Leased Cannabis Processing
For Sale
$1,699,000
3045 NW CAMPUS, Estacada, OR 97023
Fully leased cannabis processing building with high-level security.
Property Size5,800 SF
Lot Size0.47 Acres
Price / SF$292.93
Days on Market866
Property Features for 3045 NW CAMPUS
General Information
Standard status
Active
Size
5,800 SF
Lot size
0.47 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$14,123
Amenities
Central air
Metal Roof
Heat Pump Cooling
Heat Pump Heating
On Site
Building Details
Year Built
1997
Listing Agency:
MORE REALTY
(503) 353-6673
Listed By:
TIM WHITING · License #201211921
Source:
Corcoran
Added: Mar 27, 2024
Changed: Aug 8
Last Checked: Aug 8 at 1:52PM
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 MORE REALTY
Investment Insights
Based on property information with market context.
This is a fully leased cannabis processing building with a total of approximately 5800 square feet. The property is currently leased and the lessee will stay and occupy the premises. One side of the building features two finished offices with a kitchenette and restroom, along with an additional unfinished office in the shipping area, all equipped with high-level security. There is also an unfinished conference room and four offices with storage on the second floor. The property has 200 amps of 208 three-phase power. The processing side includes two offices with two finished product rooms, a walk-in freezer, a receiving area with an overhead door, and a kitchen area with a vented hood. Additionally, there is a blast room and baking area. This section of the building is equipped with 800 amps of 208 three-phase power. Onsite parking is available for 11 vehicles, with additional on-street parking. The building has a new roof and trim.
Key Highlights
- Fully leased cannabis processing building with existing tenant
- Total of approximately 5800 sq ft
- High‑level security features throughout the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,079
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,501,580
$1.5M
Cap Rate 7%
$1,072,557
$1.1M
Cap Rate 9%
$834,211
$834.2K
Market Conditions
NOI Build-Up for 5,800 SF
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.
Gross rent
$132.2K $22.80/SF
− Vacancy
−$32.1K −$5.54/SF
EGI
$100.1K $17.26/SF
− OpEx
−$25.0K −$4.31/SF
NOI
$75.1K $12.94/SF
Area
Clackamas County, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,501,580
Cap Rate 7%
$1,072,557
Cap Rate 9%
$834,211
Alternative Uses
Best Use
Office B
$1.07M
$938.5K – $1.25M
NOI $75,079 @ 7.0% cap · market cap 4.42%
Second Best
Industrial
$520.1K
$455.1K – $606.7K
NOI $36,404 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,589 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
Demographics for 97023, OR
11,676
Population
4,718
Households
2.5
Avg Household Size
42
Median Age
16%
College-Educated
93%
High-School Grad
196.5 sq mi
ZIP Area
59
Density / Sq Mi
$74,701
Median Household Income
$38,563
Median Earnings
$1,079
Median Rent
$530,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Cannabis property - Fully leased cannabis processing building with high-level security.
Where is this cannabis property located?
The property is located at 3045 NW CAMPUS Estacada, OR.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Fully leased cannabis processing building with existing tenant; Total of approximately 5800 sq ft; High‑level security features throughout the building
