Versatile Commercial Building with River
For Sale
$499,990
77231 Highway 101, Gardiner, OR 97441
Commercial property with operating space, river views, and live/work opportunity.
Property Size3,871 SF
Lot Size0.11 Acres
Price / SF$129.16
Days on Market253
Property Features for 77231 Highway 101
General Information
Standard status
Active
Size
3,871 SF
Lot size
0.11 Acres
Taxes and HOA fees
Annual Taxes
$1,022
Listing Agency:
Mast Realty Group
(541) 824-0070
Listed By:
Norm Lacey · License #200602208
(541) 999-8994
Source:
Exprealty
Added: Jan 26
Changed: Sep 14
Last Checked: Oct 5 at 8:20PM
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 Mast Realty Group
Investment Insights
Based on property information with market context.
This commercial building offers 3,871 sq ft of operating space on 0.11 acres in Gardiner, Oregon. Situated along Highway 101, the property provides visibility and views of the Umpqua River. The building presents a live/work opportunity with a livable area in the back that includes a kitchen, bathroom, and utilities. The property features a storefront with display windows, separate office space, and a dedicated bathroom. A spacious room with a garage door is suitable for receiving shipments or creating a showroom. A large back area is ideal for production, storage, or workshop space. The property also includes a loft area with high ceilings, 220V power, a heating system, and a pellet stove.
Key Highlights
- Prime Hwy 101 frontage with excellent visibility and Umpqua River views.
- 3,871 sq ft of versatile commercial space on 0.11 acres.
- Live/work opportunity with livable area including kitchen, bathroom, and utilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,454
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,080
$669.1K
Cap Rate 7%
$477,914
$477.9K
Cap Rate 9%
$371,711
$371.7K
Market Conditions
NOI Build-Up for 3,871 SF
Gross rent
$53.4K $13.80/SF
− Vacancy
−$8.8K −$2.28/SF
EGI
$44.6K $11.52/SF
− OpEx
−$11.2K −$2.88/SF
NOI
$33.5K $8.64/SF
Area
Douglas County, OR
Vacancy
16.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,080
Cap Rate 7%
$477,914
Cap Rate 9%
$371,711
Alternative Uses
Best Use
Retail
$658.5K
$576.2K – $768.2K
NOI $46,092 @ 7.0% cap · market cap 9.22%
Second Best
Office B
$477.9K
$418.2K – $557.6K
NOI $33,454 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$670.0K
$586.2K – $781.7K
NOI $46,899 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 97441, OR
268
Population
150
Households
1.8
Avg Household Size
55
Median Age
39%
College-Educated
100%
High-School Grad
27.6 sq mi
ZIP Area
10
Density / Sq Mi
$135,567
Median Household Income
$65,735
Median Earnings
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Live-work space - Commercial property with operating space, river views, and live/work opportunity.
Where is this live-work space located?
The property is located at 77231 Highway 101 Gardiner, OR.
What is the asking price?
The asking price for this property is $499,990.
What are key features of this property?
This property features: Prime Hwy 101 frontage with excellent visibility and Umpqua River views.; 3,871 sq ft of versatile commercial space on 0.11 acres.; Live/work opportunity with livable area including kitchen, bathroom, and utilities.
