Licensed Commercial Kitchen
For Sale
$850,000
19650 SW Highway 18, McMinnville, OR 97128
HC-zoned property with a tasting room, carriage house, private well, and updated refrigeration and HVAC systems.
Property Size5,185 SF
Lot Size2.46 Acres
Price / SF$163.93
Days on Market49
Property Features for 19650 SW Highway 18
General Information
Standard status
Active
Size
5,185 SF
Lot size
2.46 Acres
Property subtype
Commercial
Zoning
HC
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial, winery, hospitality
Amenities
commercial kitchen
tasting room
carriage house
mobile home
Building Details
Year Built
1880
Buildings
2
Listing Agency:
Cutting Edge Real Estate
Listed By:
Brittany Gibbs · License #201209867
(503) 836-2010
Source:
Findhousesinoregon
Added: Sep 14
Changed: Oct 31
Last Checked: Nov 1 at 5:59AM
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 Cutting Edge Real Estate
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Investment Insights
Based on property information with market context.
This commercial kitchen property includes a 2,849-square-foot licensed commercial kitchen and tasting room, along with a 1,148-square-foot carriage house. The improvements total 5,185 square feet and are situated on 2.46 acres. Property features include a private well, new septic system, roof, air-conditioning equipment, and refrigeration. A Section 8 manufactured home is also part of the property.
Located on SW Highway 18 in McMinnville, the property is positioned within Oregon Wine Country and near more than 200 wineries. HC zoning supports the existing commercial configuration, while approximately 1.5 acres are identified for vineyard potential. The carriage house provides an additional structure for continued use, redevelopment, or replacement, as described in the property information.
Located on SW Highway 18 in McMinnville, the property is positioned within Oregon Wine Country and near more than 200 wineries. HC zoning supports the existing commercial configuration, while approximately 1.5 acres are identified for vineyard potential. The carriage house provides an additional structure for continued use, redevelopment, or replacement, as described in the property information.
Key Highlights
- 2.46‑acre HC‑zoned commercial property on SW Highway 18
- 2,849 SF licensed commercial kitchen and tasting room
- 1,148 SF carriage house included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,198
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,343,960
$1.3M
Cap Rate 7%
$959,971
$960.0K
Cap Rate 9%
$746,644
$746.6K
Market Conditions
NOI Build-Up for 5,185 SF
Gross rent
$112.0K $21.60/SF
− Vacancy
−$4.5K −$0.86/SF
EGI
$107.5K $20.74/SF
− OpEx
−$40.3K −$7.78/SF
NOI
$67.2K $12.96/SF
Area
Yamhill County, OR
Vacancy
4.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,343,960
Cap Rate 7%
$959,971
Cap Rate 9%
$746,644
Alternative Uses
Best Use
Mixed Use
$960.0K
$840.0K – $1.12M
NOI $67,198 @ 7.0% cap · market cap 7.91%
Second Best
Specialty Retail
$804.9K
$704.3K – $939.0K
NOI $56,342 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,969 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
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Business Placement
Demographics for 97128, OR
38,394
Population
15,291
Households
2.5
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
112.2 sq mi
ZIP Area
342
Density / Sq Mi
$72,055
Median Household Income
$37,427
Median Earnings
$1,295
Median Rent
$419,200
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - HC-zoned property with a tasting room, carriage house, private well, and updated refrigeration and HVAC systems.
Where is this commercial kitchen located?
The property is located at 19650 SW Highway 18 McMinnville, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2.46‑acre HC‑zoned commercial property on SW Highway 18; 2,849 SF licensed commercial kitchen and tasting room; 1,148 SF carriage house included
