Building Details

Year built 2008

Floors in Building 2

Building materials BoardBattenSiding, CementSiding, WoodFrame

Roof type Flat, Membrane, Rubber

Listing Agency: HomeSmart Realty Group · HomeSmart International j***@hsmartrealtygroup.com Show Phone

Listed By: Brian McVay · License #980100002 Show Phone

Added: Sep 26, 2025 Changed: Oct 5 Last Checked: Oct 5 at 9:06PM

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MLS# 641899209

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Investment Insights

Based on property information with market context.

The 2,600-square-foot grocery property includes a county-approved kitchen for food preparation, a walk-in cooler, beverage coolers, a deli case, shelving, and an ice cream cooler. The store has served as a grocery and deli for decades. An older building beside the store previously operated as a restaurant and bar and has been inactive for an extended period. The parcel totals 0.29 acres and is zoned RC.

The property is across Highway 36 from Triangle Lake. Lake access is available through a license to use.

Key Highlights

• 2,600‑square‑foot grocery and deli property on a 0.29‑acre parcel
• County‑approved kitchen for preparing food
• Includes walk‑in cooler, beverage coolers, deli case, merchandise shelving, and ice cream cooler

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.

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 - Existing food-service equipment 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‑square‑foot grocery and deli property on a 0.29‑acre parcel; County‑approved kitchen for preparing food; Includes walk‑in cooler, beverage coolers, deli case, merchandise shelving, and ice cream cooler