Property profile

950 Brg St Vernonia, OR 97064

OFF-MARKET
Retail space
Property ID
US71-0776869
6,379 SF 0.15 ac lot Built 1935
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 6,200 square foot commercial building is ideally situated on Highway 47, Vernonia's main thoroughfare. The property boasts excellent street-level visibility and ample on-street parking. Constructed primarily of brick and concrete block, the building features a pitched roof over the original flat roof. The original 3,500 square foot section dates back to 1935, with two subsequent additions expanding the space. The downtown zoning allows for a diverse range of commercial and mixed-use applications, offering considerable flexibility for potential buyers. The building could easily be divided into two to four separate units, with the possibility of incorporating living quarters. City utilities are readily available, including gas heat. The 0.15-acre lot offers a zero lot line, maximizing the building's footprint and exposure. Located in a thriving small town known for its outdoor recreation opportunities and antique shops, the property benefits from its proximity to Stub Stewart State Park and the Banks to Vernonia Linear and CZ trails. Importantly, the building sits well above the flood plain. Currently used as office and retail space. This presents a unique opportunity to acquire a well-established commercial property in a desirable location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1935
Total area 6,379 SF
Lot 0.15 ac (6,534 SF)
Zoning code VR:GC
APN 4405-AD-14100
UPID US71-0776869

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
  • Clothing & Fashion Store (Bike/Boat/Book/etc) Store

Location

950 Brg St Vernonia, OR 97064-1103
Vernonia metro Census 971100 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2020
2 recorded transactions
2020
$290,000
2006
$150,000

Zoning & alternative use

VR:GC · Vernonia, 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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