Office Condominium
3791 River Rd N Ste 2F, Keizer, OR 97303
For Sale
New
$279,000
A flexible layout supports professional, medical, or administrative office functions.
Property Size915 SF
Price / SF$304.92
Days on Market6
Property Features for 3791 River Rd N Ste 2F
General Information
Standard status
Size
Class
Property subtype
Additional Details
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Sperry Commercial Global Affiliates - Sperry Commercial Inc.
Listed By:
Jerry Jones · License #OR #201232293
(503) 569-0074
Source:
Sperrycga
Added: Nov 1
Last Checked: Nov 6 at 7:39AM
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 Sperry Commercial Global Affiliates - Sperry Commercial Inc.
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Investment Insights
Based on property information with market context.
This 915-square-foot office condominium suite was built in 1980 and has a functional layout suited to professional, medical, or administrative office use. It is offered for sale or lease.
The property is in Keizer, with access to River Road amenities and major transportation routes.
The property is in Keizer, with access to River Road amenities and major transportation routes.
Key Highlights
- 915 SF office condominium suite
- Built in 1980
- Access to River Road amenities and major transportation routes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,182
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,640
$223.6K
Cap Rate 7%
$159,743
$159.7K
Cap Rate 9%
$124,244
$124.2K
Market Conditions
NOI Build-Up for 915 SF
Gross rent
$20.3K $22.20/SF
− Vacancy
−$5.4K −$5.91/SF
EGI
$14.9K $16.29/SF
− OpEx
−$3.7K −$4.07/SF
NOI
$11.2K $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 Rate 5%
$223,640
Cap Rate 7%
$159,743
Cap Rate 9%
$124,244
Alternative Uses
Best Use
Office B
$159.7K
$139.8K – $186.4K
NOI $11,182 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$215.2K
$188.3K – $251.1K
NOI $15,063 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
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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
$396,700
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Marion County, OR
Properties on Market for Office Units in Marion County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible layout supports professional, medical, or administrative office functions.
Where is this office unit located?
The property is located at 3791 River Rd N Ste 2F Keizer, OR.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 915 SF office condominium suite; Built in 1980; Access to River Road amenities and major transportation routes
