Building Details

Year Built 2020

Listing Agency: Weichert, Realtors on Main Street s***@gmail.com Show Phone

Listed By: Steve Barnes · License #990800048

Source: Rosecityrealtygroup

Added: Jul 24 Changed: Aug 28 Last Checked: Aug 29 at 11:44AM

Report an Issue

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 Weichert, Realtors on Main Street

Investment Insights

Based on property information with market context.

This duplex contains 2,744 square feet across a two-unit residential configuration. Completed in 2020, the property offers newer construction for an income-producing residential asset.

The property is located at 360 NW Willamina Dr in Willamina, Oregon, within the 97396 ZIP code.

Key Highlights

• 2,744‑square‑foot duplex
• Built in 2020
• Two‑unit residential configuration

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

$35,233

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

6.10%

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%

$704,660 $704.7K

Cap Rate 7%

$503,329 $503.3K

Cap Rate 9%

$391,478 $391.5K

Market Conditions

NOI Build-Up for 2,744 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

$67.5K $24.60/SF

− Vacancy

−$3.4K −$1.25/SF

EGI

$64.1K $23.35/SF

− OpEx

−$28.8K −$10.51/SF

NOI

$35.2K $12.84/SF

Area

Yamhill County, OR

Vacancy

5.10%

Lease Rate

$24.60 /SF/Yr

Expense Ratio

45.00%

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%

$704,660

Cap Rate 7%

$503,329

Cap Rate 9%

$391,478

Alternative Uses

Best Use

Apartment 5plus

$503.3K

$440.4K – $587.2K (±1% cap)

NOI $35,233 @ 7.0% cap · market cap 6.10%

Second Best

Multifamily LT 5

$431.9K

$377.9K – $503.8K (±1% cap)

NOI $30,230 @ 7.0% cap · market cap 5.23%

Theoretical Best

Office A

$740.7K

$648.1K – $864.1K (±1% cap)

NOI $51,847 @ 7.0% cap · market cap 8.97%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Hair Salon Kitchen & Bath Showroom Big Box & Wholesale Store Real Estate Agency

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

107

Businesses Nearby

Explore this area Business Placement

Demographics for 97396, OR

3,426

Population

1,473

Households

2.3

Avg Household Size

40

Median Age

10%

College-Educated

94%

High-School Grad

54.6 sq mi

ZIP Area

63

Density / Sq Mi

$52,857

Median Household Income

$42,217

Median Earnings

$1,104

Median Rent

$324,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Improved Farm with Custom Home

18101 Willamina Creek Road, Willamina, OR 97396

$915,000

View details

Grocery-Anchored Shopping Center

112 Northeast Main Street, Willamina, OR 97396

Contact for pricing

11,400 SF

View details

Riverfront Event Estate with Residence

23090 YAMHILL RIVER RD, Willamina, OR 97396

Contact for pricing

8,362 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential asset constructed in 2020 with a compact multifamily layout.

Where is this duplex located?

The property is located at 360 NW Willamina Dr Willamina, OR.

What is the asking price?

The asking price for this property is $578,000.

What are key features of this property?

This property features: 2,744‑square‑foot duplex; Built in 2020; Two‑unit residential configuration