Storefront with Flexible
New
For Sale
$235,000
1350 Ivy ST, Junction City, OR 97448
Two entrances, a full kitchen and bath, and a separate heated storage shed support a range of commercial layouts.
Property Size1,032 SF
Price / SF$227.71
Days on Market1
Property Features for 1350 Ivy ST
General Information
Standard status
Active
Size
1,032 SF
Property subtype
Commercial
Amenities
full kitchen
full bath
utility/storage room with laundry hookups
covered parking
storage shed
vinyl windows
Building Details
Year Built
1935
Buildings
2
Listing Agency:
Keller Williams Realty Professionals
Listed By:
Brittany Gibbs · License #201209867
(503) 836-2010
Source:
Findhousesinoregon
Added: Oct 4
Last Checked: Oct 4 at 2:15PM
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 Keller Williams Realty Professionals
Investment Insights
Based on property information with market context.
This storefront contains 1,032 square feet and has two separate entrances, with space for up to four office areas. A full kitchen, full bathroom, and utility and storage room with laundry hookups are included. Vinyl windows are installed throughout, and the building dates to 1935.
The property comprises two 50-by-100-foot lots divided by a 20-foot alley. Covered parking is located behind the building, and the separate rear lot is currently used for parking. A detached 12-by-12-foot shed has electricity and heat; the rear lot can accommodate additional parking after clearing.
The property comprises two 50-by-100-foot lots divided by a 20-foot alley. Covered parking is located behind the building, and the separate rear lot is currently used for parking. A detached 12-by-12-foot shed has electricity and heat; the rear lot can accommodate additional parking after clearing.
Key Highlights
- 1,032‑square‑foot storefront with two separate entrances
- Layout can accommodate up to four office spaces
- Two 50‑by‑100‑foot lots separated by a 20‑foot alley
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
$13,231
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
5.63%
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%
$264,620
$264.6K
Cap Rate 7%
$189,014
$189.0K
Cap Rate 9%
$147,011
$147.0K
Market Conditions
NOI Build-Up for 1,032 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
$20.4K $19.80/SF
− Vacancy
−$1.5K −$1.49/SF
EGI
$18.9K $18.32/SF
− OpEx
−$5.7K −$5.49/SF
NOI
$13.2K $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%
$264,620
Cap Rate 7%
$189,014
Cap Rate 9%
$147,011
Alternative Uses
Best Use
Retail
$189.0K
$165.4K – $220.5K
NOI $13,231 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,276 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
200k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 31%
Groceries 22%
Home Improvements & Furnishings 8%
Safeway
Groceries
33,649 visits/mo
0.3 miles
McDonald's
Dining
20,508 visits/mo
0.3 miles
Safeway Gas
Shops & Services
16,481 visits/mo
0.3 miles
Dutch Bros. Coffee
Dining
15,207 visits/mo
0.5 miles
Bi-Mart
Shops & Services
13,505 visits/mo
0.4 miles
Demographics for 97448, OR
13,709
Population
6,150
Households
2.2
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
138.1 sq mi
ZIP Area
99
Density / Sq Mi
$78,244
Median Household Income
$40,306
Median Earnings
$1,079
Median Rent
$410,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- The Flower Gallerie of Junction City — 311 W 6th Ave, Junction City, OR 97448
Frequently Asked Questions
What type of property is this?
Storefront property - Two entrances, a full kitchen and bath, and a separate heated storage shed support a range of commercial layouts.
Where is this storefront property located?
The property is located at 1350 Ivy ST Junction City, OR.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,032‑square‑foot storefront with two separate entrances; Layout can accommodate up to four office spaces; Two 50‑by‑100‑foot lots separated by a 20‑foot alley
