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    Retail Building on Highway Frontage Title is generated by Realmo AI

    815 NW Santiam Blvd, Mill City, OR

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    Stand-alone retail building with excellent parking and highway frontage.

    Type:OFFICE
    Property size:
    2,464 SF
    Lot size:
    0.55 Acres
    Price / SF:
    $213/SF
    Added:
    Aug 7, 2025
    Days on Market:
    313
    Last Refresh:
    May 19 at 8:28 pm

    Property Features for 815 NW Santiam Blvd

    General Information

    Standard status
    Active
    Size
    2,464 SF
    Lot size
    0.55 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Jennifer Hand
    Jennifer Hand

    Listing agent Jennifer Hand License #960600193

    Listing office Gall Real Estate Services, LLC

    Listing date Aug 7, 2025

    Source Moodyscre

    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

    HighLights

    • Hwy. 22 Frontage
    • Excellent On‑Site Parking
    • Stand Alone Retail Building
    • Approx. 2,464 SF on .55 Acre
    • Hood, Walk‑in and Flat Top Included
    • Flexible Use (Retail Sales and Production)

    Overview

    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.

    Local 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 (±1% cap)
    NOI $40,564 @ 7.0% cap · market cap 7.73%
    Second Best
    Retail
    $540.9K
    $473.3K – $631.0K (±1% cap)
    NOI $37,860 @ 7.0% cap · market cap 7.21%
    Theoretical Best
    Office A
    $717.8K
    $628.1K – $837.5K (±1% cap)
    NOI $50,247 @ 7.0% cap · market cap 9.57%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rex Images Promotions (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Department Store Food Market Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mill City
    County
    Linn
    State
    Oregon
    Longitude
    -122.486
    Latitude
    44.7576

    FAQs

    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
    (503) 559-9839 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jennifer Hand
    Jennifer Hand
    Real Estate License ID: 960600193
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