Multi-Tenant Mixed-Use
10883 SE main st 1981 & 1991 SE monroe st, Milwaukie, OR 97222
For Sale
Contact for pricing
Retail, office, and storage uses are arranged across two connected buildings in downtown Milwaukie.
Property Size8,485 SF
Lot Size0.30 Acres
Price / SF$291.69
Days on Market42
Property Features for 10883 SE main st 1981 & 1991 SE monroe st
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Site & Location
Corner Location
Mixed-Use Components
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Compass Commercial Real Estate Services
Listed By:
Emilio Tiscareno · License OR #201245391
(541) 848-4061
Source:
Crexi
Added: Sep 30
Changed: Nov 8
Last Checked: Nov 8 at 3:35PM
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 Compass Commercial Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two connected buildings on a 0.30-acre corner parcel provide 8,485 SF of mixed-use space. The Main Street building contains 6,085 SF, with approximately 2,500 SF of retail, 1,685 SF of office, and 1,900 SF of basement storage. A separate 2,400 SF, single-story building on Monroe Street adds retail space. The property has three retail tenants, six office tenants, and nine storage units, with all space occupied. Retail leases are NNN; office and storage leases are gross. The reported cap rate is 6.37%, and zoning is DMU.
The property is in Downtown Milwaukie, with storefront exposure at a prominent corner and on-street parking. Nearby businesses named in the property information include Keeper Coffee, pFriem Brewing, and Spoke & Word Books.
The property is in Downtown Milwaukie, with storefront exposure at a prominent corner and on-street parking. Nearby businesses named in the property information include Keeper Coffee, pFriem Brewing, and Spoke & Word Books.
Key Highlights
- 8,485 SF across two connected buildings on a 0.30‑acre corner site
- Three retail tenants, six office tenants, and nine storage units; property is 100% leased
- Main Street building: 6,085 SF, including approximately 2,500 SF retail, 1,685 SF office, and 1,900 SF storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,293
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,665,860
$2.7M
Cap Rate 7%
$1,904,186
$1.9M
Cap Rate 9%
$1,481,033
$1.5M
Market Conditions
NOI Build-Up for 8,485 SF
Gross rent
$251.5K $29.64/SF
− Vacancy
−$38.2K −$4.51/SF
EGI
$213.3K $25.13/SF
− OpEx
−$80.0K −$9.43/SF
NOI
$133.3K $15.71/SF
Area
Clackamas County, OR
Vacancy
15.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,665,860
Cap Rate 7%
$1,904,186
Cap Rate 9%
$1,481,033
Alternative Uses
Best Use
Mixed Use
$1.90M
$1.67M – $2.22M
NOI $133,293 @ 7.0% cap · market cap 5.39%
Second Best
Retail
$1.69M
$1.48M – $1.97M
NOI $118,012 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,322 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
535k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 27%
Dining 23%
Shops & Services 20%
Groceries 20%
Walmart
Superstores
145,380 visits/mo
0.4 miles
WinCo Foods
Groceries
93,206 visits/mo
0.2 miles
Jo-Ann Fabric and Craft
Shops & Services
45,264 visits/mo
0.3 miles
T.J. Maxx
Apparel
28,622 visits/mo
0.3 miles
Dollar Tree
Shops & Services
28,455 visits/mo
0.1 miles
Demographics for 97222, OR
36,316
Population
16,910
Households
2.1
Avg Household Size
41
Median Age
38%
College-Educated
95%
High-School Grad
8.6 sq mi
ZIP Area
4,223
Density / Sq Mi
$77,441
Median Household Income
$48,298
Median Earnings
$1,592
Median Rent
$465,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail, office, and storage uses are arranged across two connected buildings in downtown Milwaukie.
Where is this mixed-use property located?
The property is located at 10883 SE main st 1981 & 1991 SE monroe st Milwaukie, OR.
What is the asking price?
The asking price for this property is $2,475,000.
What are key features of this property?
This property features: 8,485 SF across two connected buildings on a 0.30‑acre corner site; Three retail tenants, six office tenants, and nine storage units; property is 100% leased; Main Street building: 6,085 SF, including approximately 2,500 SF retail, 1,685 SF office, and 1,900 SF storage
