Building Details

Building Size 2,715 SF

Year Built 1900

Listing Agency: Oregon Real Estate Professionals s***@gmail.com Show Phone

Listed By: Sheila Ridinger · License #201239810 Show Phone

Source: Allprofessionalsre

Added: Mar 12 Changed: Aug 20 Last Checked: Aug 20 at 2:16AM

Report an Issue

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 Oregon Real Estate Professionals

Investment Insights

Based on property information with market context.

Built in 1900, this storefront property offers an open interior arrangement with elevated ceilings, hardwood floors, and large windows across the street-facing frontage. The building occupies a corner position on Main St, adding a distinct physical presence to the property. Its original-era character and flexible interior provide a clear foundation for retail or other storefront-oriented use, subject to applicable requirements.

Key Highlights

• Built in 1900
• Open, spacious floor plan
• High ceilings and hardwood floors

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

$41,717

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

6.46%

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%

$834,340 $834.3K

Cap Rate 7%

$595,957 $596.0K

Cap Rate 9%

$463,522 $463.5K

Market Conditions

NOI Build-Up for 2,715 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

$87.6K $32.28/SF

− Vacancy

−$28.0K −$10.33/SF

EGI

$59.6K $21.95/SF

− OpEx

−$17.9K −$6.59/SF

NOI

$41.7K $15.37/SF

Area

Linn County, OR

Vacancy

32.00%

Lease Rate

$32.28 /SF/Yr

Expense Ratio

30.00%

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%

$834,340

Cap Rate 7%

$595,957

Cap Rate 9%

$463,522

Alternative Uses

Best Use

Retail

$596.0K

$521.5K – $695.3K (±1% cap)

NOI $41,717 @ 7.0% cap · market cap 6.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$790.9K

$692.1K – $922.8K (±1% cap)

NOI $55,365 @ 7.0% cap · market cap 8.58%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

In the Farm Kitchen Home Decor Store HEX Home Decor Store

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Auto Repair Shop Auto Parts Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

172

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 97327, OR

3,053

Population

1,407

Households

2.2

Avg Household Size

46

Median Age

28%

College-Educated

96%

High-School Grad

71.7 sq mi

ZIP Area

43

Density / Sq Mi

$83,051

Median Household Income

$45,667

Median Earnings

$1,015

Median Rent

$376,500

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Storefront property - The interior combines an open layout with high ceilings, hardwood flooring, and broad display windows.

Where is this storefront property located?

The property is located at 431 N Main St Brownsville, OR.

What is the asking price?

The asking price for this property is $645,500.

What are key features of this property?

This property features: Built in 1900; Open, spacious floor plan; High ceilings and hardwood floors