Property profile

745 Hilary St Mcminnville, OR 97128

OFF-MARKET
Medical Office Space
Property ID
US71-0791472
762 SF 0.3 ac lot Built 1943
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,800 square foot office building presents a lucrative investment opportunity in McMinnville, Oregon. Situated on a 0.3-acre lot, the property boasts multiple office suites, each with its own private exterior entrance, making it ideal for subleasing and generating immediate rental income. One large area, currently used for church services, offers versatile space suitable for a preschool, or other uses. The upper level is available for lease, providing a ready revenue stream for the new owner. The building features a shared, updated kitchen, an ADA-compliant restroom, abundant natural light, updated flooring, and fresh paint throughout. Fourteen dedicated parking spaces are available for tenants and visitors. Recent improvements include a new roof, enhancing the building's longevity and value. A versatile outdoor area provides additional space, potentially suitable for fencing to create a recreational or dining area. Located in a rapidly developing section of McMinnville, this property is highly sought after by both investors and business owners. The combination of multiple income streams, modern updates, and a desirable location makes this a rare opportunity to acquire a prime commercial asset in a thriving market. The property's features and location make it an attractive investment with significant potential for future growth and profitability.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1943
Total area 762 SF
Lot 0.3 ac (13,068 SF)
Zoning code C1
APN R4429AB 00700
UPID US71-0791472

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Home Health Care Service Aged Care
  • Physician
  • Physician
  • Physician

Location

745 Hilary St Mcminnville, OR 97128-6918
Mcminnville metro Census 30702 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$750k

Owner & transaction history

since 2025
Last sale
$745,000
7 recorded transactions
2025
$745,000
2022
$620,000
2019
Price N/A
2019
$299,000
2008
Price N/A
2008
Price N/A
1994
$64,000

Zoning & alternative use

C1 · Mcminnville, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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