Freestanding Retail Building with Covered Rear
687 E Central Ave, Sutherlin, OR 97479
For Sale
New
$275,000
A flexible interior, established signage and paved customer parking support a range of commercial business formats.
Property Size992 SF
Price / SF$277.22
Days on Market3
Property Features for 687 E Central Ave
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Year Built
Buildings
Listing Agency:
Different Better Real Estate
Listed By:
Anthony Beckham · License #201219887
(541) 236-2662
Source:
Handrisrealty
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 9:23AM
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 Different Better Real Estate
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Investment Insights
Based on property information with market context.
Positioned along E Central Avenue in Sutherlin, this freestanding retail building contains 992 square feet and was constructed in 2000. Its interior centers on a vaulted main room with natural light, recessed lighting and a reception counter, complemented by two private rooms, a utility area with sink and cabinetry, and a spacious restroom.
The site has prominent street signage, established landscaping and paved parking, including designated accessible spaces. Multiple entrances serve the building, with covered rear access from a former drive-through area. Nearby businesses include Les Schwab, Bi-Mart and Dollar General.
The site has prominent street signage, established landscaping and paved parking, including designated accessible spaces. Multiple entrances serve the building, with covered rear access from a former drive-through area. Nearby businesses include Les Schwab, Bi-Mart and Dollar General.
Key Highlights
- 992‑square‑foot freestanding building along E Central Avenue
- Built in 2000; originally designed for credit union use
- Vaulted main room with natural light, recessed lighting and reception counter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,812
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,240
$236.2K
Cap Rate 7%
$168,743
$168.7K
Cap Rate 9%
$131,244
$131.2K
Market Conditions
NOI Build-Up for 992 SF
Gross rent
$17.9K $18.00/SF
− Vacancy
−$982 −$0.99/SF
EGI
$16.9K $17.01/SF
− OpEx
−$5.1K −$5.10/SF
NOI
$11.8K $11.91/SF
Area
Douglas County, OR
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$236,240
Cap Rate 7%
$168,743
Cap Rate 9%
$131,244
Alternative Uses
Best Use
Retail
$168.7K
$147.7K – $196.9K
NOI $11,812 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$171.7K
$150.2K – $200.3K
NOI $12,019 @ 7.0% cap · market cap 4.37%
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
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Bi-Mart
Shops & Services
12,677 visits/mo
0.1 miles
Dollar General
Shops & Services
8,363 visits/mo
0.1 miles
First Community Credit Union
Shops & Services
2,502 visits/mo
0.1 miles
Les Schwab Tire Center
Shops & Services
1,877 visits/mo
0.0 miles
Demographics for 97479, OR
10,161
Population
4,759
Households
2.1
Avg Household Size
47
Median Age
15%
College-Educated
94%
High-School Grad
67.5 sq mi
ZIP Area
151
Density / Sq Mi
$56,493
Median Household Income
$36,867
Median Earnings
$1,207
Median Rent
$281,500
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - A flexible interior, established signage and paved customer parking support a range of commercial business formats.
Where is this retail space located?
The property is located at 687 E Central Ave Sutherlin, OR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 992‑square‑foot freestanding building along E Central Avenue; Built in 2000; originally designed for credit union use; Vaulted main room with natural light, recessed lighting and reception counter
