Building Details

Year Built 1949

Listing Agency: All-Pro Realty Advisors, LLC

Listed By: Melony Marsh · License #200203233 Show Phone

Source: Heartandhomesnw

Added: Oct 12 Changed: Oct 15 Last Checked: Oct 15 at 2:18AM

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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 All-Pro Realty Advisors, LLC

Investment Insights

Based on property information with market context.

This 1,925-square-foot flex property combines an office and reception area with an attached shop. A covered awning extends the usable area for work or parking, and a washer and dryer hookup is in place. The building dates to 1949 and has a newer roof.

The corner parcel fronts busy Stephens Street in a high-traffic area. Additional street parking is available, and the property offers a prominent area for signage.

Key Highlights

• 1,925‑square‑foot flex property with attached shop
• Office and reception area
• Covered awning can accommodate work or parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,305

Cap Rate

7.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$346,100 $346.1K

Cap Rate 7%

$247,214 $247.2K

Cap Rate 9%

$192,278 $192.3K

Market Conditions

NOI Build-Up for 1,925 SF

Gross rent

$28.9K $15.00/SF

− Vacancy

−$2.3K −$1.17/SF

EGI

$26.6K $13.83/SF

− OpEx

−$9.3K −$4.84/SF

NOI

$17.3K $8.99/SF

Area

Douglas County, OR

Vacancy

7.80%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$346,100

Cap Rate 7%

$247,214

Cap Rate 9%

$192,278

Alternative Uses

Best Use

Flex RnD

$247.2K

$216.3K – $288.4K (±1% cap)

NOI $17,305 @ 7.0% cap · market cap 7.90%

Second Best

Industrial

$166.5K

$145.7K – $194.3K (±1% cap)

NOI $11,656 @ 7.0% cap · market cap 5.32%

Theoretical Best

Specialty Retail

$333.2K

$291.5K – $388.7K (±1% cap)

NOI $23,322 @ 7.0% cap · market cap 10.65%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Electrical Service Daycare Center (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store Butcher

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

776

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 97470, OR

20,160

Population

8,872

Households

2.3

Avg Household Size

44

Median Age

21%

College-Educated

92%

High-School Grad

180.9 sq mi

ZIP Area

111

Density / Sq Mi

$53,875

Median Household Income

$32,461

Median Earnings

$1,037

Median Rent

$246,500

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 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 flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Office and reception space connect to a shop, with an awning providing additional covered work or parking area.

Where is this flex space located?

The property is located at 1405 Se Stephens St Roseburg, OR.

What is the asking price?

The asking price for this property is $219,000.

What are key features of this property?

This property features: 1,925‑square‑foot flex property with attached shop; Office and reception area; Covered awning can accommodate work or parking