Corner Automotive Service
For Sale
$260,000
86065 Territorial Hwy, Veneta, OR 97487
The building has dual RC/RR2 zoning plus a separate office or storage room.
Property Size2,800 SF
Days on Market31
Property Features for 86065 Territorial Hwy
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Commercial
Zoning
RC/RR2
Taxes and HOA fees
Annual Taxes
$2,394
Building Details
Building Size
2,800 SF
Year Built
1902
Listing Agency:
Keller Williams Realty Eugene and Springfield
(541) 204-2439
Listed By:
Stephanie Tegge
(541) 204-2439
Source:
Allprofessionalsre
Added: Jul 23
Changed: Aug 21
Last Checked: Aug 21 at 6:26AM
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 Keller Williams Realty Eugene and Springfield
Investment Insights
Based on property information with market context.
This commercial building was constructed in 1902 and formerly operated as an automotive service shop. The interior includes a bathroom and a distinct room that can serve as office or storage space. Dual RC/RR2 zoning is identified for the property, with live/work use noted as a possibility subject to verification with the local jurisdiction.
The property occupies a corner at Central Rd. and Territorial Hwy. in Veneta, providing direct access from two roads and a prominent roadside position. Its configuration may suit an owner-user, investor, or small business seeking an automotive-oriented building with additional support space.
The property occupies a corner at Central Rd. and Territorial Hwy. in Veneta, providing direct access from two roads and a prominent roadside position. Its configuration may suit an owner-user, investor, or small business seeking an automotive-oriented building with additional support space.
Key Highlights
- Former automotive service shop with bathroom
- Separate office or storage room
- Dual RC/RR2 zoning
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
$16,899
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
6.50%
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%
$337,980
$338.0K
Cap Rate 7%
$241,414
$241.4K
Cap Rate 9%
$187,767
$187.8K
Market Conditions
NOI Build-Up for 2,800 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
$25.2K $9.00/SF
− Vacancy
−$1.1K −$0.38/SF
EGI
$24.1K $8.62/SF
− OpEx
−$7.2K −$2.59/SF
NOI
$16.9K $6.04/SF
Area
Lane County, OR
Vacancy
4.20%
Lease Rate
$9.00 /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%
$337,980
Cap Rate 7%
$241,414
Cap Rate 9%
$187,767
Alternative Uses
Best Use
Office B
$554.1K
$484.9K – $646.5K
NOI $38,788 @ 7.0% cap · market cap 14.92%
Second Best
Retail
$512.8K
$448.7K – $598.3K
NOI $35,897 @ 7.0% cap · market cap 13.81%
Theoretical Best
Office A
$708.4K
$619.8K – $826.4K
NOI $49,586 @ 7.0% cap · market cap 19.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97487, OR
9,286
Population
4,038
Households
2.3
Avg Household Size
44
Median Age
17%
College-Educated
93%
High-School Grad
72.8 sq mi
ZIP Area
128
Density / Sq Mi
$64,973
Median Household Income
$43,030
Median Earnings
$1,412
Median Rent
$334,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Original Glass Tinter Custom Automotive Window Tinting — 25226 Vaughn Rd, Veneta, OR 97487
- Bloom's Automania — 25275 Vaughn Rd, Veneta, OR 97487
Frequently Asked Questions
What type of property is this?
Auto shop - The building has dual RC/RR2 zoning plus a separate office or storage room.
Where is this auto shop located?
The property is located at 86065 Territorial Hwy Veneta, OR.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Former automotive service shop with bathroom; Separate office or storage room; Dual RC/RR2 zoning
