Former Bank with
200 CENTER AVE Molalla, OR 97038
For Sale
$1,299,000
Commercial Sale, Other - Molalla, OR
Property Size4,500 SF
Lot Size0.68 Acres
Price / SF$288.67
Days on Market71
Property Features for 200 CENTER AVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 24
- Parking features
- Paved or Surfaced
- Standard status
- Active
- APN
- 01097208
- Lot size
- 0.68 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1980
- Roof type
- Flat
- Architectural style
- Other
Listing Agency:
Engel & Völkers West Portland
(503) 303-5917
Listed By:
Tedi McKnight-Heikes
(503) 303-5917
Added: May 15
Changed: Jul 15
Last Checked: Jul 24 at 12:06PM
MLS# 376985098
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ±4,500 SF commercial property was formerly a bank and is positioned on a landscaped corner. The building includes a drive-through lane and a secure vault, along with a spacious, light-filled lobby featuring expansive windows and high ceilings.
Additional interior features include a large staff break room, multiple restrooms, and ample storage areas. The exterior is supported by a generous on-site parking lot, and exposure is enhanced by a prominent freestanding, lighted pylon sign along a well-traveled location.
The existing layout and infrastructure may support a variety of commercial applications, including professional or medical office use, retail, restaurant or café concepts with drive-through capability, financial services, and specialty practices such as veterinary care.
Additional interior features include a large staff break room, multiple restrooms, and ample storage areas. The exterior is supported by a generous on-site parking lot, and exposure is enhanced by a prominent freestanding, lighted pylon sign along a well-traveled location.
The existing layout and infrastructure may support a variety of commercial applications, including professional or medical office use, retail, restaurant or café concepts with drive-through capability, financial services, and specialty practices such as veterinary care.
Key Highlights
- Former bank building with retained infrastructure, including a drive‑through lane and secure vault
- About 4,500 SF commercial space with spacious, light‑filled lobby, expansive windows, and high ceilings
- Central air conditioning and forced‑air heating; flat roof
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.7k | $21.48 |
| − Vacancy | −$7.2k | −$1.61 |
| EGI | $89.4k | $19.87 |
| − OpEx | −$26.8k | −$5.96 |
| NOI | $62.6k | $13.91 |
4,500 SF · lease $21.48/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$894.1K
$782.3K – $1.04M
NOI $62,587 @ 7.0% cap · market cap 4.82%
Second Best
Office B
$832.2K
$728.1K – $970.9K
NOI $58,251 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,026 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Freestanding former bank offers a drive-through lane, secure vault, and a light-filled lobby with parking.
Where is this bank located?
The property is located at 200 CENTER AVE Molalla, OR.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Former bank building with retained infrastructure, including a drive‑through lane and secure vault; About 4,500 SF commercial space with spacious, light‑filled lobby, expansive windows, and high ceilings; Central air conditioning and forced‑air heating; flat roof
