Mixed-Use Property with Commercial
19650 SW 18 Hwy, McMinnville, OR 97128
For Sale
$850,000
HC-zoned property combines a licensed food-preparation facility and tasting room with a separate carriage house and manufactured home.
Property Size5,185 SF
Lot Size2.46 Acres
Price / SF$163.93
Days on Market64
Property Features for 19650 SW 18 Hwy
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Mixed-Use Components
Additional Details
Tenant in Place
Building Details
Building Size
Listing Agency:
Windermere Heritage
(503) 558-4400
Listed By:
Ryan Fordham
(503) 569-1725
Source:
Horsepowerrealestateproperties
Added: Sep 12
Changed: Nov 11
Last Checked: Nov 13 at 4:18PM
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 Windermere Heritage
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Investment Insights
Based on property information with market context.
Set on 2.46 acres, this mixed-use property includes a 2,849-square-foot licensed commercial kitchen and tasting room, a 1,148-square-foot carriage house, and a manufactured home. The site has a private well and a new septic system; the roof, air conditioning, and refrigeration have also been replaced. HC zoning is identified for the property.
The property fronts Hwy 18 in Oregon Wine Country, with more than 200 wineries described as minutes away. The acreage includes 1.5 acres identified for vineyard potential.
The property fronts Hwy 18 in Oregon Wine Country, with more than 200 wineries described as minutes away. The acreage includes 1.5 acres identified for vineyard potential.
Key Highlights
- 2.46‑acre HC‑zoned property on Hwy 18
- 2,849 SF licensed commercial kitchen and tasting room
- 1,148 SF carriage house and a manufactured home
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
280k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 25%
Home Improvements & Furnishings 13%
Apparel 6%
McDonald's
Dining
30,401 visits/mo
0.4 miles
HomeGoods
Home Improvements & Furnishings
24,312 visits/mo
0.5 miles
Dutch Bros. Coffee
Dining
23,373 visits/mo
0.4 miles
Taco Bell
Dining
21,449 visits/mo
0.5 miles
Wendy's
Dining
20,611 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - HC-zoned property combines a licensed food-preparation facility and tasting room with a separate carriage house and manufactured home.
Where is this mixed-use property located?
The property is located at 19650 SW 18 Hwy 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 property on Hwy 18; 2,849 SF licensed commercial kitchen and tasting room; 1,148 SF carriage house and a manufactured home
