Listing Agency: Evans, Elder, Brown & Seubert Show Phone

Listed By: Jeff Elder Show Phone

Source: Moodyscre

Added: Aug 30, 2021 Changed: Jul 6 Last Checked: Sep 12 at 5:22AM

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Investment Insights

Based on property information with market context.

This commercial space in Veneta, Oregon, offers approximately 3,711 square feet suitable for office use. The property is zoned Community Commercial (CC) and features six exam rooms. On-site parking is available. The rent is $3,850 per month, modified gross.

Key Highlights

• Approximately 3,711 square feet of space
• Zoned Community Commercial (CC)
• Features six (6) exam rooms

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

$51,408

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

8.64%

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%

$1,028,160 $1.0M

Cap Rate 7%

$734,400 $734.4K

Cap Rate 9%

$571,200 $571.2K

Market Conditions

NOI Build-Up for 3,711 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

$82.4K $22.20/SF

− Vacancy

−$13.8K −$3.73/SF

EGI

$68.5K $18.47/SF

− OpEx

−$17.1K −$4.62/SF

NOI

$51.4K $13.85/SF

Area

Lane County, OR

Vacancy

16.80%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

25.00%

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%

$1,028,160

Cap Rate 7%

$734,400

Cap Rate 9%

$571,200

Alternative Uses

Best Use

Office B

$734.4K

$642.6K – $856.8K (±1% cap)

NOI $51,408 @ 7.0% cap · market cap 8.64%

Second Best

Healthcare Medical

$646.1K

$565.4K – $753.8K (±1% cap)

NOI $45,229 @ 7.0% cap · market cap 7.60%

Theoretical Best

Office A

$938.8K

$821.5K – $1.10M (±1% cap)

NOI $65,719 @ 7.0% cap · market cap 11.05%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Dental Office Auto Repair Shop Building Supply Big Box & Wholesale Store Parking Lot & Garage Electrical Service

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

347

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - 3,711 SF office space available for lease in Veneta.

Where is this medical office space located?

The property is located at 25045 Dunham Ave Veneta, OR.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: Approximately 3,711 square feet of space; Zoned Community Commercial (CC); Features six (6) exam rooms