Professional Office Suite with
For Sale
$274,500
3787 River Rd N, Keizer, OR 97303
Office suite with private offices, collaborative areas, and meeting space, plus ample parking for tenants and guests.
Property Size1,098 SF
Days on Market106
Property Features for 3787 River Rd N
General Information
Standard status
Active
Size
1,098 SF
Property subtype
Office - General Office
Building Details
Building Size
1,098 SF
Listing Agency:
Coldwell Banker Commercial Mountain West Real Estate
Listed By:
Melissa Rodriguez · License #201222077
(503) 566-5718
Source:
Commercialcafe
Added: May 27
Changed: Sep 8
Last Checked: Jul 25 at 8:55AM
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 Coldwell Banker Commercial Mountain West Real Estate
Investment Insights
Based on property information with market context.
This for-sale office unit offers a professional layout designed for day-to-day work, with a mix of private offices, collaborative zones, and flexible meeting spaces. The space features expansive windows and a thoughtfully arranged entry, and the property is described as being in well-maintained condition.
The unit is located at 3787 River Rd N 4B in Keizer, positioned along the area’s primary arterial corridor. The building is presented with a well-maintained façade and ample parking, supporting convenient access for both tenants and visitors.
A current tenant is on a month-to-month arrangement, and the seller requests that prospective visitors do not disturb the occupant.
The unit is located at 3787 River Rd N 4B in Keizer, positioned along the area’s primary arterial corridor. The building is presented with a well-maintained façade and ample parking, supporting convenient access for both tenants and visitors.
A current tenant is on a month-to-month arrangement, and the seller requests that prospective visitors do not disturb the occupant.
Key Highlights
- Office ownership opportunity at 3787 River Road N 4B in Keizer’s primary arterial corridor
- Layout includes private offices, collaborative areas, and meeting space
- Ample parking for tenants and guests
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
$13,419
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
4.89%
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%
$268,380
$268.4K
Cap Rate 7%
$191,700
$191.7K
Cap Rate 9%
$149,100
$149.1K
Market Conditions
NOI Build-Up for 1,098 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
$24.4K $22.20/SF
− Vacancy
−$6.5K −$5.91/SF
EGI
$17.9K $16.29/SF
− OpEx
−$4.5K −$4.07/SF
NOI
$13.4K $12.22/SF
Area
Marion County, OR
Vacancy
26.60%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$268,380
Cap Rate 7%
$191,700
Cap Rate 9%
$149,100
Alternative Uses
Best Use
Office B
$191.7K
$167.7K – $223.7K
NOI $13,419 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$258.2K
$226.0K – $301.3K
NOI $18,076 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 97303, OR
41,441
Population
15,740
Households
2.6
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
24.9 sq mi
ZIP Area
1,664
Density / Sq Mi
$81,057
Median Household Income
$45,034
Median Earnings
$1,361
Median Rent
$396,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite with private offices, collaborative areas, and meeting space, plus ample parking for tenants and guests.
Where is this office units located?
The property is located at 3787 River Rd N Keizer, OR.
What is the asking price?
The asking price for this property is $274,500.
What are key features of this property?
This property features: Office ownership opportunity at 3787 River Road N 4B in Keizer’s primary arterial corridor; Layout includes private offices, collaborative areas, and meeting space; Ample parking for tenants and guests
