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Property profile & analytics
FOR SALE
Retail space

215 Galice Rd Merlin, OR 97532

1,884 SF 0.6 ac lot Built 1974
Individually Owned 6-yr Hold Free & Clear
Property ID
US71-0595751
Property summary
AI-generated overview

This exceptional 1,884 square foot commercial property in Merlin, Oregon, presents a unique live-work opportunity. Located at 215 Galice Rd, the property offers a seamless blend of business and residential space. The main level provides a flexible, open layout ideal for a variety of commercial uses. A significant advantage is the inclusion of a separate studio apartment upstairs, complete with a full kitchen and bathroom, perfect for an owner-operator or on-site manager. The property boasts modern amenities including a recently installed heat pump for efficient climate control and a new electrical panel ensuring safety and reliability. Storage needs are easily met with a convenient exterior shed. Security is enhanced by three drive gates and a fully fenced compound, providing peace of mind. This property is situated on a lot with no acreage specified. The asking price is $299,000. This is a rare opportunity to acquire a well-maintained, versatile commercial property with integrated living quarters in a desirable location. Don't miss out on this exceptional chance to own a property that combines the best of both worlds. Contact us today to schedule a showing.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Total area 1,884 SF
Lot 0.6 ac (26,136 SF)
Zoning code CC
APN 35-06-21-BC-001000
UPID US71-0595751
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k
Owner & transaction history
Aaron Mitchell · 6 yrs held
Aaron Mitchell
since 2020
Last sale
$205,000
3 recorded transactions
2020
$205,000
2019
$172,000
2013
$100,000
Zoning & alternative use
CC · Merlin, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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