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    Mixed-Use Building in Opportunity Zone Title is generated by Realmo AI

    222 MOLALLA, Oregon City, OR 97045

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    Claim this Listing
    For Sale
    $1,550,000

    Mixed-use building in high-traffic area with retail and residential potential.

    Type:Commercial
    Property size:
    7,800 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $198/SF
    Added:
    Mar 20, 2025
    Days on Market:
    476
    Last Refresh:
    Jul 4 at 9:29 am

    Property Features for 222 MOLALLA

    General Information

    Standard status
    Active
    Size
    7,800 SF
    Lot size
    0.38 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1944

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    KAYA LIDEN

    Listing office KELLER WILLIAMS PDX CENTRAL

    Listing date Mar 20, 2025

    Source Corcoran

    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 KELLER WILLIAMS PDX CENTRAL

    HighLights

    • Located in Oregon City Opportunity Zone.
    • High daily traffic count at a signalized intersection.
    • 29 off‑street parking spaces.
    • Zoned Commercial Mixed‑Use.
    • Approximately 6,000 sq.ft. of ground floor retail space.
    • Existing monument signage.

    Overview

    Located within the Molalla Avenue business corridor and within the Oregon City Opportunity Zone, the building at 222 Molalla presents an opportunity for an owner/user or investor. The property is situated at a signalized intersection with high daily traffic count and includes 29 off-street parking spaces and monument signage. Zoned Commercial Mixed-Use, the ground floor retail space measures approximately 6,000 sq.ft. and includes open retail areas, storage, loading doors, a kitchen/break room area, security cameras and a building security system. The upper floor has its own entrance and street address. Prior to purchase in 2017, the upper floor was utilized as a two-bedroom/ one bathroom apartment with a full kitchen. The property size is 7,800 sqft.

    Local Financial Insights For Mixed Use

    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 $231.2k $29.64
    − Vacancy −$35.1k −$4.51
    EGI $196.1k $25.13
    − OpEx −$73.5k −$9.43
    NOI $122.5k $15.71
    7,800 SF · lease $29.64/SF/yr · vacancy 15.20% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $1.75M
    $1.53M – $2.04M (±1% cap)
    NOI $122,532 @ 7.0% cap · market cap 7.91%
    Second Best
    Retail
    $1.55M
    $1.36M – $1.81M (±1% cap)
    NOI $108,485 @ 7.0% cap · market cap 7.00%
    Theoretical Best
    Office A
    $2.11M
    $1.84M – $2.46M (±1% cap)
    NOI $147,379 @ 7.0% cap · market cap 9.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    (Bike/Boat/Book/etc) Store Storage Facility Locksmith Computer & Electronic Repair Parking Lot & Garage (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service Home Appliance Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oregon City
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.596975
    Latitude
    45.3487803

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in high-traffic area with retail and residential potential.
    Where is this mixed-use property located?
    The property is located at 222 MOLALLA Oregon City, OR.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Located in Oregon City Opportunity Zone.; High daily traffic count at a signalized intersection.; 29 off‑street parking spaces.
    More about this property
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