Gas Station With Convenience
For Sale
$499,000
8241 SW Jordan Road, Culver, OR 97734
Includes fuel infrastructure, a convenience store, and a two-bedroom manufactured home on commercially zoned land.
Property Size2,648 SF
Days on Market39
Property Features for 8241 SW Jordan Road
General Information
Standard status
Active
Size
2,648 SF
Property subtype
Commercial
Zoning
CC
Additional Details
Business Included
Yes
Fuel Pumps
3
Taxes and HOA fees
Annual Taxes
$1,781
Building Details
Building Size
2,648 SF
Year Built
1972
Buildings
2
Stories
1
Units
2
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
E Lamar Yoder · License #201207796
Source:
Allprofessionalsre
Added: Jun 30
Changed: Aug 5
Last Checked: Aug 6 at 12:20PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This gas station property includes the Lake Chinook Village Convenience Store, three above-ground fuel pumps with tanks, and a two-bedroom, two-bath manufactured home. Improvements also include a commercial well, three tax lots, and four separate site addresses. The property is zoned CC, and the recorded year built is 1972.
The site is adjacent to the Billy Chinook Airstrip near Lake Billy Chinook, with an address on SW Jordan Road in Culver, Oregon. A completed Phase I Environmental Study is included among the property information. The combination of retail, fuel, residential, water, and aviation-adjacent components creates a varied commercial property profile, with any additional uses subject to buyer due diligence and county approval.
The site is adjacent to the Billy Chinook Airstrip near Lake Billy Chinook, with an address on SW Jordan Road in Culver, Oregon. A completed Phase I Environmental Study is included among the property information. The combination of retail, fuel, residential, water, and aviation-adjacent components creates a varied commercial property profile, with any additional uses subject to buyer due diligence and county approval.
Key Highlights
- Convenience store and gas station included
- Three above‑ground fuel pumps with tanks
- Two‑bedroom, two‑bath manufactured home
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
$24,454
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
4.90%
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%
$489,080
$489.1K
Cap Rate 7%
$349,343
$349.3K
Cap Rate 9%
$271,711
$271.7K
Market Conditions
NOI Build-Up for 2,648 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
$35.9K $13.56/SF
− Vacancy
−$973 −$0.37/SF
EGI
$34.9K $13.19/SF
− OpEx
−$10.5K −$3.96/SF
NOI
$24.5K $9.23/SF
Area
Jefferson County, OR
Vacancy
2.71%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
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%
$489,080
Cap Rate 7%
$349,343
Cap Rate 9%
$271,711
Alternative Uses
Best Use
Specialty Retail
$1.14M
$1.00M – $1.33M
NOI $80,076 @ 7.0% cap · market cap 16.05%
Second Best
Retail
$911.3K
$797.4K – $1.06M
NOI $63,793 @ 7.0% cap · market cap 12.78%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 97734, OR
3,167
Population
2,047
Households
1.5
Avg Household Size
42
Median Age
13%
College-Educated
90%
High-School Grad
173.4 sq mi
ZIP Area
18
Density / Sq Mi
$78,325
Median Household Income
$40,831
Median Earnings
$1,084
Median Rent
$307,700
Median Home Value
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?
Gas station - Includes fuel infrastructure, a convenience store, and a two-bedroom manufactured home on commercially zoned land.
Where is this gas station located?
The property is located at 8241 SW Jordan Road Culver, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Convenience store and gas station included; Three above‑ground fuel pumps with tanks; Two‑bedroom, two‑bath manufactured home
