Listing Agency: EXP REALTY, LLC a***@exprealty.net Show Phone

Listed By: NATASHA STILLE · License #201238598 Show Phone

Source: Exprealty

Added: Aug 29 Changed: Oct 10 Last Checked: Oct 20 at 11:49PM

Report an Issue

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 EXP REALTY, LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This retail property encompasses 1,800 square feet on one acre and is currently operated as an antique collective. The building previously served as a grange hall and includes several completed improvements, including an updated electrical panel, remodeled bathroom, recent roof repair, and chimney work.

The property is zoned EFU, with acceptable uses subject to buyer due diligence. Water and wastewater infrastructure include an inspected well and a septic tank pumped in 2026. The property is located at 13651 River Road Northeast in Gervais, Oregon.

Key Highlights

• 1,800‑square‑foot retail building on one acre
• Currently operated as an antique collective
• Former grange hall with updated electrical panel

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

Is this asking price fair?

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

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

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

Frequently Asked Questions

What type of property is this?

Retail space - Retail property with updated electrical, bathroom improvements, and recent roof and chimney work.

Where is this retail space located?

The property is located at 13651 River Rd Ne 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 one acre; Currently operated as an antique collective; Former grange hall with updated electrical panel