2-Suite
New
For Sale
$249,000
222 E Main ST, Hermiston, OR 97838
Two commercial units provide separate spaces for distinct business operations.
Property Size1,875 SF
Price / SF$132.80
Days on Market2
Property Features for 222 E Main ST
General Information
Standard status
Active
Size
1,875 SF
Property subtype
Commercial
Additional Details
Office Units
2
Building Details
Year Built
1926
Buildings
1
Building Size
1,875 SF
Listing Agency:
Luxe Forbes Global Properties
Listed By:
Brittany Gibbs · License #201209867
(503) 836-2010
Source:
Findhousesinoregon
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 5 at 2:57PM
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 Luxe Forbes Global Properties
Investment Insights
Based on property information with market context.
This 1,875-square-foot storefront, built in 1926, is arranged as two commercial units. Each unit has a restroom, and the building has a new roof.
The property is at 222 E Main St in downtown Hermiston, Oregon, along Main Street.
The property is at 222 E Main St in downtown Hermiston, Oregon, along Main Street.
Key Highlights
- Two commercial spaces, each with a restroom
- New roof
- 1,875 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,106
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,120
$362.1K
Cap Rate 7%
$258,657
$258.7K
Cap Rate 9%
$201,178
$201.2K
Market Conditions
NOI Build-Up for 1,875 SF
Gross rent
$27.0K $14.40/SF
− Vacancy
−$1.1K −$0.60/SF
EGI
$25.9K $13.80/SF
− OpEx
−$7.8K −$4.14/SF
NOI
$18.1K $9.66/SF
Area
Umatilla County, OR
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,120
Cap Rate 7%
$258,657
Cap Rate 9%
$201,178
Alternative Uses
Best Use
Retail
$258.7K
$226.3K – $301.8K
NOI $18,106 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.5K
$343.4K – $457.9K
NOI $27,475 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
95k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 42%
Electronics 10%
Hotels & Casinos 5%
Dutch Bros. Coffee
Dining
19,934 visits/mo
0.4 miles
Bi-Mart
Shops & Services
14,660 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,926 visits/mo
0.4 miles
Les Schwab Tire Center
Shops & Services
7,552 visits/mo
0.4 miles
Verizon
Electronics
5,937 visits/mo
0.3 miles
Demographics for 97838, OR
28,387
Population
10,166
Households
2.8
Avg Household Size
34
Median Age
15%
College-Educated
79%
High-School Grad
202.4 sq mi
ZIP Area
140
Density / Sq Mi
$76,032
Median Household Income
$40,698
Median Earnings
$1,046
Median Rent
$274,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Hermiston Floral Shop — 174 W Hermiston Ave, Hermiston, OR 97838
- Sassafras Flowers by Shera — 379 E Main St, Hermiston, OR 97838
Frequently Asked Questions
What type of property is this?
Storefront property - Two commercial units provide separate spaces for distinct business operations.
Where is this storefront property located?
The property is located at 222 E Main ST Hermiston, OR.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two commercial spaces, each with a restroom; New roof; 1,875 square feet
