Car Wash With
New
For Sale
$2,135,000
10189 SE Sunnyside Rd, Clackamas, OR 97015
Established car wash paired with a restaurant and deli, supported by prominent road exposure and convenient site access.
Property Size4,800 SF
Price / SF$444.79
Days on Market3
Property Features for 10189 SE Sunnyside Rd
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1990
Tenancy
Multi
Listing Agency:
Handris Realty Co.
(503) 657-1094
Listed By:
Steve Tekander · License #TEKANDER
Source:
Canorealestate
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 30 at 1:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Handris Realty Co.
Investment Insights
Based on property information with market context.
This 4,800-square-foot commercial property combines an established car wash with a newer restaurant and deli component. Built in 1990, the site includes two leased business operations and offers direct frontage along SE Sunnyside Road, with ingress and egress serving both uses.
The property is positioned across from Kaiser Permanente Sunnyside Medical Center and approximately 1/4 mile from an I-205 exit and onramp. Clackamas Town Center, Costco, and Clackamas Promenade are each within one mile. Both tenants have long-term leases in place.
The property is positioned across from Kaiser Permanente Sunnyside Medical Center and approximately 1/4 mile from an I-205 exit and onramp. Clackamas Town Center, Costco, and Clackamas Promenade are each within one mile. Both tenants have long-term leases in place.
Key Highlights
- 4,800‑square‑foot property built in 1990
- Established car wash with restaurant and deli component
- Direct SE Sunnyside Road frontage with ingress and egress access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,760
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,335,200
$1.3M
Cap Rate 7%
$953,714
$953.7K
Cap Rate 9%
$741,778
$741.8K
Market Conditions
NOI Build-Up for 4,800 SF
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.
Gross rent
$103.1K $21.48/SF
− Vacancy
−$7.7K −$1.61/SF
EGI
$95.4K $19.87/SF
− OpEx
−$28.6K −$5.96/SF
NOI
$66.8K $13.91/SF
Area
Clackamas County, OR
Vacancy
7.50%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,335,200
Cap Rate 7%
$953,714
Cap Rate 9%
$741,778
Alternative Uses
Best Use
Retail
$953.7K
$834.5K – $1.11M
NOI $66,760 @ 7.0% cap · market cap 3.13%
Second Best
Specialty Retail
$856.3K
$749.3K – $999.0K
NOI $59,940 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,695 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Explore this area
Business Placement
Demographics for 97015, OR
23,265
Population
9,420
Households
2.5
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
2,644
Density / Sq Mi
$82,865
Median Household Income
$48,808
Median Earnings
$1,778
Median Rent
$491,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Established car wash paired with a restaurant and deli, supported by prominent road exposure and convenient site access.
Where is this car wash located?
The property is located at 10189 SE Sunnyside Rd Clackamas, OR.
What is the asking price?
The asking price for this property is $2,135,000.
What are key features of this property?
This property features: 4,800‑square‑foot property built in 1990; Established car wash with restaurant and deli component; Direct SE Sunnyside Road frontage with ingress and egress access
