Mixed-Use Property with Fenced
New
For Sale
$249,900
358 S Calapooia ST, Sutherlin, OR 97479
C3-zoned space combines an occupied preschool and one-bedroom apartment with access from S. Calapooia and Valentine Street.
Property Size1,833 SF
Price / SF$136.33
Days on Market3
Property Features for 358 S Calapooia ST
General Information
Standard status
Active
Size
1,833 SF
Property subtype
Commercial
Zoning
C3
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
fenced back yard
mini-split heating and air-conditioning
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Lancefield Realty
Listed By:
Brittany Gibbs · License #201209867
(503) 836-2010
Source:
Findhousesinoregon
Added: Sep 6
Last Checked: Sep 7 at 7:01AM
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 Lancefield Realty
Investment Insights
Based on property information with market context.
This 1,833-square-foot mixed-use property, built in 1960, includes approximately 1,160 square feet of preschool space and a 670-square-foot one-bedroom apartment. Both areas have been updated with mini-split heating and air-conditioning and are occupied by long-term tenants. The property is zoned C3 and fronts S. Calapooia, identified as Hwy 99S, with additional access from Valentine Street. A large fenced backyard supports the existing preschool configuration. The building also shares its south wall with a mini market, providing an established commercial setting for the current combination of uses.
Key Highlights
- C3‑zoned mixed‑use property with 1,833 square feet
- Approximately 1,160 SF preschool space and 670 SF one‑bedroom apartment
- Both spaces occupied by long‑term tenants
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
$12,716
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
5.09%
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%
$254,320
$254.3K
Cap Rate 7%
$181,657
$181.7K
Cap Rate 9%
$141,289
$141.3K
Market Conditions
NOI Build-Up for 1,833 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
$22.0K $12.00/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$20.3K $11.10/SF
− OpEx
−$7.6K −$4.16/SF
NOI
$12.7K $6.94/SF
Area
Douglas County, OR
Vacancy
7.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$254,320
Cap Rate 7%
$181,657
Cap Rate 9%
$141,289
Alternative Uses
Best Use
Mixed Use
$181.7K
$159.0K – $211.9K
NOI $12,716 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$317.3K
$277.6K – $370.1K
NOI $22,208 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 97479, OR
10,161
Population
4,759
Households
2.1
Avg Household Size
47
Median Age
15%
College-Educated
94%
High-School Grad
67.5 sq mi
ZIP Area
151
Density / Sq Mi
$56,493
Median Household Income
$36,867
Median Earnings
$1,207
Median Rent
$281,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C3-zoned space combines an occupied preschool and one-bedroom apartment with access from S. Calapooia and Valentine Street.
Where is this mixed-use property located?
The property is located at 358 S Calapooia ST Sutherlin, OR.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: C3‑zoned mixed‑use property with 1,833 square feet; Approximately 1,160 SF preschool space and 670 SF one‑bedroom apartment; Both spaces occupied by long‑term tenants
