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    550 S Main St Lebanon, OR 97355
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    550 S Main St, Lebanon, OR 97355

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    • Investment properties
    • 6,720 SF
    • 0.18 lot acres
    For Sale
    $1,795,000
    View Listing →
    Remodeled Two-Story Retail Building For Sale
    $1,795,000
    10,545 SF

    Remodeled Two-Story Retail Building

    Remodeled retail building with two levels and lift elevator, supported by updated systems and newer HVAC units.

    550 S Main St, Lebanon, OR 97355
    View Listing
    Property ID
    US71-1906173
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mugs Coffee House / Cafe & Coffee Shop
    • MBVA Building / Business Park
    • Jeremy Massari / Loan Service / Bank
    • American Pacific Mortgage Serving Willamette Valley (NMLS 1850) / Loan Service / Bank
    • loanDepot / Loan Service / Bank

    Property Details for 550 S Main St

    Year built
    1950
    Lot size
    0.18 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    12S 02W 10DA 00300
    APU
    12S02W10DA00300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 13, 2019 $200,000 Mbva LLC Linn Benton Community College Distr Warranty Deed $160k · Central Willamette Community Cu
    Aug 16, 2004 — Linn-benton Community Dist Triple Jm LLC Grant Deed · related —
    Aug 1, 2003 $225,000 Triple Jm LLC Linn Benton Community College Grant Deed $200k · Linn Benton Community College
    — — Mbva LLC — Loan Modification · related $474k · Central Willamette Cmnty Cu
    — — Mbva LLC — Deed Of Trust · related $90k · Central Willamette Cmnty Cu

    Description

    This beautifully remodeled 1,500 square foot office suite, located at 550 S Main St in Lebanon, Oregon (zip code 97355), is situated in the historic MBVA building, sharing the building with MUGS Coffee. Built in 1948 and extensively renovated in 2019, this two-story building offers a modern workspace within a vibrant downtown setting. The suite features a reception area, five private offices, a break room, and two restrooms. The lease includes a private Wi-Fi network and ethernet access, 24-hour building access, all utilities, janitorial services, video surveillance, a private address and locked mailbox. Tenants also enjoy shared access to a conference room, a small meeting room, and a copier/scanner. Located in Linn County, this single-tenancy space is ideal for businesses seeking a professional and convenient location. The property does not include elevators. This exceptional office space provides a complete and efficient work environment. The lease price encompasses a comprehensive package of amenities designed to enhance productivity and streamline operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $744,000
      Market price range: $468k - $1.31M
      AI Estimate
      $744,000
      Market price range: $468k - $1.31M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $850,000
      Current use
      WAREHOUSE, STORAGE
      $860,000
      Change: +2% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Linn
    State
    Oregon
    Longitude
    -122.907
    Latitude
    44.5405
    CBSA code
    10540
    CBSA name
    ALBANY-LEBANON, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,487
    $0.00
    $0.00
    $309,700
    -
    $99,610
    $477,160
    $576,770

    Comparable in this City

    • Value Estimation
      $1,155,000
      16,581 SF

      661 Main St

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      661 Main St, Lebanon, OR 97355-3338
      View Details
    • Value Estimation by Request
      0.19 Acres

      Lebanon, OR 97355

      OFFICE/RESIDENTIAL (MIXED USE)
      Lebanon, OR 97355
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    • Value Estimation by Request
      0.17 Acres

      Lebanon, OR 97355

      OFFICE/RESIDENTIAL (MIXED USE)
      Lebanon, OR 97355
      View Details
    • Value Estimation
      $890,000
      6,000 SF

      31 Ash St

      OFFICE/RESIDENTIAL (MIXED USE)
      31 Ash St, Lebanon, OR 97355-3317
      View Details
    • Value Estimation by Request
      0.07 Acres

      505 Park St

      OFFICE/RESIDENTIAL (MIXED USE)
      505 Park St, Lebanon, OR 97355-3313
      View Details
    • Value Estimation by Request
      3,900 SF

      66 Sherman St

      OFFICE/RESIDENTIAL (MIXED USE)
      66 Sherman St, Lebanon, OR 97355
      View Details

    Similar Nearby for Sale

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      Prime mixed-use land for development in Lebanon, Oregon.
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      Lebanon Land Ready for Development

      79-acre annexed land parcel in Lebanon, Oregon, for sale.
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      173-Acre Timberland Opportunity, Lebanon, OR

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      Lebanon Land with Timber

      80-acre land parcel with mixed-age Douglas fir.
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    • $315,000
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      Residential Buildable Land

      Build on 2.59 acres with an installed septic system and shared well, plus power at the property.
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      View Details
    • $1,795,000
      10,545 SF

      Remodeled Two-Story Retail Building

      Remodeled retail building with two levels and lift elevator, supported by updated systems and newer HVAC units.
      550 S Main St, Lebanon, OR 97355
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property with Fenced Yard

      30,000 SF industrial space with 3-acre fenced yard.
      1853 W Airway Rd, Lebanon, OR 97355
      View Details
    • $100,006
      1,529 SF

      Corner-Lot Multi-Level Office Suite

      Flexible Class A office layout with multiple private offices, conference room, and off-street parking on a visible corner site.
      1010 S Main A & B St, Lebanon, OR 97355
      View Details
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      Retail Spaces in Walmart Anchored Center

      Retail spaces available in a Walmart-anchored shopping center.
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      View Details
    • Contact for pricing
      1,760 SF

      Lebanon Retail/Office Space Available

      Three suites available for lease in central Lebanon.
      11-41 E Ash St, Lebanon, OR 97355
      View Details
    • Contact for pricing
      1,190 SF

      Retail Space Near Walmart

      Retail space available in Walmart-anchored shopping center.
      495 Weldwood Dr, Lebanon, OR 97355
      View Details
    • $133,200
      5,330 SF

      Remodeled Office and Showroom

      Remodeled office suite with a large retail showroom plus flexible event or office space and on-site parking.
      3640 S Santiam Hwy, Lebanon, OR 97355
      View Details
    View Listing
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    Lebanon, OR 97355
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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