Historic Corner Office
For Sale
$349,000
502 S Trade St, Amity, OR 97101
Brick commercial building with office, flex, restroom, and break-room areas in a high-traffic corner setting.
Property Size2,048 SF
Price / SF$218.13
Days on Market95
Property Features for 502 S Trade St
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Commercial
Zoning
Com.
Site & Location
Corner Location
Yes
Traffic Count
9,500 vehicles/day
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,459
Amenities
original bank vault
partial kitchen / break room
outdoor area
Building Details
Building Size
2,048 SF
Year Built
1928
Buildings
1
Stories
1
Construction
brick
Listing Agency:
Premiere Property Group, LLC
(503) 385-5585
Listed By:
Matthew Tackett · License #201002139
(503) 385-5585
Source:
Allprofessionalsre
Added: May 18
Changed: Aug 14
Last Checked: Aug 19 at 2:13PM
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 Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
This 1928 brick office building retains features from its former bank use, including the original vault. The approximately 1,600 sq. ft. front office area has large picture windows, complemented by two flex rooms, two bathrooms, and a partial kitchen or break room without a stove. A small outdoor area is located behind the building.
The property occupies a visible corner along 99W and Trade St. with a reported 9,500+ daily traffic count. Commercial zoning supports its current office and tasting room configuration, while the combination of open office space, private workspace, storage, and historic details provides a distinctive commercial setting.
The property occupies a visible corner along 99W and Trade St. with a reported 9,500+ daily traffic count. Commercial zoning supports its current office and tasting room configuration, while the combination of open office space, private workspace, storage, and historic details provides a distinctive commercial setting.
Key Highlights
- 1928 brick construction with the original bank vault
- Approximately +/- 1,600 sq. ft. of front office space with large picture windows
- Two flex rooms, including a private office and a storage room
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
$20,712
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
5.93%
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%
$414,240
$414.2K
Cap Rate 7%
$295,886
$295.9K
Cap Rate 9%
$230,133
$230.1K
Market Conditions
NOI Build-Up for 1,600 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
$36.5K $22.80/SF
− Vacancy
−$8.9K −$5.54/SF
EGI
$27.6K $17.26/SF
− OpEx
−$6.9K −$4.31/SF
NOI
$20.7K $12.94/SF
Area
Yamhill County, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$414,240
Cap Rate 7%
$295,886
Cap Rate 9%
$230,133
Alternative Uses
Best Use
Office B
$295.9K
$258.9K – $345.2K
NOI $20,712 @ 7.0% cap · market cap 5.93%
Second Best
Retail
$273.6K
$239.4K – $319.2K
NOI $19,152 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$431.9K
$377.9K – $503.9K
NOI $30,232 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 97101, OR
4,055
Population
1,397
Households
2.9
Avg Household Size
42
Median Age
20%
College-Educated
88%
High-School Grad
50.1 sq mi
ZIP Area
81
Density / Sq Mi
$105,061
Median Household Income
$55,254
Median Earnings
$1,413
Median Rent
$484,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Brick commercial building with office, flex, restroom, and break-room areas in a high-traffic corner setting.
Where is this office building located?
The property is located at 502 S Trade St Amity, OR.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1928 brick construction with the original bank vault; Approximately +/- 1,600 sq. ft. of front office space with large picture windows; Two flex rooms, including a private office and a storage room
