Sandy Commercial Building
39590 PIONEER Blvd, Sandy, OR 97055
Two-level building on 0.74 acres with parking and highway access.
Type:Church/School
Property size:
4,480 SFLot size:
0.74 AcresPrice / SF:
$167/SF- Added:
- Jan 19, 2025
- Days on Market:
- 498
- Last Refresh:
- May 12 at 8:52 pm
Property Features for 39590 PIONEER Blvd
General Information
- Standard status
- Active
- Size
- 4,480 SF
- Lot size
- 0.74 Acres
- Property subtype
- Church/School
Building Details
- Year Built
- 1961
Listing agent Bruce Erickson (503) 668-8050
Listing office Berkshire Hathaway HomeServices NW Real Estate (503) 668-8050
Listing date Jan 19, 2025
Source Xome
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 Berkshire Hathaway HomeServices NW Real Estate
HighLights
- Prime location in the heart of Sandy with direct on‑off access to Hwy 26 and Wolf Drive.
- 0.74‑acre tract suitable for various business opportunities (retail, office, restaurant, school, etc.).
- Existing 2‑level daylight building (28' x 70') with 4,480 total square feet.
- Ample paved parking for 25+ automobiles.
- Recent upgrades including glulam beams (2014), new metal roof and rafters (2018), and Cascadian style exterior modifications (2019).
- Essential utilities available: city water, sanitary sewer, internet, natural gas, electrical, and telephone service.
Overview
Located in the heart of Sandy, this property presents a business opportunity on a 0.74-acre tract. The existing two-level daylight building, constructed in 1961, features paved parking for over 25 automobiles and direct access to Hwy 26 and Wolf Drive. The concrete block building was previously used as a Church and Bible Museum. The upper level, spanning 2,240 square feet, serves as the main entry and includes a large open area, an alter area with two side rooms, a bathroom, and stairs to the lower level. The lower floor, also 2,240 square feet, has an entrance off the parking area and contains a kitchen and mechanical room, three offices, two bathrooms, and a large open area. In 2014, glulam beams were added to the upper level to reinforce the roof trusses. A new metal roof and rafters were installed over the existing roof in 2018, and exterior modifications were made in 2019 to give the building a Cascadian style appearance. Potential business uses for this property include retail, office space, restaurant, school, or a professional building. Interested parties should verify approved uses with the city of Sandy. City water, sanitary sewer, and internet service are available, along with natural gas, electrical, and telephone service.
Local 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 | $96.2k | $21.48 |
| − Vacancy | −$7.2k | −$1.61 |
| EGI | $89.0k | $19.87 |
| − OpEx | −$26.7k | −$5.96 |
| NOI | $62.3k | $13.91 |
4,480 SF · lease $21.48/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$890.1K
$778.9K – $1.04M
NOI $62,309 @ 7.0% cap · market cap 8.31%
Second Best
Office B
$828.5K
$724.9K – $966.5K
NOI $57,992 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,648 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Churches & religious facilities
Location Insight
- Map
- Local Demand
- City
- Sandy
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.2559021
- Latitude
- 45.3965978
Nearby Similar for Sale
FAQs
What type of property is this?
Church & religious facility - Two-level building on 0.74 acres with parking and highway access.
Where is this church & religious facility located?
The property is located at 39590 PIONEER Blvd Sandy, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime location in the heart of Sandy with direct on‑off access to Hwy 26 and Wolf Drive.; 0.74‑acre tract suitable for various business opportunities (retail, office, restaurant, school, etc.).; Existing 2‑level daylight building (28' x 70') with 4,480 total square feet.
