Industrial Warehouse with Office
For Sale
$6,562,500
960 Southeast Monmouth Cutoff Road, Dallas, OR 97338
Warehouse set up for one to two industrial users, with offices and restrooms on both sides.
Property Size52,500 SF
Price / SF$125
Days on Market74
Property Features for 960 Southeast Monmouth Cutoff Road
General Information
Standard status
Active
Size
52,500 SF
Property subtype
Industrial
Additional Details
Heavy Power
Yes
Amenities
offices/restrooms
air lines
LED lighting
natural gas
fiber connection
Building Details
Building Size
52,500 SF
Year Built
2008
Listing Agency:
Capacity Commercial Group
Listed By:
Curt Arthur, SIOR · License ##910200259
(503) 559-7990
Source:
Capacitycommercial
Added: Jun 25
Changed: Aug 13
Last Checked: Sep 6 at 4:14AM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This industrial warehouse is configured for manufacturing, assembly, or storage use. Originally built in 2008 with an additional 22,500 square feet added in 2015, the building includes offices and restrooms on both the north and south sides. A fire wall demises the facility into two separate sides, allowing the building to be occupied by two companies.
The property is described as being set up for 1–2 industrial users and includes a large parcel with parking. On-site utilities include 480V, 2000A power distributed throughout the warehouse, natural gas, and fiber connectivity (Minet). The warehouse also has LED lighting and air lines throughout the building, with multiple fire hydrants noted.
The property is described as being set up for 1–2 industrial users and includes a large parcel with parking. On-site utilities include 480V, 2000A power distributed throughout the warehouse, natural gas, and fiber connectivity (Minet). The warehouse also has LED lighting and air lines throughout the building, with multiple fire hydrants noted.
Key Highlights
- Original 30,000 SF built in 2008 with an additional 22,500 SF added in 2015
- Demised by a fire wall for two‑company occupancy, with offices and restrooms on both north and south sides
- Warehouse set up for 1–2 industrial users
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
$559,598
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
8.53%
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%
$11,191,960
$11.2M
Cap Rate 7%
$7,994,257
$8.0M
Cap Rate 9%
$6,217,756
$6.2M
Market Conditions
NOI Build-Up for 52,500 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
$693.0K $13.20/SF
− Vacancy
−$34.7K −$0.66/SF
EGI
$658.4K $12.54/SF
− OpEx
−$98.8K −$1.88/SF
NOI
$559.6K $10.66/SF
Area
Polk County, OR
Vacancy
5.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
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%
$11,191,960
Cap Rate 7%
$7,994,257
Cap Rate 9%
$6,217,756
Alternative Uses
Best Use
Warehouse
$7.99M
$6.99M – $9.33M
NOI $559,598 @ 7.0% cap · market cap 8.53%
Second Best
Industrial
$7.18M
$6.28M – $8.38M
NOI $502,740 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$13.94M
$12.20M – $16.26M
NOI $975,744 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 97338, OR
22,741
Population
9,109
Households
2.5
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
124.8 sq mi
ZIP Area
182
Density / Sq Mi
$73,345
Median Household Income
$37,359
Median Earnings
$1,197
Median Rent
$388,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Warehouse set up for one to two industrial users, with offices and restrooms on both sides.
Where is this manufacturing property located?
The property is located at 960 Southeast Monmouth Cutoff Road Dallas, OR.
What is the asking price?
The asking price for this property is $6,562,500.
What are key features of this property?
This property features: Original 30,000 SF built in 2008 with an additional 22,500 SF added in 2015; Demised by a fire wall for two‑company occupancy, with offices and restrooms on both north and south sides; Warehouse set up for 1–2 industrial users
