Leased Industrial Complex with
2711 S Main Rd Lebanon, OR 97355
For Sale
$2,800,000
Fully leased industrial complex with three buildings, fenced grounds, bridge cranes, and updated roof, lighting, and paving.
Property Size28,876 SF
Lot Size2.90 Acres
Price / SF$96.97
Days on Market94
Property Features for 2711 S Main Rd
General Information
- Standard status
- Active
- Size
- 28,876 SF
- Lot size
- 2.90 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1976
Listing Agency:
KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM
(541) 451-2211
Listed By:
LAURA GILLOTT · License #920300248
Source:
Tripleoaksrealty
Added: Apr 21
Changed: Jul 23
Last Checked: Jul 23 at 4:45PM
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 KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM
Investment Insights
Based on property information with market context.
This fully leased industrial complex includes three separate buildings totaling 28,876 square feet on two tax lots totaling 2.90 acres. The property is fenced and secured, with tenant mix that includes construction, retail, auto repair, storage, and office use. Improvements include a new roof on building 2711 (2017), new LED lighting, and paving (2024).
Two buildings feature 14' ceilings and operating bridge cranes. The complex also includes 3-phase power and City water/sewer service.
Zoned HC, the property offers a multi-building layout designed to support a combination of industrial and related service operations within one secured, fully leased setting.
Two buildings feature 14' ceilings and operating bridge cranes. The complex also includes 3-phase power and City water/sewer service.
Zoned HC, the property offers a multi-building layout designed to support a combination of industrial and related service operations within one secured, fully leased setting.
Key Highlights
- Fully leased industrial complex with 3 separate buildings totaling 28,876 SF on two tax lots (2.90 acres)
- Zoned HC; tenant mix includes construction, retail, auto repair, storage, and office
- Two buildings feature 14' ceilings and operating bridge cranes
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $294.5k | $10.20 |
| − Vacancy | −$15.9k | −$0.55 |
| EGI | $278.6k | $9.65 |
| − OpEx | −$97.5k | −$3.38 |
| NOI | $181.1k | $6.27 |
28,876 SF · lease $10.20/SF/yr · vacancy 5.40% · expense 35.00%
Alternative Uses
Best Use
Retail
$6.34M
$5.55M – $7.39M
NOI $443,688 @ 7.0% cap · market cap 15.85%
Second Best
Warehouse
$5.05M
$4.42M – $5.90M
NOI $353,847 @ 7.0% cap · market cap 12.64%
Theoretical Best
Office A
$8.41M
$7.36M – $9.81M
NOI $588,849 @ 7.0% cap · market cap 21.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
LR Glass & Window
Hardware & Home Improvement
FAQs
What type of property is this?
Flex space - Fully leased industrial complex with three buildings, fenced grounds, bridge cranes, and updated roof, lighting, and paving.
Where is this flex space located?
The property is located at 2711 S Main Rd Lebanon, OR.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Fully leased industrial complex with 3 separate buildings totaling 28,876 SF on two tax lots (2.90 acres); Zoned HC; tenant mix includes construction, retail, auto repair, storage, and office; Two buildings feature 14' ceilings and operating bridge cranes
