Building Details

Buildings 1

Construction manufactured home

Listing Agency: BRIGHTHOME REAL ESTATE GROUP a***@comcast.net

Listed By: AMY CLARK Show Phone

Source: Exprealty

Added: May 5 Changed: Oct 1 Last Checked: Oct 4 at 2:20PM

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 BRIGHTHOME REAL ESTATE GROUP

Investment Insights

Based on property information with market context.

This newly built manufactured home in Scio offers 1,056 square feet with two bedrooms and two bathrooms. The kitchen includes Energy Star Samsung stainless steel appliances.

The home is in a recently developed community in a rural setting near Scio, Oregon.

Key Highlights

• 1,056‑square‑foot manufactured home
• Two bedrooms and two bathrooms
• Energy Star Samsung stainless steel appliances

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

$9,183

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

6.33%

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%

$183,660 $183.7K

Cap Rate 7%

$131,186 $131.2K

Cap Rate 9%

$102,033 $102.0K

Market Conditions

NOI Build-Up for 1,056 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

$17.1K $16.20/SF

− Vacancy

−$411 −$0.39/SF

EGI

$16.7K $15.81/SF

− OpEx

−$7.5K −$7.12/SF

NOI

$9.2K $8.70/SF

Area

Linn County, OR

Vacancy

2.40%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

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%

$183,660

Cap Rate 7%

$131,186

Cap Rate 9%

$102,033

Alternative Uses

Best Use

Apartment 5plus

$131.2K

$114.8K – $153.1K (±1% cap)

NOI $9,183 @ 7.0% cap · market cap 6.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$307.6K

$269.2K – $358.9K (±1% cap)

NOI $21,534 @ 7.0% cap · market cap 14.85%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Residential income properties

Lease Details

1

Residential units

Location Intelligence

Demographics for 97374, OR

5,543

Population

2,005

Households

2.8

Avg Household Size

44

Median Age

23%

College-Educated

88%

High-School Grad

129.6 sq mi

ZIP Area

43

Density / Sq Mi

$98,438

Median Household Income

$54,330

Median Earnings

$992

Median Rent

$534,500

Median Home Value

Questions? Ask Rey

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

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

Similar For Sale Nearby

Auto Shop with Roll-Up Doors

39188 Highway 226, Scio, OR 97374

$650,000

4,300 SF

View details

Multi-Building Church Campus

38520 HIGHWAY 226, Scio, OR 97374

$899,900

10,285 SF

View details

Frequently Asked Questions

What type of property is this?

Residential income property - A two-bedroom, two-bath layout includes Energy Star Samsung stainless steel appliances.

Where is this residential income property located?

The property is located at 14-40000 Stayton Scio #14 Lp Scio, OR.

What is the asking price?

The asking price for this property is $144,999.

What are key features of this property?

This property features: 1,056‑square‑foot manufactured home; Two bedrooms and two bathrooms; Energy Star Samsung stainless steel appliances