Former Bob's Red Mill
5000 Southeast International Way Milwaukie, OR 97222
5000 Southeast International Way, Milwaukie, OR, 97222
$5,950,000
For Sale
$5,950,000
20,889 SF production and restaurant opportunity in Milwaukie, Oregon.
Property Size20,889 SF
Lot Size1.96 Acres
Price / SF$284.84
Days on Market176
Property Features for 5000 Southeast International Way
General Information
- Standard status
- Active
- Size
- 20,889 SF
- Lot size
- 1.96 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing agency
Capacity Commercial Group
(503) 222-2655
Listed by
Nicholas Diamond · License #OR #200403266
Source
Corfac
Added: Jan 26 Updated: Jul 6 at 9:21AM Checked: Jul 21 at 8:31AM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This 20,889 square foot property, formerly a Bob's Red Mill Whole Grain Store, presents an owner/user opportunity for production and restaurant ventures. Situated off SE International Way in Milwaukie, Oregon, the property benefits from visibility from Highway 224 and resides within Milwaukie's Business-Industrial District. The site includes approximately 85 on-site parking spaces, equating to a ratio of approximately 4 spaces per 1,000 square feet. The property is located on a 1.96-acre lot (85,339 square feet) and is zoned Business Industrial (BI). The property will be delivered vacant. The building is a distinctive and easily recognizable property that uniquely combines a retail store, bakery, and restaurant. It features ample interior seating and a covered patio for outside dining. Additional features include solar panels, a large commercial-grade kitchen with a hood, and a loading dock. Pylon signage offers excellent branding visibility.
Key Highlights
- Vacant 20,889 SF building suitable for production, restaurant, or owner/user.
- Generous on‑site parking with approximately 85 spaces.
- Unique combination of retail store, bakery, and restaurant space with ample interior seating and a covered outdoor patio.
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 | $448.7k | $21.48 |
| − Vacancy | −$33.7k | −$1.61 |
| EGI | $415.0k | $19.87 |
| − OpEx | −$124.5k | −$5.96 |
| NOI | $290.5k | $13.91 |
20,889 SF · lease $21.48/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.15M
$3.63M – $4.84M
NOI $290,530 @ 7.0% cap · market cap 4.88%
Second Best
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,851 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$5.64M
$4.93M – $6.58M
NOI $394,692 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - 20,889 SF production and restaurant opportunity in Milwaukie, Oregon.
Where is this retail property located?
The property is located at 5000 Southeast International Way Milwaukie, OR.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Vacant 20,889 SF building suitable for production, restaurant, or owner/user.; Generous on‑site parking with approximately 85 spaces.; Unique combination of retail store, bakery, and restaurant space with ample interior seating and a covered outdoor patio.
