Flex Space with Industrial
For Sale
$625,000
199 Powell Creek Road, Williams, OR 97544
Rural Industrial zoning supports a mix of buildings, fenced grounds, and operational space for approved commercial uses.
Property Size4,572 SF
Lot Size6.00 Acres
Days on Market31
Property Features for 199 Powell Creek Road
General Information
Standard status
Active
Size
4,572 SF
Lot size
6.00 Acres
Property subtype
Commercial
Zoning
Ri; Rural Indust
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Land Use
industrial, residential
Taxes and HOA fees
Annual Taxes
$77
Amenities
barn
shop
equipment shed
well house
corrals
Building Details
Building Size
4,572 SF
Year Built
1955
Stories
1
Units
4
Listing Agency:
Ramsay Realty
(541) 973-9105
Listed By:
Jayda Wood · License #200404099
(541) 973-9105
Source:
Allprofessionalsre
Added: Jul 24
Changed: Aug 21
Last Checked: Aug 23 at 11:40AM
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 Ramsay Realty
Investment Insights
Based on property information with market context.
This 6-acre property includes a 1955-built home, a 54x26 barn with multiple stalls and corrals, a 26x32 shop with a roll-up door, an equipment shed, and a 24x14 well house with additional storage or workshop space. The home has updates, a newer wood stove insert, and fenced front and back yards. The entire property is fenced and cross-fenced, with a gated entry.
Zoned Ri; Rural Indust, the site includes frontage on both Williams Creek and Powell Creek. Existing improvements provide enclosed and outdoor areas for equipment storage, fabrication, maintenance, and other approved industrial activities. The property is located at 199 Powell Creek Road in Williams, Oregon.
Zoned Ri; Rural Indust, the site includes frontage on both Williams Creek and Powell Creek. Existing improvements provide enclosed and outdoor areas for equipment storage, fabrication, maintenance, and other approved industrial activities. The property is located at 199 Powell Creek Road in Williams, Oregon.
Key Highlights
- 6‑acre property zoned Ri; Rural Indust
- 54x26 barn with multiple stalls and corrals
- 26x32 shop with roll‑up door
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
$37,730
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
6.04%
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%
$754,600
$754.6K
Cap Rate 7%
$539,000
$539.0K
Cap Rate 9%
$419,222
$419.2K
Market Conditions
NOI Build-Up for 4,572 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
$63.1K $13.80/SF
− Vacancy
−$5.0K −$1.10/SF
EGI
$58.0K $12.70/SF
− OpEx
−$20.3K −$4.44/SF
NOI
$37.7K $8.25/SF
Area
Josephine County, OR
Vacancy
8.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$754,600
Cap Rate 7%
$539,000
Cap Rate 9%
$419,222
Alternative Uses
Best Use
Flex RnD
$539.0K
$471.6K – $628.8K
NOI $37,730 @ 7.0% cap · market cap 6.04%
Second Best
Industrial
$404.0K
$353.5K – $471.3K
NOI $28,277 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.04M
$907.1K – $1.21M
NOI $72,565 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97544, OR
2,304
Population
987
Households
2.3
Avg Household Size
49
Median Age
34%
College-Educated
89%
High-School Grad
76.3 sq mi
ZIP Area
30
Density / Sq Mi
$71,066
Median Household Income
$43,274
Median Earnings
$1,519
Median Rent
$525,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Rural Industrial zoning supports a mix of buildings, fenced grounds, and operational space for approved commercial uses.
Where is this flex space located?
The property is located at 199 Powell Creek Road Williams, OR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 6‑acre property zoned Ri; Rural Indust; 54x26 barn with multiple stalls and corrals; 26x32 shop with roll‑up door
