Industrial Property with Office
2221 Yew St Forest Grove, OR 97116
2221 Yew St, Forest Grove, OR, 97116
Contact for pricing
For Sale
Contact for pricing
Industrial property featuring office, manufacturing, and storage spaces for sale.
Property Size11,921 SF
Lot Size0.96 Acres
Price / SF$124.15
Days on Market1153
Property Features for 2221 Yew St
General Information
- Standard status
- Active
- Size
- 11,921 SF
- Lot size
- 0.96 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2000
Listing Agency
Fuller Group
(503) 367-0516
Listed by
Steven Hunker, CCIM · License #OR #201207305
Source
Crexi
Added: May 25, 2023 Updated: Jul 6 at 8:33 am Checked: Jul 19 at 9:47 am
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 Fuller Group
Investment Insights
Based on property information with market context.
This commercial property features a 0.96-acre (41,900 SF) lot with 10,963 SF of improvements. The front building, totaling 3,263 SF, includes office space and associated storage. The back building, comprising 7,700 SF, offers light manufacturing space, grade-level garage space, and offices. A large parking lot is available. The property is located within blocks of Hwy 8 and is next door to Zesti Food Carts.
Key Highlights
- Large .96 AC (41,900 SF) lot size.
- Substantial 10,963 SF of total improvements.
- Excellent location within blocks of Hwy 8.
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 | $214.6k | $18.00 |
| − Vacancy | −$12.9k | −$1.08 |
| EGI | $201.7k | $16.92 |
| − OpEx | −$70.6k | −$5.92 |
| NOI | $131.1k | $11.00 |
11,921 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$2.20M
$1.93M – $2.57M
NOI $154,314 @ 7.0% cap · market cap 10.43%
Second Best
Flex RnD
$1.87M
$1.64M – $2.19M
NOI $131,107 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$3.22M
$2.82M – $3.75M
NOI $225,244 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Zesti food carts — 2131 Yew St, Forest Grove, OR 97116
- Commissary Mister Pique — 81 N 11th Ave, Cornelius, OR 97113
FAQs
What type of property is this?
Flex space - Industrial property featuring office, manufacturing, and storage spaces for sale.
Where is this flex space located?
The property is located at 2221 Yew St Forest Grove, OR.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: Large .96 AC (41,900 SF) lot size.; Substantial 10,963 SF of total improvements.; Excellent location within blocks of Hwy 8.
