Industrial Building with Fenced
890 N Main St Independence, OR 97351
890 N Main St, Independence, OR, 97351
$674,900
For Sale
$674,900
Industrial building with open shop, mezzanine storage, two roll-up doors, and fenced yard space.
Property Size5,944 SF
Lot Size0.76 Acres
Price / SF$113.54
Days on Market123
Property Features for 890 N Main St
General Information
- Standard status
- Active
- Size
- 5,944 SF
- Lot size
- 0.76 Acres
Listing agency
Tree City Real Estate
(503) 757-1869
Listed by
Lizbeth Abbott
(503) 757-1869
Source
Exprealty
Added: Mar 22 Updated: Jul 21 at 9:18PM Checked: Jul 21 at 9:18PM
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 Tree City Real Estate
Investment Insights
Based on property information with market context.
Industrial property offering a flexible layout with a large open shop area, multiple work zones, mezzanine storage, and two roll-up doors for access. Interior features include multiple office spaces and 1.5 bathrooms, including a full bath with shower. The building is supported by industrial utilities such as three-phase power, multiple electrical panels, and existing compressed air infrastructure. Additional improvements include a chain hoist, security system, water heater, and climate control, with construction of masonry block and metal exterior on a concrete slab under a metal roof.
The property sits on busy N. Main Street / Highway 51 in Independence, providing high-visibility frontage within the city’s established industrial corridor. An attached secondary shop/garage adds further storage or workspace, and the site includes a fenced yard plus ample on-site parking.
The property sits on busy N. Main Street / Highway 51 in Independence, providing high-visibility frontage within the city’s established industrial corridor. An attached secondary shop/garage adds further storage or workspace, and the site includes a fenced yard plus ample on-site parking.
Key Highlights
- 0.76‑acre industrial property on N. Main St / Highway 51 in Independence with fenced yard and ample on‑site parking
- Approximately 5,944 SF building built in 1955 with masonry block & metal exterior on concrete slab and metal roof
- Large open shop area with high ceilings, multiple work zones, and two roll‑up doors for efficient access
Local Financial Insights For Flex RnD
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 | $99.9k | $16.80 |
| − Vacancy | −$6.0k | −$1.01 |
| EGI | $93.9k | $15.79 |
| − OpEx | −$32.9k | −$5.53 |
| NOI | $61.0k | $10.26 |
5,944 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,849 @ 7.0% cap · market cap 12.13%
Second Best
Warehouse
$905.1K
$792.0K – $1.06M
NOI $63,357 @ 7.0% cap · market cap 9.39%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,473 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tornado Soft Excavation ...
General Contractor
Maxim Equipment
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial building with open shop, mezzanine storage, two roll-up doors, and fenced yard space.
Where is this flex space located?
The property is located at 890 N Main St Independence, OR.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 0.76‑acre industrial property on N. Main St / Highway 51 in Independence with fenced yard and ample on‑site parking; Approximately 5,944 SF building built in 1955 with masonry block & metal exterior on concrete slab and metal roof; Large open shop area with high ceilings, multiple work zones, and two roll‑up doors for efficient access
