Medical Office Building with Fenced
For Sale
$350,000
204 NE 1st St, Oakland, OR 97462
Existing veterinary office with a paved lot, on-site parking, and enclosed outdoor area.
Property Size1,840 SF
Price / SF$190.22
Days on Market42
Property Features for 204 NE 1st St
General Information
Standard status
Active
Size
1,840 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1947
Listing Agency:
Cutting Edge Real Estate
(541) 580-8988
Listed By:
Marilyn Kittelman · License #201102100
Source:
Wisser
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 29 at 11:57AM
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
Investment Insights
Based on property information with market context.
This medical office property includes a building and land currently configured for veterinary use. The paved site provides on-site parking, while a fenced backyard adds secured exterior space. The building and land are offered independently from the veterinary business and equipment.
The property occupies the corner of Highway 99 and First Street in Oakland, Oregon, providing a prominent position within the community. Its existing office configuration and combination of building, paved parking, and enclosed yard support continued professional or service-oriented use, subject to applicable requirements. Nearby community facilities identified in the property information include a library, community college, and county hospital.
The property occupies the corner of Highway 99 and First Street in Oakland, Oregon, providing a prominent position within the community. Its existing office configuration and combination of building, paved parking, and enclosed yard support continued professional or service-oriented use, subject to applicable requirements. Nearby community facilities identified in the property information include a library, community college, and county hospital.
Key Highlights
- Medical office property with existing veterinary‑office configuration
- Building and land offered separately from the business and equipment
- Corner location at Highway 99 and First Street
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
$21,935
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
6.27%
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%
$438,700
$438.7K
Cap Rate 7%
$313,357
$313.4K
Cap Rate 9%
$243,722
$243.7K
Market Conditions
NOI Build-Up for 1,840 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
$40.8K $22.20/SF
− Vacancy
−$4.3K −$2.33/SF
EGI
$36.6K $19.87/SF
− OpEx
−$14.6K −$7.95/SF
NOI
$21.9K $11.92/SF
Area
Douglas County, OR
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
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%
$438,700
Cap Rate 7%
$313,357
Cap Rate 9%
$243,722
Alternative Uses
Best Use
Healthcare Medical
$313.4K
$274.2K – $365.6K
NOI $21,935 @ 7.0% cap · market cap 6.27%
Second Best
Office B
$227.2K
$198.8K – $265.0K
NOI $15,902 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$318.5K
$278.7K – $371.5K
NOI $22,292 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97462, OR
4,130
Population
1,797
Households
2.3
Avg Household Size
52
Median Age
26%
College-Educated
94%
High-School Grad
219.7 sq mi
ZIP Area
19
Density / Sq Mi
$65,032
Median Household Income
$38,338
Median Earnings
$1,205
Median Rent
$377,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kang Gene Koo DVM — 204 NE 1st St, Oakland, OR 97462
- Oakland Vet Hospital — 204 NE 1st St, Oakland, OR 97462
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing veterinary office with a paved lot, on-site parking, and enclosed outdoor area.
Where is this medical office space located?
The property is located at 204 NE 1st St Oakland, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Medical office property with existing veterinary‑office configuration; Building and land offered separately from the business and equipment; Corner location at Highway 99 and First Street
