Mixed-Use Property with Steel
For Sale
$674,900
18142 Highway 58, Crescent Lake, OR 97733
Residential and commercial zoning accommodates documented lodging, storage, vacation rental, and RV rental uses.
Property Size2,116 SF
Lot Size3.00 Acres
Price / SF$241.04
Days on Market17
Property Features for 18142 Highway 58
General Information
Standard status
Active
Size
2,116 SF
Lot size
3.00 Acres
Additional Details
Warehouse Space
2,116 SF
Building Details
Year Built
1996
Buildings
3
Building Size
2,116 SF
Construction
steel
Listing Agency:
Keller Williams Realty Central Oregon
(541) 585-3760
Listed By:
Holly Cole · License #201214610
Source:
Rosecityrealtygroup
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 29 at 12:24PM
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 Keller Williams Realty Central Oregon
Investment Insights
Based on property information with market context.
Set on 3 acres, this mixed-use property combines a 2,820-square-foot main residence with a guest cottage and substantial commercial-style outbuilding. The home includes 3 bedrooms, 3 bathrooms, a primary suite, and a 900-square-foot wraparound sunroom. An insulated steel shop measures 2,116 square feet and includes 14-foot drive-through doors for equipment, trailers, and recreational vehicles.
Residential and commercial zoning is in place, with three complete RV hookups and room for additional spaces. The property also features a gated entry, wraparound drive, and extensive parking. Located at 18142 Highway 58 in Crescent Lake, the property is minutes from Crescent and Odell Lakes, Willamette Pass ski area, Diamond Peak trails, and the Pacific Crest Trail. Built in 1996, the site offers a combination of residential improvements, storage capacity, and documented lodging and RV-related use possibilities.
Residential and commercial zoning is in place, with three complete RV hookups and room for additional spaces. The property also features a gated entry, wraparound drive, and extensive parking. Located at 18142 Highway 58 in Crescent Lake, the property is minutes from Crescent and Odell Lakes, Willamette Pass ski area, Diamond Peak trails, and the Pacific Crest Trail. Built in 1996, the site offers a combination of residential improvements, storage capacity, and documented lodging and RV-related use possibilities.
Key Highlights
- 3‑acre mixed‑use property with residential and commercial zoning
- 2,820 SF main home with 3 BD/3 BA and a 900 SF wraparound sunroom
- 2,116 SF insulated steel shop with 14' drive‑through doors
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
$29,508
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
4.37%
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%
$590,160
$590.2K
Cap Rate 7%
$421,543
$421.5K
Cap Rate 9%
$327,867
$327.9K
Market Conditions
NOI Build-Up for 2,800 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
$36.1K $12.90/SF
− Vacancy
−$1.4K −$0.50/SF
EGI
$34.7K $12.40/SF
− OpEx
−$5.2K −$1.86/SF
NOI
$29.5K $10.54/SF
Area
Klamath County, OR
Vacancy
3.89%
Lease Rate
$12.90 /SF/Yr
Expense Ratio
15.00%
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%
$590,160
Cap Rate 7%
$421,543
Cap Rate 9%
$327,867
Alternative Uses
Best Use
Warehouse
$421.5K
$368.9K – $491.8K
NOI $29,508 @ 7.0% cap · market cap 4.37%
Second Best
Mixed Use
$362.7K
$317.4K – $423.2K
NOI $25,389 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$572.3K
$500.8K – $667.7K
NOI $40,062 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 97733, OR
893
Population
1,169
Households
0.8
Avg Household Size
56
Median Age
27%
College-Educated
74%
High-School Grad
378.5 sq mi
ZIP Area
2
Density / Sq Mi
$46,620
Median Household Income
$18,707
Median Earnings
$223,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and commercial zoning accommodates documented lodging, storage, vacation rental, and RV rental uses.
Where is this mixed-use property located?
The property is located at 18142 Highway 58 Crescent Lake, OR.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 3‑acre mixed‑use property with residential and commercial zoning; 2,820 SF main home with 3 BD/3 BA and a 900 SF wraparound sunroom; 2,116 SF insulated steel shop with 14' drive‑through doors
