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    728 Rice Ave Roseburg, OR 97470

    Sponsored
    For Sale
    $275,000

    High-Cap Retail Property, Net Lease

    Property size:
    1,935 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1,935 square foot storefront retail building at 728 SE Rice Ave, Roseburg, Oregon, presents a compelling investment opportunity. Boasting a 5.84% cap rate and a net lease with a single tenant, the property offers strong cash flow with a current NOI of $16,057. The building, constructed in 1960, sits on a 3,485 square foot lot and includes three parking spaces. The interior features a beautifully remodeled kitchen and showroom, an updated bathroom with a shower, and new ductless heating and cooling units. Fresh paint throughout enhances the property's appeal. Located in a fantastic location off busy SE Stephens Street, across from the Senior Center, this property enjoys easy access to city services, the downtown business district, and local restaurants. The property is zoned C3 and is currently 100% occupied under a net lease with a remaining term of zero years, but includes two two-year renewal options. The asking price is $275,000, translating to a price per square foot of $0.77. The property's features, location, and strong financial performance make it an attractive addition to any investment portfolio. The APN is R18597.

    Property Features for 728 Rice Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,935 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1

    HighLights

    • 1,935 SF retail building on a 3,485 SF lot in Roseburg, OR.
    • 5.84% cap rate with a $16,057 NOI.
    • Net lease with a single tenant; two 2‑year renewal options.
    • $275,000 asking price ($142/SF); APN R18597.
    • Located near SE Stephens Street, offering high visibility and convenient access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Howie Dewitt Artist Celebration Event Planner

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Roseburg
    County
    Douglas
    State
    Oregon
    Longitude
    -123.3515787
    Latitude
    43.2011026

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    FAQs

    What type of property is this?
    Individual retail property - High-Cap Retail Property, Net Lease
    Where is this individual retail property located?
    The property is located at 728 Rice Ave Roseburg, OR.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 1,935 SF retail building on a 3,485 SF lot in Roseburg, OR.; 5.84% cap rate with a $16,057 NOI.; Net lease with a single tenant; two 2-year renewal options.
    Request Owner's contact information
    728 Rice Ave Roseburg, OR 97470
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    Realmo Value Estimation

    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.

    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.

    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
    728 Rice Ave Roseburg, OR 97470
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