Single-Level Retail/Warehouse
308 N First St Drain, OR 97435
308 N First St, Drain, OR, 97435
$695,000
For Sale
$695,000
Single-level commercial building with 7,500 sq. ft. of usable space and paved onsite parking near Hwy 99.
Property Size7,500 SF
Price / SF$92.67
Days on Market102
Property Features for 308 N First St
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing agency
RE/MAX Integrity
(541) 430-5430
Listed by
Jody Tatone · License #780403754
(541) 430-5430
Source
Allprofessionalsre
Added: Apr 13 Updated: Jul 23 at 4:25AM Checked: Jul 23 at 4:25AM
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 RE/MAX Integrity
Investment Insights
Based on property information with market context.
Single-level commercial property offering 7,500 square feet of usable space, suited for either retail operations or warehouse use. The building is designed as one continuous level, making it straightforward for day-to-day access and layout planning.
Located on Hwy 99 in central Drain, the property offers strong visibility for passing traffic. Onsite paved parking is available, with additional street parking also noted.
This is a one-story flex-style option that can support a retail showroom approach or a practical warehouse setup, depending on the tenant’s needs.
Located on Hwy 99 in central Drain, the property offers strong visibility for passing traffic. Onsite paved parking is available, with additional street parking also noted.
This is a one-story flex-style option that can support a retail showroom approach or a practical warehouse setup, depending on the tenant’s needs.
Key Highlights
- Single‑level commercial building built in 1960
- 7,500 sq. ft. of usable space for retail or warehouse use
- Located on Hwy 99 in central Drain
Local Financial Insights For Warehouse
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 | $67.5k | $9.00 |
| − Vacancy | −$2.6k | −$0.35 |
| EGI | $64.9k | $8.65 |
| − OpEx | −$9.7k | −$1.30 |
| NOI | $55.1k | $7.35 |
7,500 SF · lease $9.00/SF/yr · vacancy 3.89% · expense 15.00%
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,303 @ 7.0% cap · market cap 12.85%
Second Best
Flex RnD
$963.2K
$842.8K – $1.12M
NOI $67,421 @ 7.0% cap · market cap 9.70%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.51M
NOI $90,866 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Western Union
Bank
Ray's Food Place
Grocery & Convenience Store
Cardtronics ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Single-level commercial building with 7,500 sq. ft. of usable space and paved onsite parking near Hwy 99.
Where is this flex space located?
The property is located at 308 N First St Drain, OR.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Single‑level commercial building built in 1960; 7,500 sq. ft. of usable space for retail or warehouse use; Located on Hwy 99 in central Drain
