Mixed-Use Property with Shop
For Sale
$1,600,000
2711 S Main St, Lebanon, OR 97355
Retail and office areas are paired with a large shop and a secured, fenced yard.
Property Size8,866 SF
Price / SF$180.46
Days on Market124
Property Features for 2711 S Main St
General Information
Standard status
Active
Size
8,866 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Mixed-Use Components
retail, office, shop/warehouse
Warehouse & Industrial
Clear Height
14 ft
Three-Phase Power
Yes
Additional Details
Property Use
Retail, Office, Shop/Warehouse
Amenities
secured fenced yard
multiple cranes
3 phase power
all LED lighting
pull through truck access
Building Details
Building Size
8,866 SF
Year Built
1940
Listing Agency:
Keller Williams Realty Mid-Willamette - Gillott Team
(541) 451-2211
Listed By:
Laura Gillott · License #920300248
(541) 990-7785
Source:
Horsepowerrealestateproperties
Added: Jul 1
Changed: Oct 29
Last Checked: Oct 29 at 2:32PM
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
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Investment Insights
Based on property information with market context.
This mixed-use property combines retail and office areas with a large shop and warehouse. The 8,866-square-foot building includes 14-foot ceilings, multiple cranes, three-phase power, and LED lighting. A secured fenced yard has some newer blacktop paving, and the building roof was replaced in 2017.
Truck access runs through the site, connecting the yard and building for vehicle circulation. The property is at 2711 S Main St in Lebanon, Oregon.
Truck access runs through the site, connecting the yard and building for vehicle circulation. The property is at 2711 S Main St in Lebanon, Oregon.
Key Highlights
- 8,866‑square‑foot mixed‑use building with retail, office, shop, and warehouse space
- 14‑foot ceilings and multiple cranes
- Three‑phase power and LED lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,644
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,172,880
$2.2M
Cap Rate 7%
$1,552,057
$1.6M
Cap Rate 9%
$1,207,156
$1.2M
Market Conditions
NOI Build-Up for 8,866 SF
Gross rent
$133.0K $15.00/SF
− Vacancy
−$5.2K −$0.58/SF
EGI
$127.8K $14.42/SF
− OpEx
−$19.2K −$2.16/SF
NOI
$108.6K $12.25/SF
Area
Linn County, OR
Vacancy
3.89%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,172,880
Cap Rate 7%
$1,552,057
Cap Rate 9%
$1,207,156
Alternative Uses
Best Use
Warehouse
$1.55M
$1.36M – $1.81M
NOI $108,644 @ 7.0% cap · market cap 6.79%
Second Best
Mixed Use
$1.50M
$1.31M – $1.75M
NOI $104,730 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,798 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
14 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
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Business Placement
Demographics for 97355, OR
32,413
Population
13,623
Households
2.4
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
214.3 sq mi
ZIP Area
151
Density / Sq Mi
$64,307
Median Household Income
$39,934
Median Earnings
$1,267
Median Rent
$332,700
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office areas are paired with a large shop and a secured, fenced yard.
Where is this mixed-use property located?
The property is located at 2711 S Main St Lebanon, OR.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 8,866‑square‑foot mixed‑use building with retail, office, shop, and warehouse space; 14‑foot ceilings and multiple cranes; Three‑phase power and LED lighting
