Warehouse with Office Flex
103 SW 1st Ave Canby, OR 97013
For Sale
Contact for pricing
9,422 SF total includes warehouse and office space, plus a 500 SF mezzanine and an unfinished basement.
Property Size9,422 SF
Price / SF$96.58
Days on Market972
Property Features for 103 SW 1st Ave
General Information
- Standard status
- Active
- Size
- 9,422 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
Macadam Forbes
(503) 972-7280
Listed By:
Brett Bayne · License ##940700089
Source:
Moodyscre
Added: Nov 27, 2023
Changed: Jul 26
Last Checked: Jul 26 at 8:15AM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This flex-style warehouse property totals 9,422 SF and includes 7,342 SF of warehouse space and 2,040 SF of office space. Additional improvements include a 500 SF mezzanine and 1,093 SF of unfinished basement area, which is not included in the stated GBA.
The property sits on a rectangular 14,340 SF parcel measuring 100' x 143.4' at 103 SW 1st Ave, Canby, OR 97013. The configuration supports an on-site office component alongside warehouse operations.
The property sits on a rectangular 14,340 SF parcel measuring 100' x 143.4' at 103 SW 1st Ave, Canby, OR 97013. The configuration supports an on-site office component alongside warehouse operations.
Key Highlights
- 9,422 SF total building area includes 7,342 SF warehouse and 2,040 SF office
- 500 SF mezzanine included as part of the total 9,422 SF
- 1,093 SF unfinished basement is not included in the GBA
Financial Insights For Warehouse
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 | $90.5k | $9.60 |
| − Vacancy | −$6.0k | −$0.63 |
| EGI | $84.5k | $8.97 |
| − OpEx | −$12.7k | −$1.34 |
| NOI | $71.8k | $7.62 |
9,422 SF · lease $9.60/SF/yr · vacancy 6.60% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$2.38M
$2.08M – $2.78M
NOI $166,730 @ 7.0% cap · market cap 18.32%
Second Best
Warehouse
$1.03M
$897.6K – $1.20M
NOI $71,809 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$2.54M
$2.23M – $2.97M
NOI $178,026 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Good News Bbq — 906 N Ivy St, Canby, OR 97013
- Rosy Lea Tea Company — canby, or 97013
FAQs
What type of property is this?
Flex space - 9,422 SF total includes warehouse and office space, plus a 500 SF mezzanine and an unfinished basement.
Where is this flex space located?
The property is located at 103 SW 1st Ave Canby, OR.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: 9,422 SF total building area includes 7,342 SF warehouse and 2,040 SF office; 500 SF mezzanine included as part of the total 9,422 SF; 1,093 SF unfinished basement is not included in the GBA
