Remodeled Office Building For
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424 NE Ford St, McMinnville, OR
7,977 SF office building with C-3 zoning.
Property Size7,977 SF
Lot Size0.18 Acres
Price / SF$215.62
Days on Market448
Property Features for 424 NE Ford St
General Information
Standard status
Active
Size
7,977 SF
Lot size
0.18 Acres
Property subtype
OFFICE
Listing Agency:
Miller Consulting Group LLC
(503) 740-9200
Listed By:
Mary Martin Miller
(503) 740-9200
Source:
Moodyscre
Added: May 12, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:15AM
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 Miller Consulting Group LLC
Investment Insights
Based on property information with market context.
This 7,977 square-foot building, originally constructed in the 1960s and remodeled into office spaces in 1976, offers a versatile layout suitable for various uses under its C-3 zoning. The property includes a large storage and utility room upstairs. It features plumbing suitable for individual exam rooms and office areas. The property is located in McMinnville, OR.
Key Highlights
- C‑3 Zoning allows for many uses
- 7,977 sq ft building size
- Plumbing for individual exam rooms
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.9k | $22.80 |
| − Vacancy | −$44.2k | −$5.54 |
| EGI | $137.7k | $17.26 |
| − OpEx | −$34.4k | −$4.31 |
| NOI | $103.3k | $12.94 |
7,977 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,260 @ 7.0% cap · market cap 6.00%
Second Best
Healthcare Medical
$853.8K
$747.1K – $996.1K
NOI $59,766 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,723 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,508
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 7,977 SF office building with C-3 zoning.
Where is this office building located?
The property is located at 424 NE Ford St McMinnville, OR.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: C‑3 Zoning allows for many uses; 7,977 sq ft building size; Plumbing for individual exam rooms
