Well-Maintained 8-Unit Apartment
For Sale
$1,395,000
501 Briarwood Dr, Central Point, OR 97502
Open kitchens, private patios, and individual exterior storage support practical apartment layouts.
Property Size7,300 SF
Price / SF$191.10
Days on Market16
Property Features for 501 Briarwood Dr
General Information
Standard status
Active
Size
7,300 SF
Property subtype
Multi-Family
Building Details
Year Built
2006
Listing Agency:
Cascade Hasson Sir
(541) 595-8444
Listed By:
Strategic Realty, LLC
(541) 595-8444
Source:
Movetobend
Added: Aug 15
Changed: Aug 30
Last Checked: Aug 26 at 12:47PM
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 Cascade Hasson Sir
Investment Insights
Based on property information with market context.
Located at 501 Briarwood Dr in Central Point, this 7,300-square-foot apartment property contains 8 units completed in 2006. The building has remained with one owner since construction and offers functional floor plans with open kitchens, substantial storage, private patios, and individual exterior storage closets. Approximately four units feature updated LVP flooring, while finishes and condition vary somewhat among the units.
Covered tenant parking is supplemented by a large parking area for visitors. The property has a history of long-term tenancy and limited vacancy, with no HOA. The improvements are described as well maintained, with no significant deferred maintenance identified in the property information.
Covered tenant parking is supplemented by a large parking area for visitors. The property has a history of long-term tenancy and limited vacancy, with no HOA. The improvements are described as well maintained, with no significant deferred maintenance identified in the property information.
Key Highlights
- 8‑unit apartment property totaling 7,300 square feet
- Built in 2006 and held by one owner since construction
- Open kitchens, private patios, and individual exterior storage closets
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
$68,657
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
4.92%
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%
$1,373,140
$1.4M
Cap Rate 7%
$980,814
$980.8K
Cap Rate 9%
$762,856
$762.9K
Market Conditions
NOI Build-Up for 7,300 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
$131.4K $18.00/SF
− Vacancy
−$6.6K −$0.90/SF
EGI
$124.8K $17.10/SF
− OpEx
−$56.2K −$7.69/SF
NOI
$68.7K $9.41/SF
Area
Jackson County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,373,140
Cap Rate 7%
$980,814
Cap Rate 9%
$762,856
Alternative Uses
Best Use
Apartment 5plus
$980.8K
$858.2K – $1.14M
NOI $68,657 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,341 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Explore this area
Business Placement
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Open kitchens, private patios, and individual exterior storage support practical apartment layouts.
Where is this apartment building located?
The property is located at 501 Briarwood Dr Central Point, OR.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 8‑unit apartment property totaling 7,300 square feet; Built in 2006 and held by one owner since construction; Open kitchens, private patios, and individual exterior storage closets
