Mixed-Use Building with
390 S Main St, Lebanon, OR 97355
For Sale
$320,000
Commercial, Lebanon, OR
Property Size1,412 SF
Lot Size0.19 Acres
Price / SF$226.63
Days on Market47
Property Features for 390 S Main St
General Information
Property type
Property subtype
Zoning
Rooms
Parking
View
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Roof type
Listing Agency:
KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM
(541) 738-7770
Listed By:
LAURA GILLOTT · License #920300248
(541) 990-7785
Added: Sep 24
Changed: Oct 16
Last Checked: Nov 9 at 9:06AM
MLS# 845964
Copyright © 2026 Willamette Valley Multiple Listing Service. 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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Investment Insights
Based on property information with market context.
This 1,412-square-foot mixed-use property, built in 1930, has office and retail potential. The main level includes a reception area, three offices, a break room, and a bathroom. The lower floor adds two offices, a bathroom, and storage. The site measures 0.19 acres and includes more than six off-street parking spaces and signage.
Located on S Main St in Lebanon, the property is zoned HC.
Located on S Main St in Lebanon, the property is zoned HC.
Key Highlights
- 1,412‑square‑foot building on a 0.19‑acre lot
- Main floor has reception, three offices, break room, and bathroom
- Lower floor includes two offices, bathroom, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,792
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,840
$515.8K
Cap Rate 7%
$368,457
$368.5K
Cap Rate 9%
$286,578
$286.6K
Market Conditions
NOI Build-Up for 1,412 SF
Gross rent
$40.0K $28.32/SF
− Vacancy
−$5.6K −$3.96/SF
EGI
$34.4K $24.36/SF
− OpEx
−$8.6K −$6.09/SF
NOI
$25.8K $18.27/SF
Area
Linn County, OR
Vacancy
14.00%
Lease Rate
$28.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,840
Cap Rate 7%
$368,457
Cap Rate 9%
$286,578
Alternative Uses
Best Use
Office B
$368.5K
$322.4K – $429.9K
NOI $25,792 @ 7.0% cap · market cap 8.06%
Second Best
Mixed Use
$238.3K
$208.5K – $278.0K
NOI $16,679 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$411.3K
$359.9K – $479.9K
NOI $28,794 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
5
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 97355, OR
32,413
Population
13,623
Households
2.4
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
214.3 sq mi
ZIP Area
151
Density / Sq Mi
$64,307
Median Household Income
$39,934
Median Earnings
$1,267
Median Rent
$332,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail space is arranged across a main level and lower floor, with on-site parking.
Where is this mixed-use property located?
The property is located at 390 S Main St Lebanon, OR.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,412‑square‑foot building on a 0.19‑acre lot; Main floor has reception, three offices, break room, and bathroom; Lower floor includes two offices, bathroom, and storage
