Warehouse Manufacturing
For Sale
$5,250,000
C-2350 Avenue F, White City, OR 97503
Open warehouse/manufacturing space totaling 75,000 SF, formerly used for secondary wood products.
Property Size75,000 SF
Price / SF$70
Days on Market201
Property Features for C-2350 Avenue F
General Information
Standard status
Active
Size
75,000 SF
Taxes and HOA fees
Annual Taxes
$14,022
Listing Agency:
Burrill Real Estate, LLC
Listed By:
Curtis N Burrill
(541) 944-4633
Source:
Exprealty
Added: Feb 16
Changed: Aug 20
Last Checked: Sep 4 at 7:58AM
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 Burrill Real Estate, LLC
Investment Insights
Based on property information with market context.
The property offers a large, open warehouse/manufacturing space totaling 75,000 SF. The building was formally used for secondary wood products, supporting industrial users seeking an interior layout designed for manufacturing storage and workflow.
Located in the heart of the White City Industrial Park, the facility is positioned for tenants looking for an established industrial setting.
As a warehouse/manufacturing asset with an open plan and prior secondary wood products use, the property may be well-suited for industrial operations that benefit from flexible interior manufacturing and warehousing space.
Located in the heart of the White City Industrial Park, the facility is positioned for tenants looking for an established industrial setting.
As a warehouse/manufacturing asset with an open plan and prior secondary wood products use, the property may be well-suited for industrial operations that benefit from flexible interior manufacturing and warehousing space.
Key Highlights
- Open warehouse/manufacturing space totaling 75,000 SF
- Previously used for secondary wood products
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
$478,339
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
9.11%
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%
$9,566,780
$9.6M
Cap Rate 7%
$6,833,414
$6.8M
Cap Rate 9%
$5,314,878
$5.3M
Market Conditions
NOI Build-Up for 75,000 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
$711.0K $9.48/SF
− Vacancy
−$27.7K −$0.37/SF
EGI
$683.3K $9.11/SF
− OpEx
−$205.0K −$2.73/SF
NOI
$478.3K $6.38/SF
Area
Jackson County, OR
Vacancy
3.89%
Lease Rate
$9.48 /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%
$9,566,780
Cap Rate 7%
$6,833,414
Cap Rate 9%
$5,314,878
Alternative Uses
Best Use
Warehouse
$8.30M
$7.26M – $9.68M
NOI $580,841 @ 7.0% cap · market cap 11.06%
Second Best
Industrial
$6.83M
$5.98M – $7.97M
NOI $478,339 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$18.10M
$15.84M – $21.12M
NOI $1,267,200 @ 7.0% cap · market cap 24.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 97503, OR
12,349
Population
4,708
Households
2.6
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
81.7 sq mi
ZIP Area
151
Density / Sq Mi
$65,040
Median Household Income
$35,834
Median Earnings
$1,082
Median Rent
$299,500
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 - Open warehouse/manufacturing space totaling 75,000 SF, formerly used for secondary wood products.
Where is this manufacturing property located?
The property is located at C-2350 Avenue F White City, OR.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Open warehouse/manufacturing space totaling 75,000 SF; Previously used for secondary wood products
