Self-Service Car Wash
For Sale
$235,000
214 N Pacific Highway, Talent, OR 97540
Commercial Sale, Talent, OR
Property Size1,872 SF
Lot Size0.26 Acres
Price / SF$125.53
Days on Market47
Property Features for 214 N Pacific Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
HCBD
Lot features
Level
View
Territorial
Standard status
Active
APN
10980776
Size
1,872 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3940
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
storage area
Building Details
Year built
2005
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block, Concrete
Roof type
Metal
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Alex M Aaronson · License #201209927
(541) 779-3611
Added: Jul 16
Changed: Aug 28
Last Checked: Aug 31 at 6:06AM
MLS# 220225392
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property includes a 1,872-square-foot concrete and block structure built in 2005, topped by a metal roof and accompanied by a storage area. The building previously operated as a self-service car wash and was damaged in the Almeda Fire. Existing public water, public sewer, storm drainage, and electrical infrastructure remains in the ground, and system development fees have been paid. The site could support a car wash restart or another permitted configuration, subject to site review and buyer due diligence.
HCBD zoning allows a range of potential uses identified in the source information, including retail, restaurant, bar, office, church, theater, communications, and off-street parking, with city review required. The property has drive-through access from Hwy 99 to and from Suncrest Rd, with proximity to Downtown Talent and the I-5 corridor. It is located at 214 N Pacific Highway in Talent, Oregon.
HCBD zoning allows a range of potential uses identified in the source information, including retail, restaurant, bar, office, church, theater, communications, and off-street parking, with city review required. The property has drive-through access from Hwy 99 to and from Suncrest Rd, with proximity to Downtown Talent and the I-5 corridor. It is located at 214 N Pacific Highway in Talent, Oregon.
Key Highlights
- 1,872‑square‑foot concrete and block structure built in 2005
- Former self‑service car wash with metal roof and storage area
- HCBD zoning supports multiple potential uses subject to city site review
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
$11,939
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
5.08%
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%
$238,780
$238.8K
Cap Rate 7%
$170,557
$170.6K
Cap Rate 9%
$132,656
$132.7K
Market Conditions
NOI Build-Up for 1,872 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
$17.7K $9.48/SF
− Vacancy
−$690 −$0.37/SF
EGI
$17.1K $9.11/SF
− OpEx
−$5.1K −$2.73/SF
NOI
$11.9K $6.38/SF
Area
Jackson County, OR
Vacancy
3.89%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$238,780
Cap Rate 7%
$170,557
Cap Rate 9%
$132,656
Alternative Uses
Best Use
Specialty Retail
$395.2K
$345.8K – $461.0K
NOI $27,662 @ 7.0% cap · market cap 11.77%
Second Best
Retail
$370.0K
$323.7K – $431.7K
NOI $25,899 @ 7.0% cap · market cap 11.02%
Theoretical Best
Office A
$451.8K
$395.4K – $527.2K
NOI $31,629 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Groceries 40%
Ray's Food Place
Groceries
7,062 visits/mo
0.3 miles
Dollar General
Shops & Services
6,957 visits/mo
0.3 miles
Shell
Shops & Services
3,696 visits/mo
0.0 miles
Demographics for 97540, OR
8,234
Population
4,228
Households
1.9
Avg Household Size
45
Median Age
43%
College-Educated
97%
High-School Grad
45.0 sq mi
ZIP Area
183
Density / Sq Mi
$57,686
Median Household Income
$40,176
Median Earnings
$1,428
Median Rent
$427,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Concrete structure with metal roofing, storage, and public utility connections already in place.
Where is this self service car wash located?
The property is located at 214 N Pacific Highway Talent, OR.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,872‑square‑foot concrete and block structure built in 2005; Former self‑service car wash with metal roof and storage area; HCBD zoning supports multiple potential uses subject to city site review
