Building Details

Building Size 3,030 SF

Year Built 1999

Listing Agency: Keller Williams Southern Oregon-Umpqua Valley

Listed By: Mary Gilbert · License #951100030 Show Phone

Source: Duanejohnson

Added: Oct 22 Changed: Oct 29 Last Checked: Oct 29 at 7:13PM

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Investment Insights

Based on property information with market context.

This mixed-use property in Winchester pairs a 3,030-square-foot home with a 2,000-square-foot shop, for more than 5,000 square feet of total space. Built in 1999, the residence has an unfinished main level that can be configured to suit the next occupant’s needs. The shop provides additional space for business activity, workshop use, or storage. The property is described as suitable for residential and commercial use.

The site fronts NE Stephens Street, also identified as Old Highway 99, and has parking for up to 16 vehicles. A seasonal creek runs at the back of the property.

Key Highlights

• 3,030‑square‑foot home and 2,000‑square‑foot shop
• More than 5,000 square feet of total space
• Parking for up to 16 vehicles

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,186

Cap Rate

6.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$523,720 $523.7K

Cap Rate 7%

$374,086 $374.1K

Cap Rate 9%

$290,956 $291.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,030 SF

Gross rent

$41.8K $13.80/SF

− Vacancy

−$6.9K −$2.28/SF

EGI

$34.9K $11.52/SF

− OpEx

−$8.7K −$2.88/SF

NOI

$26.2K $8.64/SF

Area

Douglas County, OR

Vacancy

16.50%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$523,720

Cap Rate 7%

$374,086

Cap Rate 9%

$290,956

Alternative Uses

Best Use

Office B

$374.1K

$327.3K – $436.4K (±1% cap)

NOI $26,186 @ 7.0% cap · market cap 6.16%

Second Best

Mixed Use

$300.3K

$262.8K – $350.4K (±1% cap)

NOI $21,021 @ 7.0% cap · market cap 4.95%

Theoretical Best

Specialty Retail

$524.4K

$458.9K – $611.8K (±1% cap)

NOI $36,710 @ 7.0% cap · market cap 8.64%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Big Box & Wholesale Store Auto Repair Shop Hair Salon

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

52

Businesses Nearby

Explore this area Business Placement

Demographics for 97495, OR

1,706

Population

800

Households

2.1

Avg Household Size

52

Median Age

38%

College-Educated

90%

High-School Grad

7.3 sq mi

ZIP Area

234

Density / Sq Mi

$75,385

Median Household Income

$75,724

Median Earnings

$1,144

Median Rent

$440,000

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

Frequently Asked Questions

What type of property is this?

Mixed-use property - A residence and substantial shop space offer a flexible setting for combined living and business use.

Where is this mixed-use property located?

The property is located at 5565 NE Stephens St Winchester, OR.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 3,030‑square‑foot home and 2,000‑square‑foot shop; More than 5,000 square feet of total space; Parking for up to 16 vehicles