Building Details

Abandoned No

Listing Agency: Urban Works Real Estate Show Phone

Listed By: Tyler Bruss Show Phone

Source: Moodyscre

Added: Nov 11, 2024 Changed: Oct 5 Last Checked: Oct 14 at 8:34PM

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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 Urban Works Real Estate

Investment Insights

Based on property information with market context.

This 12,402-square-foot flex property combines office and warehouse functions within a coordinated interior layout. The building includes open work areas, private offices, a kitchenette, break room, conference room, a substantial entry area, and clean warehouse space served by two roll-up bay doors. Expansive windows and skylights bring natural light throughout the interior.

The property has a dedicated monument sign oriented toward the Milwaukie Expressway, which carries 30,417 CPD. Major highways and freeways are accessible from the site, while public transit is nearby. Exterior amenities include green space and pedestrian walking paths, adding usable outdoor areas to the commercial setting.

Key Highlights

• 12,402‑square‑foot flex building with office and warehouse components
• Two roll‑up bay doors serving the warehouse area
• Dedicated monument sign facing the Milwaukie Expressway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$219,464

Cap Rate

5.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,389,280 $4.4M

Cap Rate 7%

$3,135,200 $3.1M

Cap Rate 9%

$2,438,489 $2.4M

Market Conditions

NOI Build-Up for 12,402 SF

Gross rent

$367.6K $29.64/SF

− Vacancy

−$30.0K −$2.42/SF

EGI

$337.6K $27.22/SF

− OpEx

−$118.2K −$9.53/SF

NOI

$219.5K $17.70/SF

Area

Clackamas County, OR

Vacancy

8.15%

Lease Rate

$29.64 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,389,280

Cap Rate 7%

$3,135,200

Cap Rate 9%

$2,438,489

Alternative Uses

Best Use

Flex RnD

$3.14M

$2.74M – $3.66M (±1% cap)

NOI $219,464 @ 7.0% cap · market cap 5.87%

Second Best

Office B

$2.29M

$2.01M – $2.68M (±1% cap)

NOI $160,540 @ 7.0% cap · market cap 4.29%

Theoretical Best

Office A

$3.35M

$2.93M – $3.91M (±1% cap)

NOI $234,332 @ 7.0% cap · market cap 6.27%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Restaurant Auto Parts Store Auto Repair Shop Furniture & Home Goods Nail Salon Gym & Fitness Center

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

720

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 97222, OR

36,316

Population

16,910

Households

2.1

Avg Household Size

41

Median Age

38%

College-Educated

95%

High-School Grad

8.6 sq mi

ZIP Area

4,223

Density / Sq Mi

$77,441

Median Household Income

$48,298

Median Earnings

$1,592

Median Rent

$465,100

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - The property combines office areas, workspaces, meeting areas, and clean warehouse space in a functional commercial layout.

Where is this flex space located?

The property is located at 4700 SE International Way Milwaukie, OR.

What is the asking price?

The asking price for this property is $3,740,000.

What are key features of this property?

This property features: 12,402‑square‑foot flex building with office and warehouse components; Two roll‑up bay doors serving the warehouse area; Dedicated monument sign facing the Milwaukie Expressway