Multi-Tenant Flex Office
209 S Old Pacific Highway Myrtle Creek, OR 97457
For Sale
$285,000
Three adjacent warm-shell suites offer clear-span space, each plumbed for a private half-bath, with shared parking and access.
Property Size2,772 SF
Price / SF$102.81
Days on Market9
Property Features for 209 S Old Pacific Highway
General Information
Standard status
Active
Size
2,772 SF
Property subtype
General Commercial
Building Details
Year Built
2006
Listing Agency:
Merit Commercial RE, LLC
(541) 944-9967
Listed By:
Caspian Hoehne
(541) 944-9967
Source:
Xome
Added: Jul 21
Changed: Jul 26
Last Checked: Jul 29 at 3:40AM
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 Merit Commercial RE, LLC
Investment Insights
Based on property information with market context.
Exclusively offered for sale, this flexible multi-tenant commercial building includes three adjacent warm-shell suites within a 2,772 SF structure. Each approximately 900 SF suite provides wide-open clear-span interior space and is plumbed for a private half-bath. The suites are delivered as warm shell with HVAC, some plumbing, and paint/drywall, with no fixtures in place. Buyers may keep the suites as three individual spaces or combine them into one or two larger units.
The property offers 177' of frontage on S Old Pacific Highway with convenient full-movement access via a shared driveway. A well-sized rear parking lot is shared with two neighboring commercial buildings. C2 zoning supports a broad range of commercial uses, and the building is located near I-5 within an established commercial corridor.
The property offers 177' of frontage on S Old Pacific Highway with convenient full-movement access via a shared driveway. A well-sized rear parking lot is shared with two neighboring commercial buildings. C2 zoning supports a broad range of commercial uses, and the building is located near I-5 within an established commercial corridor.
Key Highlights
- 2,772 SF multi‑tenant commercial building in Tri‑City, OR with three adjacent 900 SF warm‑shell suites
- Each suite has clear‑span interior space and is plumbed for a private half‑bath
- HVAC is available; Central Air noted for the property (each suite is currently a warm shell with HVAC and some plumbing)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.3k | $13.80 |
| − Vacancy | −$6.3k | −$2.28 |
| EGI | $31.9k | $11.52 |
| − OpEx | −$8.0k | −$2.88 |
| NOI | $24.0k | $8.64 |
2,772 SF · lease $13.80/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$472.1K
$413.1K – $550.8K
NOI $33,046 @ 7.0% cap · market cap 11.60%
Second Best
Retail
$471.5K
$412.6K – $550.1K
NOI $33,006 @ 7.0% cap · market cap 11.58%
Theoretical Best
Specialty Retail
$479.8K
$419.8K – $559.7K
NOI $33,584 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Three adjacent warm-shell suites offer clear-span space, each plumbed for a private half-bath, with shared parking and access.
Where is this office units located?
The property is located at 209 S Old Pacific Highway Myrtle Creek, OR.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 2,772 SF multi‑tenant commercial building in Tri‑City, OR with three adjacent 900 SF warm‑shell suites; Each suite has clear‑span interior space and is plumbed for a private half‑bath; HVAC is available; Central Air noted for the property (each suite is currently a warm shell with HVAC and some plumbing)
