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    OFF-MARKET
    Office Spaces

    135 3rd St, Mcminnville, OR 97128-4901

    0.2 ac lot
    Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US71-0204914
    Property summary
    AI-generated overview

    This exceptional 813-square-foot office space presents a rare opportunity in the heart of historic downtown McMinnville, Oregon. Located at 135 NE 3rd Street, #137, this single-story, 1940-built building offers a versatile open layout ideal for various professional uses. The unit is an end cap, providing excellent visibility and accessibility. The property boasts on-site parking, a significant advantage in this desirable location. Zoned C3, this space is well-suited for traditional office, creative office, coworking, or executive office needs. The building itself is well-maintained and situated on a 0.2-acre lot. Multiple tenancies are possible within the building. This is a unique chance to secure a prominent presence in McMinnville's thriving downtown area. The property's convenient location along Historic Third Street offers high visibility and easy access to local amenities and businesses. Given the limited availability of comparable spaces in this area, interested parties are encouraged to schedule a viewing promptly. The building consists of one structure with a single story. This 813 square foot space is currently vacant and ready for immediate occupancy. Showings are by appointment only.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Lot 0.2 ac (8,799 SF)
    Zoning code C
    APN R4420AD 08300
    UPID US71-0204914
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Horgan-dickson LLC · 18 yrs held
    Horgan-dickson LLC
    since 2008
    6 recorded transactions
    2008
    2008
    $350,000
    2006
    2001
    1995
    $48,800
    1969
    Zoning & alternative use
    C · Mcminnville, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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