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    Property profile & analytics

    760 Main St Myrtle Creek, OR 97457-9303

    • Outlet malls
    • 5,625 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0018887
    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.

    Current Use by Public Records

    • NAPA Auto Parts - Auto Parts of Myrtle Creek / Auto Parts Store

    Property Details for 760 Main St

    Year built
    2001
    Lot size
    0.74 lot acres
    Property size
    5,625 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    29-05W-28DB-02803
    APU
    2905W28DB02803

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $645,000
      Market price range: $248k - $645k
      AI Estimate
      $645,000
      Market price range: $248k - $645k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $440,000
      Current use
      RESTAURANT
      $760,000
      Change: +74% Conversion: Easy
      COMMERCIAL (GENERAL)
      $690,000
      Change: +58% Conversion: Easy
      OFFICE BUILDING
      $650,000
      Change: +48% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $555,000
      Change: +27% Conversion: Difficult
      WAREHOUSE, STORAGE
      $505,000
      Change: +16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $495,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Creek
    County
    Douglas
    State
    Oregon
    Longitude
    -123.294
    Latitude
    43.0172
    CBSA code
    40700
    CBSA name
    ROSEBURG, 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
    $6,302
    $0.00
    $0.00
    $471,150
    -
    $259,484
    $452,813
    $712,297

    Comparable in this City

    • Value Estimation
      $1,060,000
      9,220 SF

      649 Myrtle Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,220 SF
      649 Myrtle Rd, Myrtle Creek, OR 97457-9765
      View Details
    • Value Estimation
      $1,045,000
      9,100 SF

      240 Old Pacific Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 9,100 SF
      240 Old Pacific Hwy, Myrtle Creek, OR 97457-9706
      View Details
    • Value Estimation by Request
      48,835 SF

      821 Main St

      SHOPPING CENTER, STRIP CENTER • 48,835 SF
      821 Main St, Myrtle Creek, OR 97457-9334
      View Details
    • Value Estimation by Request
      8,120 SF

      Myrtle Creek, OR 97457

      SHOPPING CENTER, STRIP CENTER • 8,120 SF
      Myrtle Creek, OR 97457
      View Details
    • Value Estimation by Request
      3,175 SF

      117 1st Ave

      SHOPPING CENTER, STRIP CENTER • 3,175 SF
      117 1st Ave, Myrtle Creek, OR 97457-9061
      View Details
    • Value Estimation by Request
      4,787 SF

      655 Main St

      SHOPPING CENTER, STRIP CENTER • 4,787 SF
      655 Main St, Myrtle Creek, OR 97457-7487
      View Details

    Similar Nearby for Sale

    • $275,000
      3,000 SF

      Prime Myrtle Creek Retail Space

      Historic building, 3,000 sq ft, $275,000
      236 Main St, Myrtle Creek, OR 97457
      View Details
    • Contact for pricing

      Myrtle Creek Commercial Building

      Commercial building for sale in Myrtle Creek, Oregon.
      498 South Old Pacific Hwy, Myrtle Creek, OR 97457
      View Details
    • New
      $85,000
      0.92 Acres

      Land in MyrtleCreek, Oregon

      Nearly one acre of land with utilities in MyrtleCreek.
      135 Crest Dr, Myrtle Creek, OR 97457
      View Details
    • $199,950
      0.20 Acres

      Residential Lots in MyrtleCreek, Oregon

      Two residential lots, partially developed, ready for new construction.
      Mona St, Myrtle Creek, OR 97457
      View Details
    • $289,000
      18.00 Acres

      MyrtleCreek Land With Development Potential

      18 acres of land within city limits with utilities.
      NE Orchard Dr, Myrtle Creek, OR 97457
      View Details
    • New
      $100,000
      0.26 Acres

      Residential Lot in Myrtle Creek

      Cleared residential lot ready for development in Myrtle Creek.
      972 Arburnia St, Myrtle Creek, OR 97457
      View Details
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    760 Main St
    Myrtle Creek, OR 97457-9303
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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.

    More about this property
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