Insulated Flex Space with Roll-Up
For Sale
$549,900
877 Jefferson Ave, Metolius, OR 97741
Newer commercial space with gated entry, security fencing, and practical shop improvements.
Property Size2,500 SF
Lot Size0.45 Acres
Price / SF$219.96
Days on Market36
Property Features for 877 Jefferson Ave
General Information
Standard status
Active
Size
2,500 SF
Lot size
0.45 Acres
Warehouse & Industrial
Clear Height
16 ft
Power
400 amps
Additional Details
Fenced Yard
Yes
Building Details
Year Built
2022
Buildings
1
Building Size
2,500 SF
Listing Agency:
Signet Realty
(541) 350-4859
Listed By:
Ali K. Stensgar-Alire · License #200509034
Source:
Homesaligned
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 29 at 11:56AM
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 Signet Realty
Investment Insights
Based on property information with market context.
Constructed in 2022, this 2,500-square-foot insulated commercial flex building occupies a 0.45-acre property at 877 Jefferson Ave in Metolius, Oregon. The shop offers 16-foot interior ceilings, sealed concrete floors, two windows, and a separate man door. A 200,000 BTU propane heater provides building heat, while 400-amp electrical service supports commercial operations.
Access is provided by three 12-foot roll-up doors, including one equipped with an opener. The property is fully security fenced and includes a gated entry. The offering encompasses seven lots, adding a broader parcel configuration to the existing shop improvements. Its Central Oregon setting places the property near Lake Billy Chinook, Lake Simtustus, and Haystack Reservoir.
Access is provided by three 12-foot roll-up doors, including one equipped with an opener. The property is fully security fenced and includes a gated entry. The offering encompasses seven lots, adding a broader parcel configuration to the existing shop improvements. Its Central Oregon setting places the property near Lake Billy Chinook, Lake Simtustus, and Haystack Reservoir.
Key Highlights
- 2,500‑square‑foot commercial building constructed in 2022
- 0.45‑acre property totaling 19,602 sq ft across seven lots
- Three 12‑foot roll‑up doors, including one with opener
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
$34,047
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
6.19%
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%
$680,940
$680.9K
Cap Rate 7%
$486,386
$486.4K
Cap Rate 9%
$378,300
$378.3K
Market Conditions
NOI Build-Up for 2,500 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
$54.0K $21.60/SF
− Vacancy
−$1.6K −$0.65/SF
EGI
$52.4K $20.95/SF
− OpEx
−$18.3K −$7.33/SF
NOI
$34.0K $13.62/SF
Area
Jefferson County, OR
Vacancy
3.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
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%
$680,940
Cap Rate 7%
$486,386
Cap Rate 9%
$378,300
Alternative Uses
Best Use
Flex RnD
$486.4K
$425.6K – $567.5K
NOI $34,047 @ 7.0% cap · market cap 6.19%
Second Best
Warehouse
$400.5K
$350.4K – $467.2K
NOI $28,034 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$1.08M
$945.0K – $1.26M
NOI $75,600 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97741, OR
13,753
Population
4,777
Households
2.9
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
363.9 sq mi
ZIP Area
38
Density / Sq Mi
$69,696
Median Household Income
$37,641
Median Earnings
$993
Median Rent
$308,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Newer commercial space with gated entry, security fencing, and practical shop improvements.
Where is this flex space located?
The property is located at 877 Jefferson Ave Metolius, OR.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 2,500‑square‑foot commercial building constructed in 2022; 0.45‑acre property totaling 19,602 sq ft across seven lots; Three 12‑foot roll‑up doors, including one with opener
