Grocery and Deli
For Sale
$465,000
19385 HIGHWAY 36, Blachly, OR 97412
CommercialSale, Blachly, OR
Property Size2,600 SF
Lot Size0.29 Acres
Price / SF$178.85
Days on Market335
Property Features for 19385 HIGHWAY 36
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RC
View
Lake, Territorial
Directions
Hwy 99 to Hwy 36, West on 36 to property
Subdivision
_237
Standard status
Active
APN
0071538
Size
2,600 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
16-07-18-46-01300-000
Tax Annual Amount
2227
Legal Description
16-07-18-46-01300-000
Utilities
Heating system
Zoned
Water front features
Lake
Water front
1
Amenities
lake access
Building Details
Year built
2008
Floors in Building
2
Building materials
BoardBattenSiding, CementSiding, WoodFrame
Roof type
Membrane, Rubber, Flat
Listing Agency:
HomeSmart Realty Group · HomeSmart International
(971) 599-5865
Listed By:
Brian McVay · License #980100002
(503) 510-6827
Added: Sep 26, 2025
Changed: Aug 25
Last Checked: Aug 26 at 4:06AM
MLS# 641899209
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,600-square-foot commercial property occupies 0.29 acres and has a grocery and deli configuration with equipment already in place. Improvements include a walk-in cooler, multiple beverage coolers, a deli case, shelving, and an ice cream cooler. A county-approved kitchen is included for preparing sandwiches, pizza, chicken, and other deli items. The property was built in 2008 and has zoned heating, a flat membrane and rubber roof, and board-and-batten, cement, and wood-frame construction elements.
Located across from Triangle Lake, the property includes lake access through a license to use. A separate older building next to the store previously operated as a restaurant and bar but has been out of operation for an extended period. The property is zoned RC and is addressed on Highway 36 in Blachly, Oregon.
Located across from Triangle Lake, the property includes lake access through a license to use. A separate older building next to the store previously operated as a restaurant and bar but has been out of operation for an extended period. The property is zoned RC and is addressed on Highway 36 in Blachly, Oregon.
Key Highlights
- 2,600 SF commercial property on 0.29 acres
- Grocery and deli setup with walk‑in cooler, beverage coolers, deli case, shelving, and ice cream cooler
- County‑approved kitchen for preparing sandwiches, pizza, chicken, and other deli items
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 - Existing refrigeration, merchandising fixtures, and a county-approved kitchen support grocery and prepared-food operations.
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 SF commercial property on 0.29 acres; Grocery and deli setup with walk‑in cooler, beverage coolers, deli case, shelving, and ice cream cooler; County‑approved kitchen for preparing sandwiches, pizza, chicken, and other deli items
