Residential Income Property with
For Sale
$549,950
33802 MARKET RD, Creswell, OR 97426
Residential income property with garage, carport, and crawl-space features in a rural residential setting.
Property Size2,094 SF
Days on Market83
Property Features for 33802 MARKET RD
General Information
Standard status
Active
Size
2,094 SF
Property subtype
Residential Income
Zoning
RR5
Net Operating Income
$29,640
Taxes and HOA fees
Annual Taxes
$2,202
Amenities
Crawl Space
Carport, Garage
Building Details
Building Size
2,094 SF
Year Built
1944
Stories
1
Listing Agency:
(541) 228-7090
Listed By:
Shawn Hittenberger
(541) 228-7090
Source:
Evrealestate
Added: May 22
Changed: Aug 9
Last Checked: Aug 12 at 4:42AM
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 Shawn Hittenberger
Investment Insights
Based on property information with market context.
This residential income property includes both a garage and carport, along with crawl-space access. The structure was built in 1944, and the interior features list does not identify additional improvements.
The property is located at 33802 Market Rd in Creswell, Oregon, in Lane County. Access is described from Creswell via Hwy 99 and Market Rd, with the property positioned immediately after the overpass. Zoning is RR5.
The property is located at 33802 Market Rd in Creswell, Oregon, in Lane County. Access is described from Creswell via Hwy 99 and Market Rd, with the property positioned immediately after the overpass. Zoning is RR5.
Key Highlights
- Residential income property in Lane County
- Garage and carport included
- Crawl‑space feature
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
$19,138
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
3.48%
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%
$382,760
$382.8K
Cap Rate 7%
$273,400
$273.4K
Cap Rate 9%
$212,644
$212.6K
Market Conditions
NOI Build-Up for 2,094 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
$36.9K $17.64/SF
− Vacancy
−$2.1K −$1.02/SF
EGI
$34.8K $16.62/SF
− OpEx
−$15.7K −$7.48/SF
NOI
$19.1K $9.14/SF
Area
Lane County, OR
Vacancy
5.80%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
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%
$382,760
Cap Rate 7%
$273,400
Cap Rate 9%
$212,644
Alternative Uses
Best Use
Apartment 5plus
$273.4K
$239.2K – $319.0K
NOI $19,138 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$529.8K
$463.5K – $618.1K
NOI $37,083 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 97426, OR
10,521
Population
4,050
Households
2.6
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
75.0 sq mi
ZIP Area
140
Density / Sq Mi
$87,533
Median Household Income
$44,995
Median Earnings
$1,293
Median Rent
$435,100
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property with garage, carport, and crawl-space features in a rural residential setting.
Where is this residential income property located?
The property is located at 33802 MARKET RD Creswell, OR.
What is the asking price?
The asking price for this property is $549,950.
What are key features of this property?
This property features: Residential income property in Lane County; Garage and carport included; Crawl‑space feature
