Mixed-Use Shop
New
For Sale
$350,000
Lot 4 Ne Main St, Willamina, OR 97396
Road frontage, parking, and a shop with cement floors support a range of commercial activities.
Property Size4,332 SF
Lot Size0.50 Acres
Price / SF$80.79
Days on Market2
Property Features for Lot 4 Ne Main St
General Information
Standard status
Active
Size
4,332 SF
Lot size
0.50 Acres
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Building Details
Year Built
1978
Buildings
1
Listing Agency:
HOFENBREDL REALTY LLC
Listed By:
BARBARA HOFENBREDL · License #200810120
(503) 876-6350
Source:
Wisser
Added: Sep 8
Last Checked: Sep 8 at 2:53PM
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 HOFENBREDL REALTY LLC
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes a 57' x 76' shop with cement flooring, a large sliding door, and an interior bathroom with a shower. The building provides an open area suitable for equipment, inventory, vehicles, storage, or other business uses, with parking available on the approximately 0.50-acre site.
The property has road frontage and is located at Lot 4 NE Main St in Willamina, Oregon. Constructed in 1978, the building offers a straightforward commercial layout with practical access and functional support space for an owner-user or other commercial operation.
The property has road frontage and is located at Lot 4 NE Main St in Willamina, Oregon. Constructed in 1978, the building offers a straightforward commercial layout with practical access and functional support space for an owner-user or other commercial operation.
Key Highlights
- Approximately 0.50 acre with road frontage and ample parking
- 57' x 76' shop with cement floors
- Large sliding door provides shop access
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
$27,190
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
7.77%
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%
$543,800
$543.8K
Cap Rate 7%
$388,429
$388.4K
Cap Rate 9%
$302,111
$302.1K
Market Conditions
NOI Build-Up for 4,332 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
$41.6K $9.60/SF
− Vacancy
−$2.7K −$0.63/SF
EGI
$38.8K $8.97/SF
− OpEx
−$11.7K −$2.69/SF
NOI
$27.2K $6.28/SF
Area
Yamhill County, OR
Vacancy
6.60%
Lease Rate
$9.60 /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%
$543,800
Cap Rate 7%
$388,429
Cap Rate 9%
$302,111
Alternative Uses
Best Use
Mixed Use
$802.0K
$701.8K – $935.7K
NOI $56,143 @ 7.0% cap · market cap 16.04%
Second Best
Industrial
$388.4K
$339.9K – $453.2K
NOI $27,190 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,852 @ 7.0% cap · market cap 23.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 97396, OR
3,426
Population
1,473
Households
2.3
Avg Household Size
40
Median Age
10%
College-Educated
94%
High-School Grad
54.6 sq mi
ZIP Area
63
Density / Sq Mi
$52,857
Median Household Income
$42,217
Median Earnings
$1,104
Median Rent
$324,500
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?
Mixed-use property - Road frontage, parking, and a shop with cement floors support a range of commercial activities.
Where is this mixed-use property located?
The property is located at Lot 4 Ne Main St Willamina, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 0.50 acre with road frontage and ample parking; 57' x 76' shop with cement floors; Large sliding door provides shop access
