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

    12300 SE Mallard Way Milwaukie, OR 97222

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr

    Industrial and office spaces in Clackamas Enterprise Zone, Milwaukie.

    Type:Office
    Property size:
    25,000 SF
    Added:
    Jan 26, 2026
    Days on Market:
    66
    Last Refresh:
    Mar 25 at 8:44 pm

    Property Features for 12300 SE Mallard Way

    General Information

    Standard status
    Active
    Size
    25,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1980

    Spaces For Lease

    at 12300 SE Mallard Way Contact us

    We can help!

    Listing Contact
    Scott Kappes, SIOR

    Listing agent Scott Kappes, SIOR

    Listing office

    Listing date Jan 26, 2026

    Source Corfac

    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 Scott Kappes, SIOR

    Overview

    Milwaukie Industrial/Office Space Available

    Available industrial spaces range from 1,220 to 1,601 square feet. The property has frontage on SE Mallard Way and SE International Way and is located in the Clackamas Enterprise Zone. It is one block from Highway 224 and two miles from I-205, with Portland International Airport 14 miles away. The property includes a free-standing suburban office building with move-in ready suites. Abundant parking is available, along with creekside water features and well-maintained landscaping. The property is adjacent to over 200,000 square feet of light manufacturing and distribution space, which could be combined with an office component.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Milwaukie
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.61
    Latitude
    45.4356

    Nearby Similar for Lease

    • $0.91/mo

      Clean Industrial Building with Dock

      Clean industrial building with good power, covered dock, and office.
      9255 SE McBrod Avenue, Milwaukie, OR 97222
      View Details
    • Contact for pricing

      Milwaukie Office with Extra Parking

      Standalone office building with parking and storage, available August 2025.
      11220 SE Fuller Road, Milwaukie, OR 97222
      View Details
    • $20/mo

      Remodeled Office Spaces For Rent

      Newly remodeled office spaces with common area and abundant parking.
      9301 SE Stanley Avenue, Milwaukie, OR 97222
      View Details
    • Contact for pricing

      McLoughlin Blvd Industrial Space

      Industrial space with frontage on McLoughlin Blvd / Hwy 99E.
      14200 SE McLoughlin Blvd, Milwaukie, OR 97267
      View Details
    • Contact for pricing

      Move-In Ready Office Space

      Modern office space with river views in Milwaukie, Oregon.
      1935 Southeast Jefferson Street, Milwaukie, OR 97222
      View Details
    • $0.85/mo

      Milwaukie Retail Space for Lease

      Retail space with excellent access to major routes and amenities.
      5300 Southeast Johnson Creek Boulevard, Milwaukie, OR 97222
      View Details
    • $0.85/mo

      Freestanding Industrial Building Available Now

      Industrial space with dock and grade doors, convenient location.
      5497 SE International Way, Milwaukie, OR 97222
      View Details
    • Contact for pricing

      Warehouse and Office Space Available

      Warehouse and office space for sublease near Highway 224.
      4211 SE International Way, Milwaukie, OR 97222
      View Details
    • Contact for pricing

      Updated Industrial Space in Milwaukie

      Industrial space with heavy power, loading docks, and yard.
      9151 SE McBrod Avenue, Milwaukie, OR 97222
      View Details
    • $32/mo

      Milwaukie Office Space For Rent

      2,420 SF office space available late 2025.
      6564 SE Lake Rd, Milwaukie, OR
      View Details
    • Contact for pricing

      SE Portland Warehouse For Rent

      Warehouse space in SE Portland with dock and grade loading.
      3783 SE Naef Road, Milwaukie, OR 97267
      View Details
    • Contact for pricing

      Retail Space in Milwaukie Center

      Retail space in a strong Milwaukie power center.
      11030 SE Oak St, Milwaukie, OR
      View Details

    FAQs

    What type of property is this?
    Office units - Industrial and office spaces in Clackamas Enterprise Zone, Milwaukie.
    Where is this office units located?
    The property is located at 12300 SE Mallard Way Milwaukie, OR.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Strategic Location: Just one block from Hwy 224 and 2 miles to I‑205 for easy access.; Clackamas Enterprise Zone: Benefit from potential tax advantages.; Move‑in Ready Suites: Free‑standing suburban office building with suites ready for you.
    (503) 517-9877
    We can help!
    Listing Contact
    Scott Kappes, SIOR
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!