Storefront Unit with On-Site
For Sale
$330,000
1314 Ne Highway 99w, McMinnville, OR 97128
Commercial storefront unit with paved customer and employee parking along Highway 99W.
Property Size1,000 SF
Price / SF$330
Days on Market13
Property Features for 1314 Ne Highway 99w
General Information
Standard status
Active
Size
1,000 SF
Taxes and HOA fees
Annual Taxes
$2,864
Listing Agency:
Premier Homes Real Estate
(503) 437-0477
Listed By:
Lori Zumwalt · License #200211022
(503) 437-0477
Source:
Exprealty
Added: Jul 30
Changed: Aug 10
Last Checked: Aug 10 at 2:49AM
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 Premier Homes Real Estate
Investment Insights
Based on property information with market context.
This approximately 1,000-square-foot storefront unit offers commercial space for an owner-user business. The property includes a paved parking area serving customers and employees, supporting convenient day-to-day access.
Located at 1314 NE Highway 99W in McMinnville, the unit sits along a commercial corridor with direct exposure to the highway. The property is part of North Plaza Owners’ HOA.
Located at 1314 NE Highway 99W in McMinnville, the unit sits along a commercial corridor with direct exposure to the highway. The property is part of North Plaza Owners’ HOA.
Key Highlights
- Approximately 1,000‑square‑foot commercial storefront unit
- Paved on‑site parking for customers and employees
- Located at 1314 NE Highway 99W in McMinnville, OR
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
$11,970
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
3.63%
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%
$239,400
$239.4K
Cap Rate 7%
$171,000
$171.0K
Cap Rate 9%
$133,000
$133.0K
Market Conditions
NOI Build-Up for 1,000 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
$18.0K $18.00/SF
− Vacancy
−$900 −$0.90/SF
EGI
$17.1K $17.10/SF
− OpEx
−$5.1K −$5.13/SF
NOI
$12.0K $11.97/SF
Area
Yamhill County, OR
Vacancy
5.00%
Lease Rate
$18.00 /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%
$239,400
Cap Rate 7%
$171,000
Cap Rate 9%
$133,000
Alternative Uses
Best Use
Retail
$171.0K
$149.6K – $199.5K
NOI $11,970 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$269.9K
$236.2K – $314.9K
NOI $18,895 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
362k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 22%
Apparel 12%
Home Improvements & Furnishings 11%
McDonald's
Dining
30,401 visits/mo
0.2 miles
Marshalls
Apparel
27,645 visits/mo
0.5 miles
HomeGoods
Home Improvements & Furnishings
24,312 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
23,373 visits/mo
0.0 miles
Taco Bell
Dining
21,449 visits/mo
0.2 miles
Demographics for 97128, OR
38,394
Population
15,291
Households
2.5
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
112.2 sq mi
ZIP Area
342
Density / Sq Mi
$72,055
Median Household Income
$37,427
Median Earnings
$1,295
Median Rent
$419,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dearhouse Collective — 408 NE 13th St, McMinnville, OR 97128
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront unit with paved customer and employee parking along Highway 99W.
Where is this storefront property located?
The property is located at 1314 Ne Highway 99w McMinnville, OR.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Approximately 1,000‑square‑foot commercial storefront unit; Paved on‑site parking for customers and employees; Located at 1314 NE Highway 99W in McMinnville, OR
