Downtown Mixed-Use Investment
For Sale
$1,295,000
622 SE Jackson St, Roseburg, OR 97470
Historic mixed-use building with fully leased street-front retail suites and remodeled income-producing upper-level space.
Property Size20,795 SF
Price / SF$62.27
Days on Market68
Property Features for 622 SE Jackson St
General Information
Standard status
Active
Size
20,795 SF
Additional Details
Opportunity Zone
Yes
Multifamily Units
7
Amenities
on-site parking
basement storage
Building Details
Year Built
1910
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Southern Oregon-Umpqua Valley
Listed By:
Mary Gilbert · License #951100030
(541) 529-2320
Source:
Evokepropertypartners
Added: Jul 3
Changed: Sep 8
Last Checked: Sep 8 at 4:38AM
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 Keller Williams Southern Oregon-Umpqua Valley
Investment Insights
Based on property information with market context.
A historic mixed-use building combining street-front commercial space with extensively remodeled upper-level units. The ground floor includes three fully leased, street-front commercial suites: Draper’s, Serendipity, and the Art Gallery. The second story has been remodeled and repositioned for income-producing use, adapting a former banquet and event space into a medium-term rental/Airbnb-style suite, with additional suites on the upper level that share kitchen and bathroom facilities.
The building is located downtown at 622 Southeast Jackson Street in Roseburg. On-site parking is available, including street-front and private rear spaces, and the property also includes basement storage to support day-to-day operations.
The upper level currently supports seven residential-style units, offering flexibility for continued short-term/medium-term rental operations or alternative use such as office conversion or a hybrid live/work model. The property is identified as being within a designated Opportunity Zone.
The building is located downtown at 622 Southeast Jackson Street in Roseburg. On-site parking is available, including street-front and private rear spaces, and the property also includes basement storage to support day-to-day operations.
The upper level currently supports seven residential-style units, offering flexibility for continued short-term/medium-term rental operations or alternative use such as office conversion or a hybrid live/work model. The property is identified as being within a designated Opportunity Zone.
Key Highlights
- Historic Kohlhagen Building built in 1910 featuring mixed‑use income on multiple levels
- Ground floor has 3 fully leased, street‑front commercial suites: Draper’s, Serendipity, and the Art Gallery
- Second story extensively remodeled into an income‑producing medium‑term rental / Airbnb‑style suite converted from former banquet/event space
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
$100,094
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
7.73%
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%
$2,001,880
$2.0M
Cap Rate 7%
$1,429,914
$1.4M
Cap Rate 9%
$1,112,156
$1.1M
Market Conditions
NOI Build-Up for 20,795 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
$194.6K $9.36/SF
− Vacancy
−$12.7K −$0.61/SF
EGI
$182.0K $8.75/SF
− OpEx
−$81.9K −$3.94/SF
NOI
$100.1K $4.81/SF
Area
Douglas County, OR
Vacancy
6.50%
Lease Rate
$9.36 /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%
$2,001,880
Cap Rate 7%
$1,429,914
Cap Rate 9%
$1,112,156
Alternative Uses
Best Use
Retail
$3.54M
$3.10M – $4.13M
NOI $247,606 @ 7.0% cap · market cap 19.12%
Second Best
Mixed Use
$2.06M
$1.80M – $2.40M
NOI $144,265 @ 7.0% cap · market cap 11.14%
Theoretical Best
Specialty Retail
$3.60M
$3.15M – $4.20M
NOI $251,941 @ 7.0% cap · market cap 19.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,329
Businesses Nearby
Explore this area
Business Placement
Demographics for 97470, OR
20,160
Population
8,872
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
92%
High-School Grad
180.9 sq mi
ZIP Area
111
Density / Sq Mi
$53,875
Median Household Income
$32,461
Median Earnings
$1,037
Median Rent
$246,500
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?
Mixed-use property - Historic mixed-use building with fully leased street-front retail suites and remodeled income-producing upper-level space.
Where is this mixed-use property located?
The property is located at 622 SE Jackson St Roseburg, OR.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Historic Kohlhagen Building built in 1910 featuring mixed‑use income on multiple levels; Ground floor has 3 fully leased, street‑front commercial suites: Draper’s, Serendipity, and the Art Gallery; Second story extensively remodeled into an income‑producing medium‑term rental / Airbnb‑style suite converted from former banquet/event space
