Listing Agency: RE/MAX Integrity Show Phone

Listed By: David Smid · License #200404377 Show Phone

Source: Exprealty

Added: Oct 21 Changed: Oct 24 Last Checked: Oct 23 at 4:33PM

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Investment Insights

Based on property information with market context.

This flex property is a remodeled shop measuring 30 by 60 feet. Recent work includes fresh interior and exterior paint and new flooring installed over the slab. The building is served by three-phase power and carries RR-1 residential zoning.

Key Highlights

• 30‑by‑60‑foot shop
• Three‑phase power
• RR‑1 residential zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,864

Cap Rate

6.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$217,280 $217.3K

Cap Rate 7%

$155,200 $155.2K

Cap Rate 9%

$120,711 $120.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$16.2K $9.00/SF

− Vacancy

−$680 −$0.38/SF

EGI

$15.5K $8.62/SF

− OpEx

−$4.7K −$2.59/SF

NOI

$10.9K $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 Rate 5%

$217,280

Cap Rate 7%

$155,200

Cap Rate 9%

$120,711

Alternative Uses

Best Use

Flex RnD

$295.4K

$258.4K – $344.6K (±1% cap)

NOI $20,675 @ 7.0% cap · market cap 11.81%

Second Best

Industrial

$155.2K

$135.8K – $181.1K (±1% cap)

NOI $10,864 @ 7.0% cap · market cap 6.21%

Theoretical Best

Office A

$455.4K

$398.5K – $531.3K (±1% cap)

NOI $31,876 @ 7.0% cap · market cap 18.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Grocery & Convenience Store Real Estate Agency Carpet & Flooring Store Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 97448, OR

13,709

Population

6,150

Households

2.2

Avg Household Size

44

Median Age

28%

College-Educated

93%

High-School Grad

138.1 sq mi

ZIP Area

99

Density / Sq Mi

$78,244

Median Household Income

$40,306

Median Earnings

$1,079

Median Rent

$410,500

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A 30-by-60-foot shop has three-phase power and RR-1 residential zoning.

Where is this flex space located?

The property is located at 93146 Applegate Trl Junction City, OR.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: 30‑by‑60‑foot shop; Three‑phase power; RR‑1 residential zoning