Building Details

Year built 1930

Listing Agency: Oregon First m***@oregonfirst.com Show Phone

Listed By: Soo Paik Show Phone

Added: Oct 28 Changed: Oct 30 Last Checked: Nov 1 at 11:06AM

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MLS# 432872310

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

A convenience store occupies a 2,000-square-foot building constructed in 1930. The property also includes a vacant lot behind the store, providing additional land area within the parcel. Cooling is provided by a heat pump, and the site is zoned RCT.

Situated on a corner along the highway, the property has access from the roadway. The address is 38396 Main St in Crawfordsville, Oregon.

Key Highlights

• 2,000‑square‑foot convenience store building, built in 1930
• 0.21‑acre corner parcel with a vacant lot at the rear
• RCT zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,926

Cap Rate

6.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$658,520 $658.5K

Cap Rate 7%

$470,371 $470.4K

Cap Rate 9%

$365,844 $365.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$64.6K $32.28/SF

− Vacancy

−$20.7K −$10.33/SF

EGI

$43.9K $21.95/SF

− OpEx

−$11.0K −$5.49/SF

NOI

$32.9K $16.46/SF

Area

Linn County, OR

Vacancy

32.00%

Lease Rate

$32.28 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$658,520

Cap Rate 7%

$470,371

Cap Rate 9%

$365,844

Alternative Uses

Best Use

Specialty Retail

$470.4K

$411.6K – $548.8K (±1% cap)

NOI $32,926 @ 7.0% cap · market cap 6.59%

Second Best

Retail

$439.0K

$384.1K – $512.2K (±1% cap)

NOI $30,731 @ 7.0% cap · market cap 6.15%

Theoretical Best

Office A

$582.6K

$509.8K – $679.8K (±1% cap)

NOI $40,785 @ 7.0% cap · market cap 8.16%

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

Grocery and convenience stores

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Computer & Electronic Repair Grocery & Convenience Store Tech Support Center Food Market

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

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 97336, OR

133

Population

32

Households

4.2

Avg Household Size

52

Median Age

58%

High-School Grad

0.4 sq mi

ZIP Area

333

Density / Sq Mi

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The 0.21-acre property includes a vacant rear lot and convenient highway access.

Where is this grocery and convenience store located?

The property is located at 38396 MAIN St Crawfordsville, OR.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: 2,000‑square‑foot convenience store building, built in 1930; 0.21‑acre corner parcel with a vacant lot at the rear; RCT zoning