Retail Building on Highway
For Sale
Contact for pricing
815 NW Santiam Blvd, Mill City, OR
Stand-alone retail building with excellent parking and highway frontage.
Property Size2,464 SF
Lot Size0.55 Acres
Price / SF$213.07
Days on Market358
Property Features for 815 NW Santiam Blvd
General Information
Standard status
Active
Size
2,464 SF
Lot size
0.55 Acres
Property subtype
OFFICE
Listing Agency:
Gall Real Estate Services, LLC
(503) 559-9839
Listed By:
Jennifer Hand · License #960600193
(503) 559-9839
Source:
Moodyscre
Added: Aug 7, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:16AM
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 Gall Real Estate Services, LLC
Investment Insights
Based on property information with market context.
This stand-alone retail building features frontage on Highway 22 and offers approximately 2,464 square feet of space on a 0.55-acre lot. The property includes on-site parking. The building is currently used for retail sales and production, offering flexibility for various business operations. Existing equipment includes a hood, walk-in, and flat top. The property is suitable for retail sales and production.
Key Highlights
- Hwy. 22 Frontage
- Excellent On‑Site Parking
- Stand Alone Retail Building
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.5k | $32.28 |
| − Vacancy | −$25.5k | −$10.33 |
| EGI | $54.1k | $21.95 |
| − OpEx | −$13.5k | −$5.49 |
| NOI | $40.6k | $16.46 |
2,464 SF · lease $32.28/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$579.5K
$507.1K – $676.1K
NOI $40,564 @ 7.0% cap · market cap 7.73%
Second Best
Retail
$540.9K
$473.3K – $631.0K
NOI $37,860 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$717.8K
$628.1K – $837.5K
NOI $50,247 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
5,262 visits/mo
0.4 miles
U.S. Bank
Shops & Services
1,410 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Stand-alone retail building with excellent parking and highway frontage.
Where is this retail space located?
The property is located at 815 NW Santiam Blvd Mill City, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Hwy. 22 Frontage; Excellent On‑Site Parking; Stand Alone Retail Building
