Mixed-Use Property with
84755 HIGHWAY 101, Florence, OR 97439
For Sale
$275,000
CommercialSale, Florence, OR
Property Size2,062 SF
Lot Size0.38 Acres
Price / SF$133.37
Days on Market74
Property Features for 84755 HIGHWAY 101
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Business Included
Mixed-Use Components
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Water front
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Tim Stuart
(503) 680-4959
Added: Sep 1
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 185055148
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,062-square-foot mixed-use property includes a 1,064-square-foot main floor and a 998-square-foot apartment. The 1948 building has cement siding, a full basement, radiant heat, and a metal roof. Three additional structures, each approximately 198 square feet and equipped with power, provide storage. The property also includes shop areas and a setup with display cases and backdrops.
Located on Highway 101 in Florence, the site records approximately 10,500 vehicles per day according to ODOT AADT. A route behind the property allows golf cart access to the home without using stairs. The property is zoned PR and is being sold as-is.
Located on Highway 101 in Florence, the site records approximately 10,500 vehicles per day according to ODOT AADT. A route behind the property allows golf cart access to the home without using stairs. The property is zoned PR and is being sold as-is.
Key Highlights
- 2,062‑square‑foot property with a 1,064‑square‑foot main floor and 998‑square‑foot apartment
- Three outbuildings, approximately 198 sq.ft. each, with power
- Highway 101 location with approximately 10,500 vehicles per day (ODOT AADT)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,878
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,560
$417.6K
Cap Rate 7%
$298,257
$298.3K
Cap Rate 9%
$231,978
$232.0K
Market Conditions
NOI Build-Up for 2,062 SF
Gross rent
$37.1K $18.00/SF
− Vacancy
−$3.7K −$1.80/SF
EGI
$33.4K $16.20/SF
− OpEx
−$12.5K −$6.07/SF
NOI
$20.9K $10.13/SF
Area
Lane County, OR
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,560
Cap Rate 7%
$298,257
Cap Rate 9%
$231,978
Alternative Uses
Best Use
Retail
$377.7K
$330.5K – $440.6K
NOI $26,436 @ 7.0% cap · market cap 9.61%
Second Best
Mixed Use
$298.3K
$261.0K – $348.0K
NOI $20,878 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$521.7K
$456.5K – $608.6K
NOI $36,516 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
10,500 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 97439, OR
15,634
Population
9,056
Households
1.7
Avg Household Size
62
Median Age
27%
College-Educated
92%
High-School Grad
168.3 sq mi
ZIP Area
93
Density / Sq Mi
$58,576
Median Household Income
$36,146
Median Earnings
$1,164
Median Rent
$364,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three separate powered buildings offer additional storage alongside the main property.
Where is this mixed-use property located?
The property is located at 84755 HIGHWAY 101 Florence, OR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,062‑square‑foot property with a 1,064‑square‑foot main floor and 998‑square‑foot apartment; Three outbuildings, approximately 198 sq.ft. each, with power; Highway 101 location with approximately 10,500 vehicles per day (ODOT AADT)
