Warehouse with Office and
For Sale
Contact for pricing
103 SW 1st Ave, Canby, OR 97013
9,422 SF warehouse with office, mezzanine, and basement.
Property Size9,422 SF
Lot Size0.33 Acres
Price / SF$96.58
Days on Market1049
Property Features for 103 SW 1st Ave
General Information
Standard status
Active
Size
9,422 SF
Lot size
0.33 Acres
Property subtype
Industrial
Zoning
C2 Highway Commercial
Building Details
Year Built
1921
Listing Agency:
Macadam Forbes
Listed By:
Brett Bayne · License #OR 940700089
(503) 780-7963
Source:
Crexi
Added: Dec 15, 2023
Changed: Oct 25
Last Checked: Oct 28 at 6:06AM
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 Macadam Forbes
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property features a 9,422 square foot building, including a 7,342 square foot warehouse area and 2,040 square feet of office space. Additionally, there is a 500 square foot mezzanine and a 1,093 square foot unfinished basement, which are not included in the gross building area. The parcel is 14,340 square feet with a rectangular shape, measuring 100 feet by 143.4 feet. The property is located at a signalized intersection on Pacific Highway 99 E (SE 1st Avenue) and South Ivy Street.
Key Highlights
- Large 7,342 SF warehouse space
- Includes 2,040 SF of office space
- Located on a signalized intersection of Pacific Highway 99 E (SE 1st Avenue) and South Ivy Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,809
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,436,180
$1.4M
Cap Rate 7%
$1,025,843
$1.0M
Cap Rate 9%
$797,878
$797.9K
Market Conditions
NOI Build-Up for 9,422 SF
Gross rent
$90.5K $9.60/SF
− Vacancy
−$6.0K −$0.63/SF
EGI
$84.5K $8.97/SF
− OpEx
−$12.7K −$1.34/SF
NOI
$71.8K $7.62/SF
Area
Clackamas County, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,436,180
Cap Rate 7%
$1,025,843
Cap Rate 9%
$797,878
Alternative Uses
Best Use
Flex RnD
$2.38M
$2.08M – $2.78M
NOI $166,730 @ 7.0% cap · market cap 18.32%
Second Best
Warehouse
$1.03M
$897.6K – $1.20M
NOI $71,809 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$2.54M
$2.23M – $2.97M
NOI $178,026 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 97013, OR
24,512
Population
9,152
Households
2.7
Avg Household Size
41
Median Age
30%
College-Educated
88%
High-School Grad
58.9 sq mi
ZIP Area
416
Density / Sq Mi
$99,343
Median Household Income
$49,207
Median Earnings
$1,439
Median Rent
$509,100
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Rosy Lea Tea Company — canby, or 97013
- Good News Bbq — 906 N Ivy St, Canby, OR 97013
Frequently Asked Questions
What type of property is this?
Flex space - 9,422 SF warehouse with office, mezzanine, and basement.
Where is this flex space located?
The property is located at 103 SW 1st Ave Canby, OR.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: Large 7,342 SF warehouse space; Includes 2,040 SF of office space; Located on a signalized intersection of Pacific Highway 99 E (SE 1st Avenue) and South Ivy Street
