Building Details

Year built 1999

Building materials FullBasement, MetalFrame, MetalSiding

Roof type Metal

Listing Agency: Keller Williams Southern Oregon-Umpqua Valley · Keller Williams Realty k***@kw.com Show Phone

Listed By: Mary Gilbert · License #951100030 Show Phone

Added: Jul 23, 2025 Changed: Sep 30 Last Checked: Oct 14 at 10:06AM

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MLS# 754411558

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property combines a 3,030-square-foot structure with a separate 2,000-square-foot shop, creating more than 5,000 square feet of total space. Built in 1999, the main building has a solid metal-frame construction with metal siding, a full basement, and an unfinished main level that can be configured for residential, office, or combined use. The shop provides additional room for workshop activities, business operations, or storage.

The property occupies 0.25 acres at 5565 NE Stephens Street in Winchester, along Old Highway 99. On-site parking accommodates up to 16 vehicles, while a seasonal creek crosses the rear portion of the property. The combination of building area, shop space, parking, and mixed-use configuration supports a range of commercial and residential arrangements.

Key Highlights

• 3,030‑square‑foot main structure plus a 2,000‑square‑foot shop
• More than 5,000 square feet of total space
• 0.25‑acre property along NE Stephens Street, also known as Old Highway 99

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,238

Cap Rate

6.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$544,760 $544.8K

Cap Rate 7%

$389,114 $389.1K

Cap Rate 9%

$302,644 $302.6K

Market Conditions

NOI Build-Up for 3,030 SF

Gross rent

$45.5K $15.00/SF

− Vacancy

−$3.5K −$1.17/SF

EGI

$41.9K $13.83/SF

− OpEx

−$14.7K −$4.84/SF

NOI

$27.2K $8.99/SF

Area

Douglas County, OR

Vacancy

7.80%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$544,760

Cap Rate 7%

$389,114

Cap Rate 9%

$302,644

Alternative Uses

Best Use

Flex RnD

$389.1K

$340.5K – $454.0K (±1% cap)

NOI $27,238 @ 7.0% cap · market cap 6.41%

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

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Open Analytics

Current Use

Flex 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

Highway access

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 Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 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?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Flexible commercial and residential configuration with an unfinished main level and separate workshop area.

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 main structure plus a 2,000‑square‑foot shop; More than 5,000 square feet of total space; 0.25‑acre property along NE Stephens Street, also known as Old Highway 99