Building Details

Building Size 4,000 SF

Year Built 1968

Buildings 1

Tenancy Multi

Owner Occupied Yes

Listing Agency: Keller Williams Realty Portland Premiere

Listed By: Bradley King · License #201235429 Show Phone

Source: Eleeterealestate

Added: Apr 25, 2025 Changed: Oct 24 Last Checked: Oct 23 at 4:43PM

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Investment Insights

Based on property information with market context.

This freestanding office property contains two commercial units totaling 4,000 SF. The larger 3,200 SF suite has been configured as a dental office with a newer dental buildout, while the 800 SF secondary unit is designated for retail use. Both units are expected to be vacant at closing.

The building sits along McLoughlin Blvd in Gladstone, providing direct boulevard exposure for the property. Constructed in 1968, the two-unit configuration supports an owner-user arrangement, medical or professional office occupancy, or a combination of office and retail uses supported by the existing layout.

Key Highlights

• 4,000 SF freestanding office building with two commercial units
• 3,200 SF dental office suite with newer dental buildout
• Separate 800 SF retail unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,177

Cap Rate

4.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,223,540 $1.2M

Cap Rate 7%

$873,957 $874.0K

Cap Rate 9%

$679,744 $679.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$118.6K $29.64/SF

− Vacancy

−$16.6K −$4.15/SF

EGI

$102.0K $25.49/SF

− OpEx

−$40.8K −$10.20/SF

NOI

$61.2K $15.29/SF

Area

Clackamas County, OR

Vacancy

14.00%

Lease Rate

$29.64 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,223,540

Cap Rate 7%

$873,957

Cap Rate 9%

$679,744

Alternative Uses

Best Use

Healthcare Medical

$874.0K

$764.7K – $1.02M (±1% cap)

NOI $61,177 @ 7.0% cap · market cap 4.71%

Second Best

Retail

$794.8K

$695.4K – $927.2K (±1% cap)

NOI $55,633 @ 7.0% cap · market cap 4.28%

Theoretical Best

Office A

$1.08M

$944.7K – $1.26M (±1% cap)

NOI $75,579 @ 7.0% cap · market cap 5.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Bos Dental Dental Office Sofas by Design Furniture & Home Goods Bernard Bos Dental Office Asha R. Powell-Stormberg, ... Alternative Medicine Practice

Suggested Use

Top Pick Real Estate Agency Electrical Service Pharmacy Barber Shop Garden Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

449

Businesses Nearby

Explore this area Business Placement

Demographics for 97027, OR

12,599

Population

5,365

Households

2.3

Avg Household Size

41

Median Age

24%

College-Educated

92%

High-School Grad

2.5 sq mi

ZIP Area

5,040

Density / Sq Mi

$91,957

Median Household Income

$49,689

Median Earnings

$1,721

Median Rent

$464,700

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Includes a built-out dental suite and a separate retail unit for flexible commercial use.

Where is this office building located?

The property is located at 19230 SE MCLOUGHLIN BLVD Gladstone, OR.

What is the asking price?

The asking price for this property is $1,299,000.

What are key features of this property?

This property features: 4,000 SF freestanding office building with two commercial units; 3,200 SF dental office suite with newer dental buildout; Separate 800 SF retail unit