Building Details

Year Built 1912

Listing Agency: Berkshire Hathaway HomeServices Real Estate Professionals

Listed By: Mark Shadrin · License #201215479 Show Phone

Source: Wisser

Added: Aug 14 Changed: Oct 7 Last Checked: Oct 15 at 12:57AM

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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 Berkshire Hathaway HomeServices Real Estate Professionals

Investment Insights

Based on property information with market context.

This mixed-use property combines residential and commercial zoning within a two-level layout. The 2,120-square-foot building includes a large kitchen, dining and living areas, two bedrooms, and 2-3 additional rooms that can accommodate offices, meeting space, studios, storage, or other work areas. Two updated full bathrooms provide one on each level, while a newer ductless heat pump serves the home. An oversized walk-in pantry adds storage for supplies, inventory, or household use.

The property occupies a 6,500-square-foot corner lot at N Main St and Marquam in Mt. Angel, Oregon. Its prominent intersection setting places the building along one of the city's most traveled streets. Built in 1912, the property offers a combination of flexible interior space, mixed-use zoning, and a live-work configuration.

Key Highlights

• 2,120 sqft building on a 6,500 sq. ft. corner lot
• Residential and commercial zoning
• Two bedrooms plus 2‑3 additional flexible‑use rooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,062

Cap Rate

6.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$541,240 $541.2K

Cap Rate 7%

$386,600 $386.6K

Cap Rate 9%

$300,689 $300.7K

Market Conditions

NOI Build-Up for 2,120 SF

Gross rent

$47.1K $22.20/SF

− Vacancy

−$3.8K −$1.78/SF

EGI

$43.3K $20.42/SF

− OpEx

−$16.2K −$7.66/SF

NOI

$27.1K $12.77/SF

Area

Marion County, OR

Vacancy

8.00%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$541,240

Cap Rate 7%

$386,600

Cap Rate 9%

$300,689

Alternative Uses

Best Use

Mixed Use

$386.6K

$338.3K – $451.0K (±1% cap)

NOI $27,062 @ 7.0% cap · market cap 6.77%

Second Best

Office B

$370.1K

$323.9K – $431.8K (±1% cap)

NOI $25,909 @ 7.0% cap · market cap 6.48%

Theoretical Best

Specialty Retail

$498.6K

$436.3K – $581.7K (±1% cap)

NOI $34,901 @ 7.0% cap · market cap 8.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store Auto Parts Store Bakery

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

Paved road access

Location Intelligence

Trade Area within ½ mile

256

Businesses Nearby

Explore this area Business Placement

Demographics for 97362, OR

4,397

Population

1,377

Households

3.2

Avg Household Size

39

Median Age

19%

College-Educated

78%

High-School Grad

23.4 sq mi

ZIP Area

188

Density / Sq Mi

$62,813

Median Household Income

$37,177

Median Earnings

$1,199

Median Rent

$420,400

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 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 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 - Residential and commercial zoning supports a flexible live-work or business configuration with rooms for offices, meetings, or storage.

Where is this mixed-use property located?

The property is located at 485 N Main St Mount Angel, OR.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: 2,120 sqft building on a 6,500 sq. ft. corner lot; Residential and commercial zoning; Two bedrooms plus 2‑3 additional flexible‑use rooms