Car Wash Property with Concrete
For Sale
$235,000
214 N Pacific Hwy, Talent, OR 97540
HCBD-zoned property with existing improvements and utility infrastructure for car wash restoration or reconfiguration.
Property Size1,872 SF
Price / SF$125.53
Days on Market50
Property Features for 214 N Pacific Hwy
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Commercial
Zoning
HCBD
Property Condition
Severity
Major Repairs Needed
Evidence
burned in the Almeda Fire
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Land Use
car wash
Amenities
storage area
Building Details
Year Built
2005
Buildings
1
Construction
concrete
Listing Agency:
John L. Scott Medford
(832) 741-5106
Listed By:
Alex M Aaronson · License #201209927
Source:
Portlandoregonhomelistings
Added: Jul 12
Changed: Aug 29
Last Checked: Aug 29 at 11:36PM
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 John L. Scott Medford
Investment Insights
Based on property information with market context.
This former self-service car wash includes a 1,872-square-foot concrete structure built in 2005, along with a metal roof and storage area. The property sustained damage in the Almeda Fire, while the existing building and site improvements remain in place. System development fees have been paid, and the property is positioned for car wash restoration or a different approved use.
HCBD zoning allows uses that may include retail, restaurants, bars, churches, theaters, offices, communications facilities, and off-street parking, subject to site review by the City of Talent and buyer due diligence. Sewer, water, storm drain, and electrical infrastructure are already installed. The property is located along N Pacific Hwy with drive-through access from Hwy 99 to and from Suncrest Rd, near Downtown Talent and the I-5 corridor.
HCBD zoning allows uses that may include retail, restaurants, bars, churches, theaters, offices, communications facilities, and off-street parking, subject to site review by the City of Talent and buyer due diligence. Sewer, water, storm drain, and electrical infrastructure are already installed. The property is located along N Pacific Hwy with drive-through access from Hwy 99 to and from Suncrest Rd, near Downtown Talent and the I-5 corridor.
Key Highlights
- Former self‑service car wash with a 1,872‑square‑foot concrete structure
- 2005‑built structure with a 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?
Car wash - HCBD-zoned property with existing improvements and utility infrastructure for car wash restoration or reconfiguration.
Where is this car wash located?
The property is located at 214 N Pacific Hwy 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: Former self‑service car wash with a 1,872‑square‑foot concrete structure; 2005‑built structure with a metal roof and storage area; HCBD zoning supports multiple potential uses subject to city site review
