Riverfront Convenience Store with
For Sale
$410,000
7550 Logsden Road, Logsden, OR 97357
Commercial Sale, Logsden, OR
Property Size3,557 SF
Lot Size0.50 Acres
Price / SF$115.27
Days on Market868
Property Features for 7550 Logsden Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2 General Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Parking
10
Parking features
Open, RV
Security features
Security System
Window features
Double Pane Windows, Vinyl Frames
Fencing
Barbed Wire
Appliances
Dishwasher, Microwave, Electric Oven, Electric Range, Water Heater, Refrigerator
Lot features
Level
View
River
Directions
From Newport east on Hwy 20, left on Why 229 through Siletz to east on Logsden Rd approx. 7.2 miles to property on the right.
Standard status
Active
APN
09093300-901-00
Size
3,557 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
3014
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Water source
Well
Water front
1
Amenities
riverfront
fishing holes
parking
washer/dryer hook up
Building Details
Year built
1968
Floors in Building
2
Flooring type
Vinyl, Wood
Building materials
Block, Concrete, Stucco, Cedar
Roof type
Metal
Listing Agency:
Emerald Coast Realty - Depoe Bay
(541) 283-3592
Listed By:
Anita Quilici · License #200004027
(541) 992-5195
Added: Apr 6, 2024
Changed: Aug 20
Last Checked: Aug 21 at 9:06AM
MLS# LC-100818
Copyright © 2026 Oregon Coast MLS. 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 riverfront convenience store property includes a local grocery and gas operation together with residential living space. The offering is sited on a total of 1.82 acres, made up of a 0.5-acre lot plus an additional 1.32-acre riverfront parcel featuring salmon fishing holes. The Logsden Country Store includes grocery, gas, a post office, and a deli, and the property description notes rotating inventory included.
The main building is described as being in great condition with fresh paint, gutters, and landscaping. A two-bedroom, one-bath apartment is located on the back of the commercial space and includes washer/dryer hook up.
Constructed in 1968, the building features block, concrete, stucco, and cedar construction with a metal roof. Flooring includes wood and vinyl. Utilities noted include well water with a septic tank sewer system, and appliances listed include a dishwasher, microwave, electric oven, electric range, water heater, and refrigerator. Parking is described as including RV and open parking, and fencing is barbed wire.
The main building is described as being in great condition with fresh paint, gutters, and landscaping. A two-bedroom, one-bath apartment is located on the back of the commercial space and includes washer/dryer hook up.
Constructed in 1968, the building features block, concrete, stucco, and cedar construction with a metal roof. Flooring includes wood and vinyl. Utilities noted include well water with a septic tank sewer system, and appliances listed include a dishwasher, microwave, electric oven, electric range, water heater, and refrigerator. Parking is described as including RV and open parking, and fencing is barbed wire.
Key Highlights
- Total 1.82 acres includes a 0.5‑acre lot plus an additional 1.32‑acre riverfront parcel
- Riverfront parcel includes salmon fishing holes
- C‑2 General Commercial zoning
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
$36,994
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
9.02%
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%
$739,880
$739.9K
Cap Rate 7%
$528,486
$528.5K
Cap Rate 9%
$411,044
$411.0K
Market Conditions
NOI Build-Up for 3,557 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
$51.2K $14.40/SF
− Vacancy
−$1.9K −$0.53/SF
EGI
$49.3K $13.87/SF
− OpEx
−$12.3K −$3.47/SF
NOI
$37.0K $10.40/SF
Area
Lincoln County, OR
Vacancy
3.70%
Lease Rate
$14.40 /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%
$739,880
Cap Rate 7%
$528,486
Cap Rate 9%
$411,044
Alternative Uses
Best Use
Retail
$618.4K
$541.1K – $721.5K
NOI $43,290 @ 7.0% cap · market cap 10.56%
Second Best
Specialty Retail
$528.5K
$462.4K – $616.6K
NOI $36,994 @ 7.0% cap · market cap 9.02%
Theoretical Best
Office A
$927.8K
$811.8K – $1.08M
NOI $64,945 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97357, OR
307
Population
107
Households
2.9
Avg Household Size
58
Median Age
2%
College-Educated
100%
High-School Grad
19.0 sq mi
ZIP Area
16
Density / Sq Mi
$26,146
Median Earnings
$445,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - C-2 zoned riverfront convenience store with gas and 2-bedroom apartment plus parking for RVs.
Where is this grocery and convenience store located?
The property is located at 7550 Logsden Road Logsden, OR.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Total 1.82 acres includes a 0.5‑acre lot plus an additional 1.32‑acre riverfront parcel; Riverfront parcel includes salmon fishing holes; C‑2 General Commercial zoning
