Building Details

Year Built 2008

Listing Agency: HomeSmart Realty Group

Listed By: Brian McVay · License #980100002 Show Phone

Source: Switzerrealestategroup

Added: Jul 23 Changed: Sep 5 Last Checked: Oct 7 at 3:26PM

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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 HomeSmart Realty Group

Investment Insights

Based on property information with market context.

This 2,600-square-foot grocery and convenience store was built in 2008 and includes an existing deli setup with a walk-in cooler, multiple beverage coolers, a deli case, merchandise shelving, and an ice cream cooler. A county-approved kitchen is configured for preparing sandwiches, pizza, and chicken.

The property is located across from Triangle Lake, with lake access granted through a license to use. An older building beside the store formerly operated as a restaurant and bar but has been out of operation for an extended period. The sale includes the existing store fixtures and food-service equipment.

Key Highlights

• 2,600‑square‑foot grocery and convenience store built in 2008
• Walk‑in cooler, beverage coolers, deli case, shelving, and ice cream cooler included
• County‑approved kitchen for preparing sandwiches, pizza, and chicken

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,437

Cap Rate

8.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$748,740 $748.7K

Cap Rate 7%

$534,814 $534.8K

Cap Rate 9%

$415,967 $416.0K

Market Conditions

NOI Build-Up for 2,600 SF

Gross rent

$52.1K $20.04/SF

− Vacancy

−$2.2K −$0.84/SF

EGI

$49.9K $19.20/SF

− OpEx

−$12.5K −$4.80/SF

NOI

$37.4K $14.40/SF

Area

Lane County, OR

Vacancy

4.20%

Lease Rate

$20.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$748,740

Cap Rate 7%

$534,814

Cap Rate 9%

$415,967

Alternative Uses

Best Use

Specialty Retail

$534.8K

$468.0K – $624.0K (±1% cap)

NOI $37,437 @ 7.0% cap · market cap 8.05%

Second Best

Retail

$476.2K

$416.7K – $555.6K (±1% cap)

NOI $33,333 @ 7.0% cap · market cap 7.17%

Theoretical Best

Office A

$657.8K

$575.6K – $767.4K (±1% cap)

NOI $46,044 @ 7.0% cap · market cap 9.90%

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

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Grocery & Convenience Store Food Market

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

8

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 97412, OR

536

Population

289

Households

1.9

Avg Household Size

50

Median Age

31%

College-Educated

99%

High-School Grad

84.5 sq mi

ZIP Area

6

Density / Sq Mi

$71,563

Median Household Income

$46,406

Median Earnings

$1,097

Median Rent

$285,500

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

Questions? Ask Rey

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What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Established convenience-oriented retail property with coolers, food-service equipment, shelving, and a county-approved kitchen.

Where is this grocery and convenience store located?

The property is located at 19385 Highway 36 Blachly, OR.

What is the asking price?

The asking price for this property is $465,000.

What are key features of this property?

This property features: 2,600‑square‑foot grocery and convenience store built in 2008; Walk‑in cooler, beverage coolers, deli case, shelving, and ice cream cooler included; County‑approved kitchen for preparing sandwiches, pizza, and chicken