2120 Apple Loop, Lyons, OR 97358

Building Details

Building Size 4,704 SF More

Year Built 2019 More

Listing Agency: Tradition Real Estate Partners

Listed By: Dave Smith · License OR #201215251 Show Phone

Source: Traditionrep

Added: Mar 27 Changed: Oct 27 Last Checked: Nov 12 at 5:22AM

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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 Tradition Real Estate Partners

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,503

Cap Rate

5.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$590,060 $590.1K

Cap Rate 7%

$421,471 $421.5K

Cap Rate 9%

$327,811 $327.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,704 SF

Gross rent

$48.0K $10.20/SF

− Vacancy

−$2.6K −$0.55/SF

EGI

$45.4K $9.65/SF

− OpEx

−$15.9K −$3.38/SF

NOI

$29.5K $6.27/SF

Area

Linn County, OR

Vacancy

5.40%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$590,060

Cap Rate 7%

$421,471

Cap Rate 9%

$327,811

Alternative Uses

Best Use

Industrial

$678.2K

$593.4K – $791.2K (±1% cap)

NOI $47,471 @ 7.0% cap · market cap 9.59%

Second Best

Flex RnD

$421.5K

$368.8K – $491.7K (±1% cap)

NOI $29,503 @ 7.0% cap · market cap 5.96%

Theoretical Best

Office A

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,925 @ 7.0% cap · market cap 19.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Electrical Service Auto Repair Shop Garden Center Hair Salon Grocery & Convenience Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 97358, OR

2,680

Population

1,100

Households

2.4

Avg Household Size

51

Median Age

28%

College-Educated

94%

High-School Grad

88.4 sq mi

ZIP Area

30

Density / Sq Mi

$106,625

Median Household Income

$47,772

Median Earnings

$979

Median Rent

$451,700

Median Home Value

Market

Average Price Trend$/SF for Flex space in Linn County, OR

$134 Jul

$107 Aug

$120 Sep

$120 Oct

Properties on Market for Flex space in Linn County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Frequently Asked Questions

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 is the asking price?

The asking price for this property is $495,000.

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