Building Details

Year Built 1950

Building Size 1,920 SF

Listing Agency: Hybrid Real Estate

Listed By: Heather Tipler Show Phone

Source: Portlandoregonhomelistings

Added: Sep 12 Changed: Sep 20 Last Checked: Sep 24 at 11:05AM

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Investment Insights

Based on property information with market context.

This mixed-use property combines a commercial building with a separate residence on a fenced site at 47597 Hwy 58 in Oakridge, Oregon. The commercial building contains 1,920 square feet, including 660 square feet of customer-facing store area with picture windows, high ceilings, shelving, an office, storage or break room, bathroom, and a 22-by-30-foot shop with 7-foot loading doors.

The residence provides 1,142 square feet with two bedrooms, two bathrooms, a primary suite, utility room, updated windows, new flooring, a newer heat pump, wood-burning stove, and a storage-oriented kitchen. A detached oversized garage has high double doors and pull-through access to a covered shop. The property occupies almost half an acre, with separation between the home and commercial building and parking for customers and equipment. Built in 1950.

Key Highlights

• 1,920‑square‑foot commercial building with 660 square feet of store frontage
• 22x30 shop with 7 foot loading doors
• 1,142‑square‑foot residence with 2 bedrooms and 2 bathrooms

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

$39,256

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

8.53%

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%

$785,120 $785.1K

Cap Rate 7%

$560,800 $560.8K

Cap Rate 9%

$436,178 $436.2K

Market Conditions

NOI Build-Up for 3,062 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

$60.6K $19.80/SF

− Vacancy

−$4.5K −$1.49/SF

EGI

$56.1K $18.32/SF

− OpEx

−$16.8K −$5.49/SF

NOI

$39.3K $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 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%

$785,120

Cap Rate 7%

$560,800

Cap Rate 9%

$436,178

Alternative Uses

Best Use

Retail

$560.8K

$490.7K – $654.3K (±1% cap)

NOI $39,256 @ 7.0% cap · market cap 8.53%

Second Best

Mixed Use

$442.9K

$387.5K – $516.7K (±1% cap)

NOI $31,003 @ 7.0% cap · market cap 6.74%

Theoretical Best

Office A

$774.6K

$677.8K – $903.8K (±1% cap)

NOI $54,225 @ 7.0% cap · market cap 11.79%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Real Estate Agency Auto Parts Store Pharmacy Building Supply Big Box & Wholesale Store

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

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

134

Businesses Nearby

23k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 96% Dining 4%

Chevron Shops & Services

8,246 visits/mo 0.4 miles

Mobil Shops & Services

7,405 visits/mo 0.1 miles

Dollar General Shops & Services

4,549 visits/mo 0.1 miles

76 Shops & Services

2,137 visits/mo 0.2 miles

Mazatlan Mexican Restaurant Dining

1,050 visits/mo 0.3 miles

Demographics for 97463, OR

3,886

Population

1,775

Households

2.2

Avg Household Size

50

Median Age

18%

College-Educated

84%

High-School Grad

48.7 sq mi

ZIP Area

80

Density / Sq Mi

$36,885

Median Household Income

$19,934

Median Earnings

$918

Median Rent

$241,000

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

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial space and a separate residence share a fenced site with dedicated parking and additional storage structures.

Where is this mixed-use property located?

The property is located at 47597 Hwy 58 Oakridge, OR.

What is the asking price?

The asking price for this property is $460,000.

What are key features of this property?

This property features: 1,920‑square‑foot commercial building with 660 square feet of store frontage; 22x30 shop with 7 foot loading doors; 1,142‑square‑foot residence with 2 bedrooms and 2 bathrooms