Auto Shop with Office on
For Sale
$220,000
48097 Highway 58, Oakridge, OR 97463
Former auto body shop with combined shop and office space and highway access for commercial and service users.
Property Size1,311 SF
Lot Size0.23 Acres
Price / SF$167.81
Days on Market90
Property Features for 48097 Highway 58
General Information
Standard status
Active
Size
1,311 SF
Lot size
0.23 Acres
Property subtype
Commercial
Zoning
C3
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$981
Building Details
Building Size
1,311 SF
Year Built
1950
Buildings
1
Stories
1
Listing Agency:
Oregon Life Homes
(541) 733-5978
Listed By:
Wendy Rigsby
(541) 733-5978
Source:
Metanars
Added: May 29
Changed: Aug 24
Last Checked: Aug 25 at 9:22AM
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 Life Homes
Investment Insights
Based on property information with market context.
This property is a former auto body shop offering a combined layout of shop and office space within a single building. The improvements already in place provide a practical foundation for service-oriented businesses seeking both working space and an administrative area. The site is approximately 0.23 acres.
Located on busy Highway 58 in Oakridge, the property benefits from highway frontage that supports visibility and straightforward customer access. The surrounding area includes nearby outdoor recreation destinations, including mountain biking trails.
The building and site configuration make this property worth considering for an owner-user or investor seeking an automotive or related service facility with on-site office space. Because the property’s future use depends on approval, the buyer is required to verify all permitted uses with the City of Oakridge. Adjacent commercial property is also available for purchase, which may support expanded operations if additional space is needed.
Located on busy Highway 58 in Oakridge, the property benefits from highway frontage that supports visibility and straightforward customer access. The surrounding area includes nearby outdoor recreation destinations, including mountain biking trails.
The building and site configuration make this property worth considering for an owner-user or investor seeking an automotive or related service facility with on-site office space. Because the property’s future use depends on approval, the buyer is required to verify all permitted uses with the City of Oakridge. Adjacent commercial property is also available for purchase, which may support expanded operations if additional space is needed.
Key Highlights
- Commercial property on busy Highway 58 in Oakridge, formerly an auto body shop
- Approximately 1,311 SF building with both shop and office space
- Approximately 0.23 acres with Highway frontage and easy access
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
$16,808
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
7.64%
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%
$336,160
$336.2K
Cap Rate 7%
$240,114
$240.1K
Cap Rate 9%
$186,756
$186.8K
Market Conditions
NOI Build-Up for 1,311 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
$26.0K $19.80/SF
− Vacancy
−$1.9K −$1.49/SF
EGI
$24.0K $18.32/SF
− OpEx
−$7.2K −$5.49/SF
NOI
$16.8K $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%
$336,160
Cap Rate 7%
$240,114
Cap Rate 9%
$186,756
Alternative Uses
Best Use
Retail
$240.1K
$210.1K – $280.1K
NOI $16,808 @ 7.0% cap · market cap 7.64%
Second Best
Industrial
$113.0K
$98.9K – $131.9K
NOI $7,912 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$331.7K
$290.2K – $387.0K
NOI $23,217 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Dining 47%
Ray's Food Place
Groceries
8,335 visits/mo
0.1 miles
A&W Restaurant
Dining
5,903 visits/mo
0.5 miles
SUBWAY
Dining
1,549 visits/mo
0.5 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
Questions? Ask Rey
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Similar Off Market Nearby
- Dowell Towing & Recovery — 48217 OR-58, Oakridge, OR 97463
- Skooliana — 47899 OR-58, Oakridge, OR 97463
- Deano's performance and repair — 47991 OR-58, Oakridge, OR 97463
Frequently Asked Questions
What type of property is this?
Auto shop - Former auto body shop with combined shop and office space and highway access for commercial and service users.
Where is this auto shop located?
The property is located at 48097 Highway 58 Oakridge, OR.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Commercial property on busy Highway 58 in Oakridge, formerly an auto body shop; Approximately 1,311 SF building with both shop and office space; Approximately 0.23 acres with Highway frontage and easy access
