Storefront Property with Highway
For Sale
$650,000
2011 NE Stephens St, Roseburg, OR 97470
Fully leased storefront with updated roofing, water heating, and HVAC systems.
Property Size2,152 SF
Price / SF$302.04
Days on Market8
Property Features for 2011 NE Stephens St
General Information
Standard status
Active
Size
2,152 SF
Building Details
Year Built
1974
Listing Agency:
Windermere Willamette Valley
(541) 757-1783
Listed By:
Hong Wolfe · License #200609065
Source:
Rosecityrealtygroup
Added: Aug 24
Changed: Aug 30
Last Checked: Aug 30 at 7:11PM
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 Willamette Valley
Investment Insights
Based on property information with market context.
This storefront property at 2011 NE Stephens St in Roseburg, Oregon, was built in 1974 and is fully leased. The improvements include recently updated roofing, a water heater, and HVAC equipment.
The property benefits from prominent signage along highway 148 and has 8 years of lease term remaining. Its existing lease status and recent building-system updates provide a defined operating profile for the next owner.
The property benefits from prominent signage along highway 148 and has 8 years of lease term remaining. Its existing lease status and recent building-system updates provide a defined operating profile for the next owner.
Key Highlights
- Fully leased storefront property
- 8 years of lease term remaining
- Prominent signage along highway 148
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
$25,624
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
3.94%
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%
$512,480
$512.5K
Cap Rate 7%
$366,057
$366.1K
Cap Rate 9%
$284,711
$284.7K
Market Conditions
NOI Build-Up for 2,152 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
$38.7K $18.00/SF
− Vacancy
−$2.1K −$0.99/SF
EGI
$36.6K $17.01/SF
− OpEx
−$11.0K −$5.10/SF
NOI
$25.6K $11.91/SF
Area
Douglas County, OR
Vacancy
5.50%
Lease Rate
$18.00 /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%
$512,480
Cap Rate 7%
$366,057
Cap Rate 9%
$284,711
Alternative Uses
Best Use
Retail
$366.1K
$320.3K – $427.1K
NOI $25,624 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$372.5K
$325.9K – $434.5K
NOI $26,072 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
178k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Groceries 20%
Shops & Services 16%
Superstores 15%
Safeway
Groceries
35,969 visits/mo
0.3 miles
Big Lots
Superstores
26,071 visits/mo
0.5 miles
Taco Bell
Dining
21,414 visits/mo
0.5 miles
McDonald's
Dining
21,295 visits/mo
0.5 miles
Jack in the Box
Dining
11,890 visits/mo
0.4 miles
Demographics for 97470, OR
20,160
Population
8,872
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
92%
High-School Grad
180.9 sq mi
ZIP Area
111
Density / Sq Mi
$53,875
Median Household Income
$32,461
Median Earnings
$1,037
Median Rent
$246,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully leased storefront with updated roofing, water heating, and HVAC systems.
Where is this storefront property located?
The property is located at 2011 NE Stephens St Roseburg, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fully leased storefront property; 8 years of lease term remaining; Prominent signage along highway 148
