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 Market958
Property Features for 103 SW 1st Ave
General Information
Standard status
Active
Size
9,422 SF
Lot size
0.33 Acres
Property subtype
Industrial
Building Details
Year Built
1921
Listing Agency:
Macadam Forbes
Listed By:
Brett Bayne · License #OR 940700089
Source:
Crexi
Added: Dec 15, 2023
Changed: Jul 10
Last Checked: Jul 29 at 2:55PM
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
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 For Warehouse
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 | $90.5k | $9.60 |
| − Vacancy | −$6.0k | −$0.63 |
| EGI | $84.5k | $8.97 |
| − OpEx | −$12.7k | −$1.34 |
| NOI | $71.8k | $7.62 |
9,422 SF · lease $9.60/SF/yr · vacancy 6.60% · expense 15.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Good News Bbq — 906 N Ivy St, Canby, OR 97013
- Rosy Lea Tea Company — 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
