Flexible Mixed-Use
For Sale
$285,000
209 S Old Pacific Highway, Myrtle Creek, OR 97457
Three adaptable commercial suites with clear-span interiors, shared parking, and C2 zoning.
Property Size2,772 SF
Price / SF$102.81
Days on Market50
Property Features for 209 S Old Pacific Highway
General Information
Standard status
Active
Size
2,772 SF
Zoning
C2
Site & Location
Frontage
77 ft
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Office Units
3
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Merit Commercial RE, LLC
(541) 608-6704
Listed By:
Caspian C Hoehne · License #OR 201234073
(541) 200-3060
Source:
Gatewayteam
Added: Sep 13
Changed: Oct 25
Last Checked: Nov 1 at 5:30AM
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
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Investment Insights
Based on property information with market context.
This mixed-use commercial building at 209 S Old Pacific Highway comprises approximately 2,772 SF arranged as three adjacent suites of about 900 SF each. The warm-shell interiors provide open, clear-span layouts, HVAC, partial plumbing, and completed paint and drywall. Each suite is plumbed for a private half-bathroom, while fixtures remain to be installed. The configuration allows the suites to remain separate or be combined into larger units.
The property has approximately 77 feet of frontage on S Old Pacific Hwy and full-movement access through a shared driveway. A rear parking lot is shared with two neighboring commercial buildings. C2 zoning supports a broad range of commercial uses, and the site is positioned near I-5 within an established commercial corridor. The address is 209 S Old Pacific Highway, Myrtle Creek, OR 97457.
The property has approximately 77 feet of frontage on S Old Pacific Hwy and full-movement access through a shared driveway. A rear parking lot is shared with two neighboring commercial buildings. C2 zoning supports a broad range of commercial uses, and the site is positioned near I-5 within an established commercial corridor. The address is 209 S Old Pacific Highway, Myrtle Creek, OR 97457.
Key Highlights
- ±2,772 SF building with three adjacent suites
- Three suites of approximately ±900 SF each
- Warm‑shell interiors with HVAC and clear‑span layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,956
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,120
$479.1K
Cap Rate 7%
$342,229
$342.2K
Cap Rate 9%
$266,178
$266.2K
Market Conditions
NOI Build-Up for 2,772 SF
Gross rent
$38.3K $13.80/SF
− Vacancy
−$6.3K −$2.28/SF
EGI
$31.9K $11.52/SF
− OpEx
−$8.0K −$2.88/SF
NOI
$24.0K $8.64/SF
Area
Douglas County, OR
Vacancy
16.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,120
Cap Rate 7%
$342,229
Cap Rate 9%
$266,178
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.
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 97457, OR
10,363
Population
4,688
Households
2.2
Avg Household Size
47
Median Age
11%
College-Educated
91%
High-School Grad
164.0 sq mi
ZIP Area
63
Density / Sq Mi
$53,514
Median Household Income
$35,857
Median Earnings
$917
Median Rent
$242,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three adaptable commercial suites with clear-span interiors, shared parking, and C2 zoning.
Where is this mixed-use property 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 building with three adjacent suites; Three suites of approximately ±900 SF each; Warm‑shell interiors with HVAC and clear‑span layouts
