Building Details

Year Built 1960

Tenancy Multi

Listing Agency: Oregon First Show Phone

Listed By: Brittany Gibbs · License #201209867 Show Phone

Source: Findhousesinoregon

Added: Sep 6 Changed: Oct 21 Last Checked: Oct 20 at 9:07PM

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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 Oregon First

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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 / Yr

$12,716

Cap Rate

5.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$254,320 $254.3K

Cap Rate 7%

$181,657 $181.7K

Cap Rate 9%

$141,289 $141.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,833 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $22,208 @ 7.0% cap · market cap 8.89%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Epic Images Photography Photography Service

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage HVAC Service Building Supply Furniture & Home Goods

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

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

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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