Industrial Flex Building with Multiple Roll-Up
For Sale
$650,000
39188 Highway 226, Scio, OR 97374
COMMERCIAL - Scio, OR
Property Size4,300 SF
Lot Size0.50 Acres
Price / SF$151.16
Days on Market832
Property Features for 39188 Highway 226
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
EFU/CMSC
View
Territorial
Standard status
Active
Size
4,300 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
2325
Utilities
Water source
Well
Building Details
Year built
2019
Roof type
Aluminum
Listing Agency:
KELLER WILLIAMS REALTY MID-WILLAMETTE - GILLOTT TEAM
(541) 738-7770
Listed By:
LAURA GILLOTT · License #920300248
(541) 990-7785
Added: May 2, 2024
Changed: Aug 4
Last Checked: Aug 11 at 8:06PM
MLS# 816367
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.
Investment Insights
Based on property information with market context.
Industrial flex building featuring 4,300 SF of slab-on-grade shop and warehouse space on a fenced 0.50-acre property. The metal building is fully insulated and was built in 2019, with 16' eaves. Vehicle access includes four 12' x 12' roll-up doors and two 12' x 14' roll-up doors.
The building includes central office and reception space, plus power and lighting suitable for an active work environment. Service includes 300 amps, single phase, and LED lighting. The property also includes well water, aluminum roofing, and on-site building heat that is oil burning. Additional included items are three lifts and an air compressor; other tools and equipment may be negotiated.
For tenants and buyers looking for a shop-and-office setup with multiple door openings and modern building materials, the configuration supports a range of warehouse and light industrial uses.
The building includes central office and reception space, plus power and lighting suitable for an active work environment. Service includes 300 amps, single phase, and LED lighting. The property also includes well water, aluminum roofing, and on-site building heat that is oil burning. Additional included items are three lifts and an air compressor; other tools and equipment may be negotiated.
For tenants and buyers looking for a shop-and-office setup with multiple door openings and modern building materials, the configuration supports a range of warehouse and light industrial uses.
Key Highlights
- 4,300 SF slab‑on‑grade shop/warehouse space
- Fully insulated metal building built in 2019
- Six roll‑up doors: four 12' x 12' and two 12' x 14'
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
$52,692
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
8.11%
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%
$1,053,840
$1.1M
Cap Rate 7%
$752,743
$752.7K
Cap Rate 9%
$585,467
$585.5K
Market Conditions
NOI Build-Up for 4,300 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
$64.5K $15.00/SF
− Vacancy
−$2.5K −$0.58/SF
EGI
$62.0K $14.42/SF
− OpEx
−$9.3K −$2.16/SF
NOI
$52.7K $12.25/SF
Area
Linn County, OR
Vacancy
3.89%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,053,840
Cap Rate 7%
$752,743
Cap Rate 9%
$585,467
Alternative Uses
Best Use
Warehouse
$752.7K
$658.7K – $878.2K
NOI $52,692 @ 7.0% cap · market cap 8.11%
Second Best
Industrial
$619.9K
$542.4K – $723.2K
NOI $43,394 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,687 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97374, OR
5,543
Population
2,005
Households
2.8
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
129.6 sq mi
ZIP Area
43
Density / Sq Mi
$98,438
Median Household Income
$54,330
Median Earnings
$992
Median Rent
$534,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 2019-built insulated metal shop on a fenced 0.50-acre site with multiple roll-up doors and central office space.
Where is this flex space located?
The property is located at 39188 Highway 226 Scio, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,300 SF slab‑on‑grade shop/warehouse space; Fully insulated metal building built in 2019; Six roll‑up doors: four 12' x 12' and two 12' x 14'
