Building Details

Year built 1800

Floors in Building 1

Building materials Aluminum Siding

Roof type Membrane, Metal

Listing Agency: Martek Real Estate r***@hotmail.com Show Phone

Listed By: Michael T Burkhard · License #201235321 Show Phone

Added: Nov 6, 2025 Changed: Oct 3 Last Checked: Oct 4 at 5:06PM

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MLS# LC-105131

Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,502-square-foot storefront property occupies a 0.37-acre parcel in Toledo. A feed and seed business with a long-standing local presence is associated with the site. The property is zoned C - Commercial and has public water, public sewer, and water available.

Key Highlights

• 2,502‑square‑foot storefront on a 0.37‑acre parcel
• Commercial zoning: C - Commercial
• Public water and public sewer service

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

$30,450

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

3.05%

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%

$609,000 $609.0K

Cap Rate 7%

$435,000 $435.0K

Cap Rate 9%

$338,333 $338.3K

Market Conditions

NOI Build-Up for 2,502 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

$45.0K $18.00/SF

− Vacancy

−$1.5K −$0.61/SF

EGI

$43.5K $17.39/SF

− OpEx

−$13.1K −$5.22/SF

NOI

$30.5K $12.17/SF

Area

Lincoln County, OR

Vacancy

3.41%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

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%

$609,000

Cap Rate 7%

$435,000

Cap Rate 9%

$338,333

Alternative Uses

Best Use

Retail

$435.0K

$380.6K – $507.5K (±1% cap)

NOI $30,450 @ 7.0% cap · market cap 3.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$652.6K

$571.0K – $761.4K (±1% cap)

NOI $45,682 @ 7.0% cap · market cap 4.57%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Toledo Feed & Seed Pet Store & Service

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Dental Office Parking Lot & Garage Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

269

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 97391, OR

5,610

Population

2,478

Households

2.3

Avg Household Size

42

Median Age

23%

College-Educated

86%

High-School Grad

115.3 sq mi

ZIP Area

49

Density / Sq Mi

$57,793

Median Household Income

$35,241

Median Earnings

$1,046

Median Rent

$355,100

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties 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?

Storefront property - The property includes public water and sewer service, with commercial zoning.

Where is this storefront property located?

The property is located at 344 W Hwy 20 Toledo, OR.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: 2,502‑square‑foot storefront on a 0.37‑acre parcel; Commercial zoning: C - Commercial; Public water and public sewer service