Commercial Storefront with Open
New
For Sale
$850,000
140 NE 19th ST, McMinnville, OR 97128
C-3 zoning accommodates retail, medical, dental, restaurant, and office uses.
Property Size2,553 SF
Price / SF$332.94
Days on Market4
Property Features for 140 NE 19th ST
General Information
Standard status
Active
Size
2,553 SF
Total Parking Spaces
30
Property subtype
Commercial
Zoning
C-3
Property Condition
Severity
Repairs Needed
Evidence
Modifications to become ADA compliant are needed.
Building Details
Year Built
1978
Buildings
1
Construction
wood-frame
Listing Agency:
Taylor & Taylor Realty Co.
(541) 994-9111
Listed By:
Brittany Gibbs · License #201209867
(503) 836-2010
Source:
Findhousesinoregon
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 7:48AM
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 Taylor & Taylor Realty Co.
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Investment Insights
Based on property information with market context.
Built in 1978, this wood-frame storefront has a concrete slab floor and an open interior where non-load-bearing walls can be changed. The front includes customer-facing windows and retail space; the rear contains two offices, a shared break area, two restrooms, and two service exits. Specialized drainage and high-capacity electrical drops remain in place. The building was formerly occupied by a dry cleaner, and Phase 1 and Phase 2 environmental surveys reported no remarkable findings.
The property has 30 dedicated parking spaces and C-3 general commercial zoning, which allows retail, medical, dental, restaurant, and office uses. Space for a drive-through is identified while retaining most parking. Modifications are needed for ADA compliance.
The property has 30 dedicated parking spaces and C-3 general commercial zoning, which allows retail, medical, dental, restaurant, and office uses. Space for a drive-through is identified while retaining most parking. Modifications are needed for ADA compliance.
Key Highlights
- 30 dedicated parking spaces
- C‑3 general commercial zoning allows retail, medical, dental, restaurant, and office uses
- Open layout with removable or modifiable non‑load‑bearing walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,559
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,180
$611.2K
Cap Rate 7%
$436,557
$436.6K
Cap Rate 9%
$339,544
$339.5K
Market Conditions
NOI Build-Up for 2,553 SF
Gross rent
$46.0K $18.00/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$43.7K $17.10/SF
− OpEx
−$13.1K −$5.13/SF
NOI
$30.6K $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 Rate 5%
$611,180
Cap Rate 7%
$436,557
Cap Rate 9%
$339,544
Alternative Uses
Best Use
Retail
$436.6K
$382.0K – $509.3K
NOI $30,559 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$689.1K
$603.0K – $804.0K
NOI $48,238 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
140k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 22%
Groceries 12%
Electronics 4%
Dollar Tree
Shops & Services
21,892 visits/mo
0.2 miles
Circle K
Shops & Services
17,990 visits/mo
0.2 miles
Grocery Outlet Bargain Market
Groceries
16,697 visits/mo
0.2 miles
Muchas Gracias
Dining
14,684 visits/mo
0.3 miles
Chevron
Shops & Services
12,896 visits/mo
0.0 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
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Incahoots — 905 NE Baker St, McMinnville, OR 97128
- Dearhouse Collective — 408 NE 13th St, McMinnville, OR 97128
Frequently Asked Questions
What type of property is this?
Storefront property - C-3 zoning accommodates retail, medical, dental, restaurant, and office uses.
Where is this storefront property located?
The property is located at 140 NE 19th ST McMinnville, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 30 dedicated parking spaces; C‑3 general commercial zoning allows retail, medical, dental, restaurant, and office uses; Open layout with removable or modifiable non‑load‑bearing walls
