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    2120 Apple Loop Lyons, OR 97358

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    4,704 SF flex space built in 2019.

    Property size:
    4,704 SF
    Lot size:
    0.50 Acres

    Property Features for 2120 Apple Loop

    General Information

    Standard status
    Active
    Zoning
    Light Industrial
    Size
    4,704 SF
    Lot size
    0.50 Acres

    Building Details

    Year built
    2019

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    Listing Contact
    Aj Nash
    Source: Crexi

    Listing Agency: Tradition Real Estate Partners Listing Agent: Aj Nash

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Modern Flex Space in Lyons

    This modern 4,704 square foot building, constructed in 2019, is designed with future expansion in mind. The shop area spans 2,016 square feet and features three 16-foot shop doors and approximately 18 feet of internal clear height. The shop includes a concrete floor and a half bath that is fixture-ready, and is 48 feet deep. The office space comprises 1,344 square feet, with two dedicated offices, a large conference room, a break room, an office bathroom, and a large lobby suitable for reception or additional workspace. The office features quality finishes and sealed concrete floors, and is HVAC ready. The area above the office mirrors the lower office layout and is ready to be completed for additional office space or storage. Zoned light industrial, the property is suitable for industrial and flex space purposes, offering versatility for various businesses. Located near Lyons, Oregon, the property is set amidst rolling hills, greenery, and the nearby Santiam River, providing a peaceful environment. The location offers tranquility while maintaining convenient access to major highways for easy travel to larger cities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Lyons
    County
    Linn
    State
    Oregon
    Longitude
    -122.577
    Latitude
    44.7461

    Nearby Similar for Sale

    • Contact for pricing
      4,704 SF

      Modern Flex Space in Lyons

      4,704 SF flex building with office and shop space.
      2120 Apple Loop, Lyons, OR
      View Details

    FAQs

    What type of property is this?
    Flex space - 4,704 SF flex space built in 2019.
    Where is this flex space located?
    The property is located at 2120 Apple Loop Lyons, OR.
    What are key features of this property?
    This property features: - Modern 4,704 sq ft building constructed in 2019; - 2,016 sq ft shop area with **three 16ft doors and 18ft clear height**; - 1,344 sq ft office space with dedicated offices, conference room, and break room
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    2120 Apple Loop Lyons, OR 97358
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    Lyons, OR 97358
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2120 Apple Loop Lyons, OR 97358
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    Listing Contact
    Aj Nash
    Real Estate License ID: 201208908
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