Mixed-Use Shop
For Sale
$350,000
Lot 4 Ne Main St, Willamina, OR 97396
Road frontage, parking, and a shop with cement floors support a range of commercial activities.
Property Size4,332 SF
Lot Size0.50 Acres
Price / SF$80.79
Days on Market49
Property Features for Lot 4 Ne Main St
General Information
Standard status
Active
Size
4,332 SF
Lot size
0.50 Acres
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Building Details
Year Built
1978
Buildings
1
Listing Agency:
HOFENBREDL REALTY LLC
Listed By:
BARBARA HOFENBREDL · License #200810120
(503) 910-9261
Source:
Wisser
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 5 at 10:10PM
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 HOFENBREDL REALTY LLC
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Investment Insights
Based on property information with market context.
This mixed-use commercial property includes a 57' x 76' shop with cement flooring, a large sliding door, and an interior bathroom with a shower. The building provides an open area suitable for equipment, inventory, vehicles, storage, or other business uses, with parking available on the approximately 0.50-acre site.
The property has road frontage and is located at Lot 4 NE Main St in Willamina, Oregon. Constructed in 1978, the building offers a straightforward commercial layout with practical access and functional support space for an owner-user or other commercial operation.
The property has road frontage and is located at Lot 4 NE Main St in Willamina, Oregon. Constructed in 1978, the building offers a straightforward commercial layout with practical access and functional support space for an owner-user or other commercial operation.
Key Highlights
- Approximately 0.50 acre with road frontage and ample parking
- 57' x 76' shop with cement floors
- Large sliding door provides shop access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,190
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,800
$543.8K
Cap Rate 7%
$388,429
$388.4K
Cap Rate 9%
$302,111
$302.1K
Market Conditions
NOI Build-Up for 4,332 SF
Gross rent
$41.6K $9.60/SF
− Vacancy
−$2.7K −$0.63/SF
EGI
$38.8K $8.97/SF
− OpEx
−$11.7K −$2.69/SF
NOI
$27.2K $6.28/SF
Area
Yamhill County, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,800
Cap Rate 7%
$388,429
Cap Rate 9%
$302,111
Alternative Uses
Best Use
Mixed Use
$802.0K
$701.8K – $935.7K
NOI $56,143 @ 7.0% cap · market cap 16.04%
Second Best
Industrial
$388.4K
$339.9K – $453.2K
NOI $27,190 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,852 @ 7.0% cap · market cap 23.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 97396, OR
3,426
Population
1,473
Households
2.3
Avg Household Size
40
Median Age
10%
College-Educated
94%
High-School Grad
54.6 sq mi
ZIP Area
63
Density / Sq Mi
$52,857
Median Household Income
$42,217
Median Earnings
$1,104
Median Rent
$324,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Road frontage, parking, and a shop with cement floors support a range of commercial activities.
Where is this mixed-use property located?
The property is located at Lot 4 Ne Main St Willamina, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 0.50 acre with road frontage and ample parking; 57' x 76' shop with cement floors; Large sliding door provides shop access
