Building Details

Year built 1865

Floors in Building 2

Building materials Frame, WoodFrame

Roof type Composition

Listing Agency: Premiere Property Group, LLC h***@premierepropertygroup.com Show Phone

Listed By: Theresa Monahan Show Phone

Added: Aug 2, 2025 Changed: Oct 10 Last Checked: Oct 15 at 8:06PM

Report an Issue

MLS# 171964483

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,549

Cap Rate

4.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$270,980 $271.0K

Cap Rate 7%

$193,557 $193.6K

Cap Rate 9%

$150,544 $150.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,558 SF

Gross rent

$25.2K $16.20/SF

− Vacancy

−$606 −$0.39/SF

EGI

$24.6K $15.81/SF

− OpEx

−$11.1K −$7.12/SF

NOI

$13.5K $8.70/SF

Area

Linn County, OR

Vacancy

2.40%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$270,980

Cap Rate 7%

$193,557

Cap Rate 9%

$150,544

Alternative Uses

Best Use

Apartment 5plus

$193.6K

$169.4K – $225.8K (±1% cap)

NOI $13,549 @ 7.0% cap · market cap 4.52%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$453.9K

$397.1K – $529.5K (±1% cap)

NOI $31,771 @ 7.0% cap · market cap 10.59%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Big Box & Wholesale Store Hair Salon Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

180

Businesses Nearby

Explore this area Business Placement

Demographics for 97446, OR

5,067

Population

1,887

Households

2.7

Avg Household Size

39

Median Age

16%

College-Educated

93%

High-School Grad

123.0 sq mi

ZIP Area

41

Density / Sq Mi

$72,065

Median Household Income

$44,363

Median Earnings

$1,172

Median Rent

$318,200

Median Home Value

Similar For Sale Nearby

See more

NNN Corner Commercial Property

305 SMITH St, Harrisburg, OR 97446

$399,900

1,556 SF

View details

Highway 99 Grill Restaurant Building

290 N 3RD St, Harrisburg, OR 97446

$800,000

2,304 SF

View details

Convenience Store Building

170/190 N 3RD St, Harrisburg, OR 97446

$499,900

2,800 SF

View details

Six-Bedroom Duplex with Garages

789 WHITHAM Way, Harrisburg, OR 97446

$605,000

3,154 SF

View details

Multi-Tenant Shopping Center

230 N 3RD St, Harrisburg, OR 97446

$1,050,000

6,606 SF

View details

Frequently Asked Questions

Where is this commercial land located?

The property is located at 353 SMITH St Harrisburg, OR.

What is the asking price?

The asking price for this property is $299,900.