Building Details

Year Built 1968

Listing Agency: Century 21 North Homes Realty

Listed By: Strategic Realty, LLC Show Phone

Source: Movetobend

Added: Sep 30 Changed: Oct 3 Last Checked: Oct 4 at 9:05AM

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Investment Insights

Based on property information with market context.

This 1,328-square-foot duplex contains two one-bedroom, one-bathroom units. Recent improvements include new flooring, interior paint, and double-pane vinyl-clad windows. One unit has an ADA-accessible ramp, and each unit includes a small yard area.

The property occupies a 14,800-square-foot lot with direct access to Highway 62. It is served by a well and sewer and has commercial zoning. The existing configuration includes two separate residential units.

Key Highlights

• Two 1‑bedroom, 1‑bath units in a 1,328‑square‑foot building
• 14,800‑square‑foot lot with direct Highway 62 access
• Commercial zoning; water service by well and sewer

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

$14,231

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

4.61%

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%

$284,620 $284.6K

Cap Rate 7%

$203,300 $203.3K

Cap Rate 9%

$158,122 $158.1K

Market Conditions

NOI Build-Up for 1,328 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

$21.5K $16.20/SF

− Vacancy

−$1.2K −$0.89/SF

EGI

$20.3K $15.31/SF

− OpEx

−$6.1K −$4.59/SF

NOI

$14.2K $10.72/SF

Area

Jackson County, OR

Vacancy

5.50%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

30.00%

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%

$284,620

Cap Rate 7%

$203,300

Cap Rate 9%

$158,122

Alternative Uses

Best Use

Multifamily LT 5

$203.3K

$177.9K – $237.2K (±1% cap)

NOI $14,231 @ 7.0% cap · market cap 4.61%

Second Best

Apartment 5plus

$178.4K

$156.1K – $208.2K (±1% cap)

NOI $12,490 @ 7.0% cap · market cap 4.04%

Theoretical Best

Office A

$320.5K

$280.5K – $374.0K (±1% cap)

NOI $22,438 @ 7.0% cap · market cap 7.26%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Building Supply Auto Parts Store Cafe & Coffee Shop Auto Repair Shop Real Estate Agency

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

17

Businesses Nearby

Explore this area Business Placement

Demographics for 97539, OR

3,526

Population

1,738

Households

2

Avg Household Size

54

Median Age

17%

College-Educated

92%

High-School Grad

21.8 sq mi

ZIP Area

162

Density / Sq Mi

$45,837

Median Household Income

$47,865

Median Earnings

$1,055

Median Rent

$295,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes 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?

Duplex - Commercial zoning and direct access to Highway 62 support the property’s current residential use.

Where is this duplex located?

The property is located at 20060 Highway 62 Shady Cove, OR.

What is the asking price?

The asking price for this property is $309,000.

What are key features of this property?

This property features: Two 1‑bedroom, 1‑bath units in a 1,328‑square‑foot building; 14,800‑square‑foot lot with direct Highway 62 access; Commercial zoning; water service by well and sewer