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    1 Main St Winston, OR 97496

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    For Sale
    Contact for pricing

    Prime Winston location, multi-income streams.

    Property size:
    21,031 SF

    Property Features for 1 Main St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    21,031 SF
    Lot Size
    100,188 SF

    Building Details

    Year Built/Renovated
    1948/2016
    Buildings
    2
    Stories
    2
    Units
    27

    We can help!

    Listing Contact
    Neil Hummel
    Neil Hummel

    Listing Agency: The Neil Company Real Estate Listing Agent: Neil Hummel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a multi-unit retail complex ideally situated in Winston, Oregon. The property encompasses 27 units spread across two buildings, totaling 21,031 net rentable square feet on a 2.3-acre lot. The complex comprises 11 RV spaces, 10 commercial spaces, and 6 residential apartments (two requiring completion). Built in 1948 and renovated in 2016, the property boasts a diverse income stream, offering significant potential for growth. The main building comprises 18,177 square feet, while the secondary building adds 2,854 square feet, according to the County Assessor. The property includes 53 parking spaces and is zoned CG. Six tax lots (R41609, R53015, R41633, R41617, R41625, and R51412) make up this centrally located property. The asking price is $1,500,000, translating to $71.32 per square foot. Potential buyers are advised to conduct their own due diligence regarding all aspects of the property, including square footage. Winston and nearby Dillard, Oregon, offer a unique blend of small-town charm and economic stability, fueled by Roseburg Forest Products and the popular Wildlife Safari. The South Umpqua River and nearby vineyards add to the area's appeal. This property presents a rare chance to acquire a substantial, multi-faceted income-generating asset in a thriving Oregon community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Old 99 Brewing ... Nightclub Junction RV Park Campground & RV Park Loggers Pizza Restaurant Viva La Pooch Pet Grooming Service Safari Village Real ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winston
    County
    Douglas
    State
    Oregon
    Longitude
    -123.4125067
    Latitude
    43.1222431

    Nearby Similar for Sale

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      Three-Home Property on Brockway Road

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    • $479,000
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      Winston, OR Commercial Gem

      High-traffic retail space, multiple buildings
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    • $1,500,000
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      Winston Commercial Multi-Use Property

      Prime Winston location, multiple income streams.
      1 Main St, Winston, OR 97496
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    • $2,000,000
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      Prime Winston Commercial Property

      Main Street Business & Land Package
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    • $225,000

      Winston Manufactured Home with Potential

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Winston location, multi-income streams.
    Where is this lifestyle center located?
    The property is located at 1 Main St Winston, OR.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for a 21,031 square foot retail property in Winston, Oregon.; Multi-tenant property with 27 units across two buildings.; Property includes 11 RV spaces, 10 commercial spaces, and 6 residential apartments (2 unfinished).
    (541) 673-4417 Call to check price and availability
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Main St Winston, OR 97496
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Neil Hummel
    Neil Hummel
    Real Estate License ID: 780301698
    (541) 673-4417 (541) 680-2374
    Learn more
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