$695,000 7,500 SF

308 N First St, Drain, OR 97435
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This single-level commercial property provides approximately 7,500 square feet of usable space and is configured as one continuous, one-story layout suitable for either retail operations or warehouse use. The building is located on Highway 99 in central Drain, with frontage along the highway for exposure to passing traffic. The site includes paved on-site parking and also offers street parking nearby. The property functions as a flex-style facility, supporting layouts that can accommodate a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?

$5k

Tax billed · 2023

Assessed value$444k

Effective rate1.19%

Value estimate

· Oct 2026

$670k

$603k – $737k

Submarket $/SF estimate$640k

NOI build-up

Gross scheduled income$68k

Vacancy & credit loss−$3k

Operating expenses−$19k

NOI · 6.53% cap applied$45k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$123/SF

County average, outlier-cleaned · 110 recorded sales of this use type

Observed band · Q1–Q3$75 – $198

Cap rate analysis

How does the asset earn?

6.53%

$45k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDOUGLAS

Location intelligence

Which uses thrive at this corner?

Best fit: Plumbing Service

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Plumbing Service8.6

Building Supply8.2

Auto Parts Store8.1

308 N First St Drain, OR 97435

County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 6 properties nearby

Address Sale price Sold Size

414 2nd, Drain, OR 97435 $180,000 Apr 2023 1,072 SF

442 B, Drain, OR 97435-0227 $150,000 Aug 2022 No data

1st, Drain, OR 97435 $50,000 Oct 2020 No data

378 3rd, Drain, OR 97435-0300 $200,000 Aug 2020 1,044 SF

135 D, Drain, OR 97435-0078 $204,000 Jan 2019 1,480 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$175,000

2,312 SF

139 2nd St

COMMERCIAL (GENERAL)

139 2nd St, Drain, OR 97435-0199

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Value Estimation
$130,000

1,714 SF

231 Cedar St

COMMERCIAL (GENERAL)

231 Cedar St, Drain, OR 97435-0330

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Value Estimation
$125,000

1,648 SF

116 Cedar St

COMMERCIAL (GENERAL)

116 Cedar St, Drain, OR 97435-0057

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Value Estimation
$120,000

1,612 SF

117 D Ave

COMMERCIAL (GENERAL)

117 D Ave, Drain, OR 97435-0078

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Value Estimation
$120,000

1,600 SF

214 C Ave

COMMERCIAL (GENERAL)

214 C Ave, Drain, OR 97435-9706

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Value Estimation
$120,000

1,589 SF

525 1st St

COMMERCIAL (GENERAL)

525 1st St, Drain, OR 97435-0119

View Details