For Sale
$525,000
20905 NE FULQUARTZ LANDING Rd, Dundee, OR 97115
CommercialSale, Dundee, OR
Property Size1,300 SF
Lot Size2.34 Acres
Price / SF$403.85
Days on Market85
Property Features for 20905 NE FULQUARTZ LANDING Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LI
Directions
Off 99W going towards Dundee, turn right on Fulquartz Rd. Home is right after the railroad track.
Subdivision
_156
Standard status
Active
APN
83876
Size
1,300 SF
Lot size
2.34 Acres
Taxes and HOA fees
Tax Description
LOT 10 IN FULQUARTZ PARK NO. 2
Tax Annual Amount
3094
Legal Description
LOT 10 IN FULQUARTZ PARK NO. 2
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1998
Building materials
WoodSiding
Roof type
Composition
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Emily Hales
(503) 502-9858
Added: Jun 5
Changed: Aug 27
Last Checked: Aug 28 at 4:06AM
MLS# 459069308
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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
$16,848
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
3.21%
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%
$336,960
$337.0K
Cap Rate 7%
$240,686
$240.7K
Cap Rate 9%
$187,200
$187.2K
Market Conditions
NOI Build-Up for 1,300 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
$28.1K $21.60/SF
− Vacancy
−$1.1K −$0.86/SF
EGI
$27.0K $20.74/SF
− OpEx
−$10.1K −$7.78/SF
NOI
$16.8K $12.96/SF
Area
Yamhill County, OR
Vacancy
4.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$336,960
Cap Rate 7%
$240,686
Cap Rate 9%
$187,200
Alternative Uses
Best Use
Mixed Use
$240.7K
$210.6K – $280.8K
NOI $16,848 @ 7.0% cap · market cap 3.21%
Second Best
Office B
$240.4K
$210.4K – $280.5K
NOI $16,828 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$350.9K
$307.0K – $409.4K
NOI $24,563 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 97115, OR
4,391
Population
1,451
Households
3
Avg Household Size
42
Median Age
40%
College-Educated
85%
High-School Grad
10.8 sq mi
ZIP Area
407
Density / Sq Mi
$114,107
Median Household Income
$48,939
Median Earnings
$1,133
Median Rent
$498,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
Where is this live-work space located?
The property is located at 20905 NE FULQUARTZ LANDING Rd Dundee, OR.
What is the asking price?
The asking price for this property is $525,000.
