Keizer Office Building For
For Sale
$500,000
4205 Cherry Ave NE, Keizer, OR 97303
Commercial Mixed-Use property with high visibility and easy access.
Property Size2,475 SF
Lot Size0.15 Acres
Price / SF$202.02
Days on Market206
Property Features for 4205 Cherry Ave NE
General Information
Standard status
Active
Size
2,475 SF
Class
C
Lot size
0.15 Acres
Property subtype
Office
Building Details
Building Size
2,475 SF
Year Built
1985
Listing Agency:
Capacity Commercial Group
(503) 569-4449
Listed By:
Nick Williams, CCIM · License #201230204
(503) 569-4449
Source:
Corfac
Added: Jan 26
Changed: Aug 9
Last Checked: Aug 20 at 5:16AM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
Located at 4205 Cherry Avenue NE in Keizer, Oregon, this property is situated on a 6,534 SF parcel and features a 2,475 SF building. The property enjoys a prominent corner presence just off River Road North, one of the city’s primary arterials. Positioned at a signalized intersection, the site benefits from strong visibility and easy access, with an average daily traffic count exceeding 26,000 vehicles nearby. The property is zoned CM (Commercial Mixed Use), offering a wide array of potential future uses, including office, retail, or mixed commercial development. The building is currently leased to a single tenant on a short term basis. The subject property may ultimately be sold individually, but it is strongly preferred that it be sold as part of the broader adjacent portfolio.
Key Highlights
- Prominent corner location at a signalized intersection offers high visibility and easy access.
- High traffic count (over 26,000 vehicles daily) on River Road North.
- CM (Commercial Mixed Use) zoning allows for diverse development options.
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
$30,247
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
6.05%
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%
$604,940
$604.9K
Cap Rate 7%
$432,100
$432.1K
Cap Rate 9%
$336,078
$336.1K
Market Conditions
NOI Build-Up for 2,475 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
$54.9K $22.20/SF
− Vacancy
−$14.6K −$5.91/SF
EGI
$40.3K $16.29/SF
− OpEx
−$10.1K −$4.07/SF
NOI
$30.2K $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 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%
$604,940
Cap Rate 7%
$432,100
Cap Rate 9%
$336,078
Alternative Uses
Best Use
Office B
$432.1K
$378.1K – $504.1K
NOI $30,247 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$582.1K
$509.3K – $679.1K
NOI $40,745 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office 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?
Office units - Commercial Mixed-Use property with high visibility and easy access.
Where is this office units located?
The property is located at 4205 Cherry Ave NE Keizer, 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: Prominent corner location at a signalized intersection offers high visibility and easy access.; High traffic count (over 26,000 vehicles daily) on River Road North.; CM (Commercial Mixed Use) zoning allows for diverse development options.
