Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    580 Portland Ave Gladstone, OR 97027

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,500 /Mo

    2,613 SF building in Gladstone's business district for rent.

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Carl Grending, Ccim
    Source: Svn

    Listing Agent: Carl Grending, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Stand-alone Building in Downtown Gladstone

    This 2,613 square foot stand-alone building is located in the Downtown Gladstone business district of Clackamas County, eight miles south of downtown Portland. It offers quick access to I-205 and 99E. The property is surrounded by local businesses and civic buildings along Portland Avenue, including Gladstones Eat Drink Sports, Gladstone’s Pizza, Gladstone Mercantile, Happyrock Coffee Roasting Co., the Gladstone Library, and the Community Center. The trade area draws from Oregon City and Milwaukie, situated at the confluence of the Clackamas and Willamette rivers. The C-2 General Commercial zoning supports a variety of uses, including retail, showroom, service or contractor shop, professional or medical office, fitness, and food and beverage. The property features 3-phase power, suitable for equipment and light production related to on-site sales. Gladstone has a population of 12,017 residents and a median household income of $90,395.
    Location Intelligence

    Current Use by Public Records

    Northwest Commercial Heating ... HVAC Service Watts Heating & Cooling HVAC Service Faith Heating & AC ... Hardware & Home Improvement Northwest Commercial Charitable Organization

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gladstone
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.5951941
    Latitude
    45.3806123

    Nearby Similar for Lease

    • Contact for pricing
      2,777 SF

      Retail Endcap Space Available

      Retail endcap near major businesses, ideal for restaurants and banks.
      475-495 W Arlington St, Gladstone, OR 97027
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space on McLoughlin Boulevard

      Retail space available in high-traffic Gladstone location.
      20140-20160 Mcloughlin Blvd, Gladstone, OR 97027
      View Details
    • Contact for pricing
      2,012 SF

      Former Restaurant Space For Lease

      Restaurant space with ample parking, drive-thru, and outdoor seating.
      Gladstone, OR 97027
      View Details
    • Contact for pricing

      Freestanding Office Building near I-205

      Well-maintained office building with I-205 visibility in Gladstone, Oregon.
      Gladstone, OR 97027
      View Details
    • Contact for pricing
      2,613 SF

      Stand-Alone Building in Gladstone District

      2,613 SF stand-alone building in Gladstone's business district.
      580 Portland Ave, Gladstone, OR 97027
      View Details
    • Contact for pricing
      2,012 SF

      Restaurant Space with Drive-Thru

      Restaurant space featuring ample parking, drive-thru, and outdoor seating.
      240 Princeton Ave, Gladstone, OR 97027
      View Details
    • Contact for pricing

      Warehouse with Office Space

      6,525 SF warehouse with office near I-205.
      Gladstone, OR 97015
      View Details
    • Contact for pricing
      2,777 SF

      Gladstone Retail Outparcel Available

      Prime Gladstone location, 2,777 SF retail space.
      20100 Mcloughlin Blvd, Gladstone, OR 97027
      View Details
    • $28 SF/Yr
      1,652 SF

      Prime Portland Fitness Space

      1652 SF Retail Fitness Center
      465 Arlington St, Gladstone, OR 97027
      View Details

    FAQs

    What type of property is this?
    Office building - 2,613 SF building in Gladstone's business district for rent.
    Where is this office building located?
    The property is located at 580 Portland Ave Gladstone, OR.
    What is the lease rate?
    The lease rate is $4,500 /Mo.
    What are key features of this property?
    This property features: - Prime location in the Downtown Gladstone business district with high visibility on Portland Ave.; - Versatile C-2 General Commercial zoning allows for a wide range of business uses.; - 2,613 sf stand-alone building offers independence and flexibility.
    (971) 533-3000
    Request Owner's contact information
    580 Portland Ave Gladstone, OR 97027
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    580 Portland Ave
    Gladstone, OR 97027
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    580 Portland Ave Gladstone, OR 97027
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Carl Grending, Ccim
    Real Estate License ID: #19063
    (971) 533-3000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!