Grocery Store With
For Sale
$465,000
19385 Highway 36, Blachly, OR 97412
Established convenience-oriented retail property with coolers, food-service equipment, shelving, and a county-approved kitchen.
Property Size2,600 SF
Price / SF$178.85
Days on Market39
Property Features for 19385 Highway 36
General Information
Standard status
Active
Size
2,600 SF
Additional Details
Equipment Included
Yes
Amenities
lake access
Building Details
Year Built
2008
Listing Agency:
HomeSmart Realty Group
(971) 599-5865
Listed By:
Brian McVay · License #980100002
Source:
Switzerrealestategroup
Added: Jul 23
Changed: Aug 29
Last Checked: Aug 25 at 5:32AM
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.
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 = 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
$37,437
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
8.05%
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%
$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
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
$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 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%
$748,740
Cap Rate 7%
$534,814
Cap Rate 9%
$415,967
Alternative Uses
Best Use
Specialty Retail
$534.8K
$468.0K – $624.0K
NOI $37,437 @ 7.0% cap · market cap 8.05%
Second Best
Retail
$476.2K
$416.7K – $555.6K
NOI $33,333 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$657.8K
$575.6K – $767.4K
NOI $46,044 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
