Turnkey Gas Station and
For Sale
$735,000
5818 NE 35TH PL, Portland, OR 97444
Operational Sinclair gas station and mini-mart with newly installed pumps and underground storage tanks.
Property Size2,034 SF
Days on Market46
Property Features for 5818 NE 35TH PL
General Information
Standard status
Active
Size
2,034 SF
Property subtype
Single Family Residence
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
2,034 SF
Year Built
1980
Listing Agency:
Oregon First
(503) 667-5686
Listed By:
Emily Hetrick · License #201216832
(503) 927-3663
Source:
Realestatepdx
Added: Jun 25
Changed: Aug 7
Last Checked: Aug 9 at 4:25AM
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 Oregon First
Investment Insights
Based on property information with market context.
This turnkey Sinclair gas station and mini-mart is offered with the business and real estate. The property features new 5 gas pumps and two new fiberglass double-walled underground storage tanks. The c-store and gas business have both been remodeled, and there is a new 12-year Sinclair fuel contract included with the offering.
Located on busy Highway 101 in Gold Beach, Oregon, the station is positioned for visibility and customer traffic, supported by proximity to hotels, restaurants, the hospital, the airport, and downtown.
The sale is structured for an investor or operator seeking a fully operational convenience store and fueling operation with recently updated core infrastructure.
Located on busy Highway 101 in Gold Beach, Oregon, the station is positioned for visibility and customer traffic, supported by proximity to hotels, restaurants, the hospital, the airport, and downtown.
The sale is structured for an investor or operator seeking a fully operational convenience store and fueling operation with recently updated core infrastructure.
Key Highlights
- Operational Sinclair gas station and mini‑mart on busy Highway 101 in Gold Beach, Oregon
- NEW 5 gas pumps
- Two brand‑new fiberglass double‑walled underground storage tanks
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
$27,386
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
3.73%
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%
$547,720
$547.7K
Cap Rate 7%
$391,229
$391.2K
Cap Rate 9%
$304,289
$304.3K
Market Conditions
NOI Build-Up for 2,034 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
$39.1K $19.20/SF
− Vacancy
−$2.5K −$1.25/SF
EGI
$36.5K $17.95/SF
− OpEx
−$9.1K −$4.49/SF
NOI
$27.4K $13.46/SF
Area
Portland, OR
Vacancy
6.50%
Lease Rate
$19.20 /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%
$547,720
Cap Rate 7%
$391,229
Cap Rate 9%
$304,289
Alternative Uses
Best Use
Specialty Retail
$391.2K
$342.3K – $456.4K
NOI $27,386 @ 7.0% cap · market cap 3.73%
Second Best
Retail
$338.7K
$296.3K – $395.1K
NOI $23,706 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$571.2K
$499.8K – $666.4K
NOI $39,984 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Explore this area
Business Placement
Demographics for 97444, OR
5,471
Population
3,347
Households
1.6
Avg Household Size
57
Median Age
22%
College-Educated
94%
High-School Grad
163.1 sq mi
ZIP Area
34
Density / Sq Mi
$64,600
Median Household Income
$41,789
Median Earnings
$1,086
Median Rent
$396,000
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Operational Sinclair gas station and mini-mart with newly installed pumps and underground storage tanks.
Where is this gas station located?
The property is located at 5818 NE 35TH PL Portland, OR.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Operational Sinclair gas station and mini‑mart on busy Highway 101 in Gold Beach, Oregon; NEW 5 gas pumps; Two brand‑new fiberglass double‑walled underground storage tanks
