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16218 W Hoffeldt Ln 10,500 SF 100% Leased Retail Building Brookings, OR 97415 $1,155,633 CAD ($110.06 CAD/SF) 6.40% Cap Rate
Investment Highlights
- Directly off the scenic coastal Highway 101
- Excellent visibility and parking
- At a major traffic light intersection
Executive Summary
An EXCEPTIONAL Coastal INVESTMENT OPPORTUNITY – Prime Income producing property along the Iconic Hwy 101 Corridor. Positioned in a highly desirable Brookings location, this well-maintained commercial investment property offers unmatched visibility, stable long-term tenants, and proven performance. Spanning .61 acres across two tax lots, the property features two commercial buildings, together offering 10,500 sq ft of versatile income-generating space. Current tenants include an established fishing tackle retailer and a successful antique shop—both drawing consistent local and tourist traffic year-round. With 28 paved parking spaces, excellent ingress/egress, and strong surrounding commercial activity, this asset presents a rare opportunity for immediate cash flow with long-range appreciation potential. A standout opportunity for discerning investors seeking stability, location, and long-term value in a growing coastal market. Showings by appointment only.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$82,814
|
$12.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,814
|
$12.00
|
| Taxes |
$6,363
|
$0.92
|
| Operating Expenses |
$2,722
|
$0.39
|
| Total Expenses |
$9,086
|
$1.32
|
| Net Operating Income |
$73,728
|
$10.69
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $82,814 |
| Annual Per SF | $12.00 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $82,814 |
| Annual Per SF | $12.00 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,363 |
| Annual Per SF | $0.92 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,722 |
| Annual Per SF | $0.39 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $9,086 |
| Annual Per SF | $1.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $73,728 |
| Annual Per SF | $10.69 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,500 SF
Building Class
C
Year Built
1999
Price
$1,155,633 CAD
Price Per SF
$110.06 CAD
Cap Rate
6.40%
NOI
$73,961 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.61 AC
Zoning
C1 - Light Commercial Use
Parking
23 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
118’ on Hoffeldt
Amenities
- Signage
- Tenant Controlled HVAC
- Fiber Optic Internet
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Antique
- Retailer
- 6,900 SF
- -
- -
- Chetco Outdoor Store
- Retailer
- 3,600 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Antique | Retailer | 6,900 SF | - | - | ||
| Chetco Outdoor Store | Retailer | 3,600 SF | - | - |
Property Taxes
| Parcel Number | R27143 | Total Assessment | $715,853 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $6,363 CAD ($0.61 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
R27143
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$715,853 CAD
Annual Taxes
$6,363 CAD ($0.61 CAD/SF)
Tax Year
2025
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16218 W Hoffeldt Ln
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