Building Details

Building Size 2,552 SF

Year Built 1920

Listed By: Michael Gottfredson Show Phone

Source: Evrealestate

Added: Oct 2 Changed: Oct 7 Last Checked: Oct 14 at 11:06PM

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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 Michael Gottfredson

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Investment Insights

Based on property information with market context.

Built in 1920, this residential income property has a traditional exterior and an unfinished concrete interior area. Interior features include a dishwasher, electric range, washer, dryer, and exhaust fan.

The property is at 356 SE Alder Street in Toledo, Oregon. Parking options include off-street and on-street spaces, with paved surfaces. The zoning designation is R-G Residential, General.

Key Highlights

• Built in 1920
• R‑G Residential, General zoning
• Off‑street and on‑street parking with paved surfaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,897

Cap Rate

5.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$437,940 $437.9K

Cap Rate 7%

$312,814 $312.8K

Cap Rate 9%

$243,300 $243.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,552 SF

Gross rent

$41.3K $16.20/SF

− Vacancy

−$1.5K −$0.60/SF

EGI

$39.8K $15.60/SF

− OpEx

−$17.9K −$7.02/SF

NOI

$21.9K $8.58/SF

Area

Lincoln County, OR

Vacancy

3.70%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$437,940

Cap Rate 7%

$312,814

Cap Rate 9%

$243,300

Alternative Uses

Best Use

Apartment 5plus

$312.8K

$273.7K – $365.0K (±1% cap)

NOI $21,897 @ 7.0% cap · market cap 5.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$665.6K

$582.4K – $776.6K (±1% cap)

NOI $46,595 @ 7.0% cap · market cap 10.86%

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

Property Analytics

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Current Use

Residential income properties

Suggested Use

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

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

253

Businesses Nearby

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

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Frequently Asked Questions

What type of property is this?

Residential income property - R-G Residential, General zoning designates the property for a general residential classification.

Where is this residential income property located?

The property is located at 356 SE Alder Street Toledo, OR.

What is the asking price?

The asking price for this property is $429,000.

What are key features of this property?

This property features: Built in 1920; R‑G Residential, General zoning; Off‑street and on‑street parking with paved surfaces