Highway 101 Mixed-Use
For Sale
$280,000
470 Highway 101, Florence, OR 97439
Flexible commercial building with an open main-level layout and a separately accessible upper floor for future buildout.
Property Size800 SF
Price / SF$350
Days on Market76
Property Features for 470 Highway 101
General Information
Standard status
Active
Size
800 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
Hybrid Real Estate
Listed By:
Heather Tipler
(541) 343-0322
Source:
Wisser
Added: Jul 31
Changed: Oct 8
Last Checked: Oct 5 at 10:01PM
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 Hybrid Real Estate
Investment Insights
Based on property information with market context.
Built in 1950, this mixed-use commercial building combines an open main level of approximately 3,174 square feet with an unfinished upper floor. The main level offers a flexible interior layout, while the second floor has been cleared and prepared for customization. A separate exterior entrance serves the upper level, which also includes plumbing and electrical stub-ins for a future residential unit, office suites, or combined configuration.
Recent property improvements include a newer membrane roof and substantial electrical panel upgrades. The building fronts Highway 101 in Florence, providing direct corridor exposure and convenient access for both drivers and pedestrians. The property may also be acquired with the neighboring 478 Highway 101 location as part of a package.
Recent property improvements include a newer membrane roof and substantial electrical panel upgrades. The building fronts Highway 101 in Florence, providing direct corridor exposure and convenient access for both drivers and pedestrians. The property may also be acquired with the neighboring 478 Highway 101 location as part of a package.
Key Highlights
- Approximately 3,174 SF on the main level
- Upper floor has a separate exterior entrance
- Upper level includes pre‑installed plumbing and electrical stub‑ins
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,256
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,120
$205.1K
Cap Rate 7%
$146,514
$146.5K
Cap Rate 9%
$113,956
$114.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$15.8K $19.80/SF
− Vacancy
−$1.2K −$1.49/SF
EGI
$14.7K $18.32/SF
− OpEx
−$4.4K −$5.49/SF
NOI
$10.3K $12.82/SF
Area
Lane County, OR
Vacancy
7.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,120
Cap Rate 7%
$146,514
Cap Rate 9%
$113,956
Alternative Uses
Best Use
Retail
$146.5K
$128.2K – $170.9K
NOI $10,256 @ 7.0% cap · market cap 3.66%
Second Best
Mixed Use
$115.7K
$101.3K – $135.0K
NOI $8,100 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$202.4K
$177.1K – $236.1K
NOI $14,167 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
69k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Groceries 39%
Dining 17%
Apparel 2%
Safeway
Groceries
27,037 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,924 visits/mo
0.3 miles
Dollar Tree
Shops & Services
8,753 visits/mo
0.3 miles
Circle K
Shops & Services
6,762 visits/mo
0.3 miles
SUBWAY
Dining
4,522 visits/mo
0.3 miles
Demographics for 97439, OR
15,634
Population
9,056
Households
1.7
Avg Household Size
62
Median Age
27%
College-Educated
92%
High-School Grad
168.3 sq mi
ZIP Area
93
Density / Sq Mi
$58,576
Median Household Income
$36,146
Median Earnings
$1,164
Median Rent
$364,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building with an open main-level layout and a separately accessible upper floor for future buildout.
Where is this mixed-use property located?
The property is located at 470 Highway 101 Florence, OR.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Approximately 3,174 SF on the main level; Upper floor has a separate exterior entrance; Upper level includes pre‑installed plumbing and electrical stub‑ins
