Building Details

Year built 1927

Roof type Aluminum

Listing Agency: EXP REALTY, LLC L***@exprealty.com Show Phone

Listed By: NATASHA STILLE · License #201238598 Show Phone

Added: Aug 29 Changed: Oct 7 Last Checked: Oct 15 at 1:06AM

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MLS# 845204

Copyright © 2026 Willamette Valley Multiple Listing Service. 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.

This retail property includes an approximately 1,800-square-foot building on one acre in Gervais, Oregon. Constructed in 1927, the structure includes a basement and is currently operated as an antique collective. It previously served as a grange hall.

Recent property work includes an updated electrical panel, remodeled bathroom, roof repair, and chimney maintenance. The building has an aluminum roof. Water is supplied by a well, which has been inspected, and the septic tank was pumped in 2026.

The property is zoned EFU. Any future use should be evaluated against applicable zoning requirements and other site considerations.

Key Highlights

• 1,800‑square‑foot retail building on 1 acre
• Currently operated as an antique collective
• 1927 construction with basement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,705

Cap Rate

6.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$434,100 $434.1K

Cap Rate 7%

$310,071 $310.1K

Cap Rate 9%

$241,167 $241.2K

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$32.4K $18.00/SF

− Vacancy

−$1.4K −$0.77/SF

EGI

$31.0K $17.23/SF

− OpEx

−$9.3K −$5.17/SF

NOI

$21.7K $12.06/SF

Area

Marion County, OR

Vacancy

4.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$434,100

Cap Rate 7%

$310,071

Cap Rate 9%

$241,167

Alternative Uses

Best Use

Retail

$310.1K

$271.3K – $361.8K (±1% cap)

NOI $21,705 @ 7.0% cap · market cap 6.80%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$423.3K

$370.4K – $493.9K (±1% cap)

NOI $29,633 @ 7.0% cap · market cap 9.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Fairfield Grange Community Center

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 97026, OR

4,076

Population

1,196

Households

3.4

Avg Household Size

32

Median Age

15%

College-Educated

78%

High-School Grad

33.8 sq mi

ZIP Area

121

Density / Sq Mi

$89,630

Median Household Income

$39,826

Median Earnings

$1,689

Median Rent

$354,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - The property combines EFU zoning, private-well water service, and a septic system on a one-acre site.

Where is this retail space located?

The property is located at 13651 NE River Rd Gervais, OR.

What is the asking price?

The asking price for this property is $319,000.

What are key features of this property?

This property features: 1,800‑square‑foot retail building on 1 acre; Currently operated as an antique collective; 1927 construction with basement