Medical Office Conversion
For Sale
$415,000
349 SE Baker St, McMinnville, OR 97128
Convenient office space currently suited for medical or dental use, with flexibility to convert to other office uses.
Property Size1,430 SF
Price / SF$290.21
Days on Market100
Property Features for 349 SE Baker St
General Information
Standard status
Active
Size
1,430 SF
Building Details
Year Built
1980
Listing Agency:
Bella Casa Real Estate Group
Listed By:
Joni McCreith · License #200402350
(503) 310-5613
Source:
Monarealestates
Added: Jul 14
Changed: Oct 14
Last Checked: Oct 7 at 5:01PM
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 Bella Casa Real Estate Group
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Investment Insights
Based on property information with market context.
This property offers medical or dental office space, with the ability to convert to other office uses. It is presented for sale as a practical option for professional office needs.
The offering is located at 349 SE Baker St in McMinnville, Oregon, providing straightforward access for daily office traffic.
If you are looking for an adaptable office layout for healthcare or a general office conversion, this space may fit your requirements.
The offering is located at 349 SE Baker St in McMinnville, Oregon, providing straightforward access for daily office traffic.
If you are looking for an adaptable office layout for healthcare or a general office conversion, this space may fit your requirements.
Key Highlights
- Office space built in 1980
- Currently suited for medical or dental office use
- Can be converted to other office uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,511
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,220
$370.2K
Cap Rate 7%
$264,443
$264.4K
Cap Rate 9%
$205,678
$205.7K
Market Conditions
NOI Build-Up for 1,430 SF
Gross rent
$32.6K $22.80/SF
− Vacancy
−$7.9K −$5.54/SF
EGI
$24.7K $17.26/SF
− OpEx
−$6.2K −$4.31/SF
NOI
$18.5K $12.94/SF
Area
Yamhill County, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,220
Cap Rate 7%
$264,443
Cap Rate 9%
$205,678
Alternative Uses
Best Use
Office B
$264.4K
$231.4K – $308.5K
NOI $18,511 @ 7.0% cap · market cap 4.46%
Second Best
Healthcare Medical
$153.1K
$133.9K – $178.6K
NOI $10,714 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$386.0K
$337.7K – $450.3K
NOI $27,019 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,409
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97128, OR
38,394
Population
15,291
Households
2.5
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
112.2 sq mi
ZIP Area
342
Density / Sq Mi
$72,055
Median Household Income
$37,427
Median Earnings
$1,295
Median Rent
$419,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Baker Street Animal Hospital — 1715 SW Baker St, McMinnville, OR 97128
- Third Street Veterinary Hospital — 303 NE Irvine St, McMinnville, OR 97128
- Homeward Bound Pets Spay and Neuter Clinic — 723 NE Evans St, McMinnville, OR 97128
Frequently Asked Questions
What type of property is this?
Medical Office Space - Convenient office space currently suited for medical or dental use, with flexibility to convert to other office uses.
Where is this medical office space located?
The property is located at 349 SE Baker St McMinnville, OR.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Office space built in 1980; Currently suited for medical or dental office use; Can be converted to other office uses
