Flexible Mixed-Use
New
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 Market1
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 #201234073
(541) 944-9967
Source:
Gatewayteam
Added: Sep 13
Last Checked: Sep 13 at 2:43PM
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.
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 = 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
$23,956
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
8.41%
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%
$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
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
$38.3K $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 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%
$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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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
