Willamina Commercial Building For
For Sale
Contact for pricing
212 NE D St, Willamina, OR 97396
Stand-alone commercial building perfect for bakery or food production business.
Property Size2,000 SF
Lot Size0.13 Acres
Price / SF$147.50
Days on Market974
Property Features for 212 NE D St
General Information
Standard status
Active
Size
2,000 SF
Class
C
Lot size
0.13 Acres
Property subtype
Industrial, Retail
Zoning
C-1
Building Details
Year Built
1981
Year Renovated
2015
Buildings
1
Stories
1
Listing Agency:
SMI Real Estate
Listed By:
Kelly McDonald · License #201221911
Source:
Crexi
Added: Dec 20, 2023
Changed: Aug 16
Last Checked: Aug 18 at 11:30AM
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 SMI Real Estate
Investment Insights
Based on property information with market context.
This stand-alone commercial building, located in Willamina, Oregon, is situated on a 5,512 square foot parcel and offers 2,000 square feet of building space. The property features an open floor plan that allows for customization, as well as attic storage. Located on the corner of D Street and Water Street, the building has 51 feet of frontage on D Street, providing visibility and exposure. The property includes off-street parking. It is connected to city water and sewer. The surrounding area includes local businesses such as Dollar General, Odd Fellows Pizza Co, and Willamina IGA. The property is zoned as Commercial (C-1) and is suitable for a bakery or other food production business.
Key Highlights
- Stand‑alone 2,000 sq ft commercial building - ideal for a bakery or other business.
- Located in the heart of Willamina, Oregon, at a highly visible corner location (D Street and Water Street) with 51 ft of frontage.
- Generous 5,512 sq ft parcel size with an open floor plan allowing for customization.
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
$23,940
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
8.12%
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%
$478,800
$478.8K
Cap Rate 7%
$342,000
$342.0K
Cap Rate 9%
$266,000
$266.0K
Market Conditions
NOI Build-Up for 2,000 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
$36.0K $18.00/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$34.2K $17.10/SF
− OpEx
−$10.3K −$5.13/SF
NOI
$23.9K $11.97/SF
Area
Yamhill County, OR
Vacancy
5.00%
Lease Rate
$18.00 /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%
$478,800
Cap Rate 7%
$342,000
Cap Rate 9%
$266,000
Alternative Uses
Best Use
Retail
$342.0K
$299.3K – $399.0K
NOI $23,940 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$539.8K
$472.4K – $629.8K
NOI $37,789 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
23k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Groceries 28%
Home Improvements & Furnishings 10%
Dollar General
Shops & Services
8,526 visits/mo
0.2 miles
Willamina IGA
Groceries
6,584 visits/mo
0.1 miles
Shell
Shops & Services
5,958 visits/mo
0.3 miles
Skyberg's Lumber & Hardware
Home Improvements & Furnishings
2,363 visits/mo
0.1 miles
Demographics for 97396, OR
3,426
Population
1,473
Households
2.3
Avg Household Size
40
Median Age
10%
College-Educated
94%
High-School Grad
54.6 sq mi
ZIP Area
63
Density / Sq Mi
$52,857
Median Household Income
$42,217
Median Earnings
$1,104
Median Rent
$324,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Stand-alone commercial building perfect for bakery or food production business.
Where is this storefront property located?
The property is located at 212 NE D St Willamina, OR.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Stand‑alone 2,000 sq ft commercial building - ideal for a bakery or other business.; Located in the heart of Willamina, Oregon, at a highly visible corner location (D Street and Water Street) with 51 ft of frontage.; Generous 5,512 sq ft parcel size with an open floor plan allowing for customization.
