-1200
Listed By:
Timothy Sapp · License #911200216
(541) 999-8230
Added: Jul 22
Changed: Aug 25
Last Checked: Aug 26 at 3:06AM
MLS# 767741951
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Jolly Egret is offered as a retail business opportunity rather than a sale of the underlying building. The transaction includes the business inventory and fixtures associated with the operation. The approximately 600-square-foot space includes a retail area, private office, storage area, and bathroom, providing a compact layout for customer service and back-of-house functions.
The business is located at 1308 Bay St in Florence, Oregon, within the Old Town area. The property record identifies OTDA zoning, frame construction, a 1920 build year, and a flat rubber roof. The offering is limited to the business and inventory; the building is excluded.
The business is located at 1308 Bay St in Florence, Oregon, within the Old Town area. The property record identifies OTDA zoning, frame construction, a 1920 build year, and a flat rubber roof. The offering is limited to the business and inventory; the building is excluded.
Key Highlights
- Business and inventory included; underlying building excluded
- Approximately 600 square feet of retail space
- Private office, storage area, and bathroom
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
$7,692
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
6.15%
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%
$153,840
$153.8K
Cap Rate 7%
$109,886
$109.9K
Cap Rate 9%
$85,467
$85.5K
Market Conditions
NOI Build-Up for 600 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
$11.9K $19.80/SF
− Vacancy
−$891 −$1.49/SF
EGI
$11.0K $18.32/SF
− OpEx
−$3.3K −$5.49/SF
NOI
$7.7K $12.82/SF
Area
Lane County, OR
Vacancy
7.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$153,840
Cap Rate 7%
$109,886
Cap Rate 9%
$85,467
Alternative Uses
Best Use
Retail
$109.9K
$96.2K – $128.2K
NOI $7,692 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$151.8K
$132.8K – $177.1K
NOI $10,625 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 17%
Hotels & Casinos 15%
The Human Bean
Dining
3,985 visits/mo
0.4 miles
Umpqua Bank
Shops & Services
1,921 visits/mo
0.3 miles
Homegrown
Dining
1,848 visits/mo
0.2 miles
Los Amigos
Dining
1,554 visits/mo
0.4 miles
Best Western Pier Point Inn
Hotels & Casinos
1,343 visits/mo
0.4 miles
Demographics for 97439, OR
15,634
Population
9,056
Households
1.7
Avg Household Size
62
Median Age
27%
College-Educated
92%
High-School Grad
168.3 sq mi
ZIP Area
93
Density / Sq Mi
$58,576
Median Household Income
$36,146
Median Earnings
$1,164
Median Rent
$364,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Established retail operation with inventory, private office, storage, and restroom within a storefront setting.
Where is this retail space located?
The property is located at 1308 BAY St Florence, OR.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Business and inventory included; underlying building excluded; Approximately 600 square feet of retail space; Private office, storage area, and bathroom
