Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9833 SE 17Th Ave Milwaukie, OR 97222

    Sponsored
    For Sale
    $2,500,000

    LAND - Milwaukie, OR

    Lot size:
    2.51 Acres
    Days on Market:
    30
    Last Refresh:
    Feb 5 at 9:06 pm

    Property Features for 9833 SE 17Th Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-MD
    APN
    00017369
    Lot size
    2.51 Acres

    We can help!

    Listing Contact
    Steve Nassar

    Premiere Property Group, LLC (503) 670-9000

    Listing agent Steve Nassar (503) 670-9000

    Listing date Jan 7, 2026

    MLS# 138132955

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Milwaukie Land Development Opportunity

    This is a 2.51-acre development opportunity approved for a 41-unit cottage cluster community in Milwaukie. The property has Type II land-use approval and includes a complete architectural, civil, and landscape plan set. The plan features two- and three-bedroom cottages across five clusters with shared courtyards. It provides 61 on-site parking spaces, 64 long-term and guest bike spaces, engineered stormwater facilities, and fully designed utility connections. Preliminary planning, mapping, floor plans, elevations, grading, and tree preservation work are completed. The location is near the Willamette River, Waverley Country Club, and Sellwood. This infill opportunity is suitable for developers or investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukie
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.64617
    Latitude
    45.451482

    Nearby Similar for Sale

    • $629,950
      1,732 SF

      Charming Milwaukie Duplex Near Oak Grove

      Well-maintained duplex near downtown Oak Grove with modern amenities.
      1587 SE Oak Grove Blvd, Milwaukie, OR 97267
      View Details
    • $695,000

      Milwaukie Triplex with Rental History

      1950's triplex in Milwaukie, close to amenities and transportation.
      4134 SE Washington St, Milwaukie, OR 97222
      View Details
    • $1,200,000
      3,666 SF

      Pre-Construction Triplex Investment Opportunity

      New construction triplex in Milwaukie with 3 bed, 2 bath units.
      5041 SE King Rd, Milwaukie, OR 97222
      View Details
    • Contact for pricing

      Updated Industrial Building with Yard

      Industrial building in Clackamas County with above standard power.
      9111-9151 SE Mcbrod Ave, Milwaukie, OR 97222
      View Details
    • $189,950

      Remodeled Lakefront Manufactured Home

      Beautifully remodeled lakefront manufactured home with modern updates and lake views.
      10400 SE Cook Ct, Milwaukie, OR 97222
      View Details
    • $5,950,000
      20,889 SF

      Former Bob's Red Mill Store

      20,889 SF production and restaurant opportunity in Milwaukie, Oregon.
      5000 Southeast International Way, Milwaukie, OR 97222
      View Details
    • $519,000

      Well-Maintained Home with High-End Finishes

      Beautiful 4 bed, 2.5 bath home with fenced private yard.
      7874 SE Sporri Ln, Milwaukie, OR 97267
      View Details
    • $7,350,000
      35,000 SF

      Free-Standing Milwaukie Warehouse

      35,000 SF warehouse with immediate highway access and secured yard.
      5285 Southeast Mallard Way, Milwaukie, OR 97222
      View Details
    • Contact for pricing

      Freestanding Industrial Building in Milwaukie

      Freestanding industrial building in revitalized downtown Milwaukie, near Portland.
      2136 SE Adams St, Milwaukie, OR 97222
      View Details
    • $499,500
      3,182 SF

      Freestanding Retail/Restaurant Space Available

      Freestanding retail or restaurant space on Oregon Route 99E.
      18893 Southeast Mcloughlin Blvd, Milwaukie, OR 97267
      View Details
    • $339,999
      732 SF

      New Detached Condo with Patio

      New 732 SF condo with private patio and modern finishes.
      4103 SE Olsen St, Milwaukie, OR 97222
      View Details
    • $3,740,000
      12,402 SF

      Turn-Key Clackamas County Opportunity

      Excellent visibility, easy access, and well-laid-out building near transit.
      4700 SE International Way, Milwaukie, OR 97222
      View Details

    FAQs

    What type of property is this?
    Land - 2.51-acre shovel-ready land approved for 41-unit cottage cluster community.
    Where is this land located?
    The property is located at 9833 SE 17Th Ave Milwaukie, OR.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Shovel-ready 2.51-acre development opportunity approved for a 41-unit cottage cluster community.; - Includes complete architectural, civil, and landscape plan set.; - Type II land-use approval already secured.
    (503) 805-5582
    Request Owner's contact information
    9833 SE 17Th Ave Milwaukie, OR 97222
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9833 SE 17Th Ave
    Milwaukie, OR 97222
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    9833 SE 17Th Ave Milwaukie, OR 97222
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steve Nassar
    Real Estate License ID: 201202032
    (503) 805-5582
    Learn more
    Google sign-in failed. Please try again or use another login method.