Three-Building Auto Shop
For Sale
$350,000
371 Ne Main St, Willamina, OR 97396
Three-building commercial setup combines an operating repair shop with additional updated space.
Property Size1,100 SF
Price / SF$318.18
Days on Market78
Property Features for 371 Ne Main St
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Amenities
bathroom
drive-up window
concrete floors
roll-up doors
Building Details
Year Built
1978
Buildings
3
Listing Agency:
Hofenbredl Realty Llc
Listed By:
BARBARA HOFENBREDL 503-910-9261 · License #200810120
(503) 876-6350
Source:
Teamgillott
Added: Aug 4
Changed: Oct 1
Last Checked: Oct 19 at 7:05AM
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 Hofenbredl Realty Llc
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Investment Insights
Based on property information with market context.
This auto shop property at 371 NE Main ST in Willamina, Oregon, includes three separate buildings and road frontage. The front structure is approximately 50' x 22' and includes a restroom and drive-up window. A second building, approximately 38' x 32', has received a new roof, siding, sheetrock, electrical system, and insulation.
The third building measures approximately 22' x 50' and is configured as an active mechanic shop, with concrete flooring and roll-up doors. The property also provides ample parking. Built in 1978, the site combines an operating automotive repair facility with additional commercial buildings suitable for office, retail, service, or related uses. Lifts and tools are excluded from the sale, with separate negotiation noted as possible.
The third building measures approximately 22' x 50' and is configured as an active mechanic shop, with concrete flooring and roll-up doors. The property also provides ample parking. Built in 1978, the site combines an operating automotive repair facility with additional commercial buildings suitable for office, retail, service, or related uses. Lifts and tools are excluded from the sale, with separate negotiation noted as possible.
Key Highlights
- Three separate commercial buildings on a road‑frontage property
- Operating mechanic shop with concrete floors and roll‑up doors
- Front building is approximately 50' x 22' with a restroom and drive‑up window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,167
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,340
$263.3K
Cap Rate 7%
$188,100
$188.1K
Cap Rate 9%
$146,300
$146.3K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$19.8K $18.00/SF
− Vacancy
−$990 −$0.90/SF
EGI
$18.8K $17.10/SF
− OpEx
−$5.6K −$5.13/SF
NOI
$13.2K $11.97/SF
Area
Yamhill County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,340
Cap Rate 7%
$188,100
Cap Rate 9%
$146,300
Alternative Uses
Best Use
Retail
$188.1K
$164.6K – $219.5K
NOI $13,167 @ 7.0% cap · market cap 3.76%
Second Best
Industrial
$98.6K
$86.3K – $115.1K
NOI $6,904 @ 7.0% cap · market cap 1.97%
Theoretical Best
Office A
$296.9K
$259.8K – $346.4K
NOI $20,784 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Willamina Automotive — 452 Main St, Willamina, OR 97396
Frequently Asked Questions
What type of property is this?
Auto shop - Three-building commercial setup combines an operating repair shop with additional updated space.
Where is this auto shop located?
The property is located at 371 Ne Main St Willamina, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three separate commercial buildings on a road‑frontage property; Operating mechanic shop with concrete floors and roll‑up doors; Front building is approximately 50' x 22' with a restroom and drive‑up window
