Mixed-Use Property with Auto
For Sale
$3,250,000
1625 Washington St, Oregon City, OR 97045
Multi-tenant configuration includes retail, office, industrial, auto body, and mechanic shop space.
Property Size38,000 SF
Days on Market52
Property Features for 1625 Washington St
General Information
Standard status
Active
Size
38,000 SF
Property subtype
Commercial
Zoning
MUD
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$11,189
Amenities
permitted on-site RV hookup
Building Details
Building Size
38,000 SF
Year Built
1930
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 313-8262
Listed By:
Bradley King · License #201235429
(503) 313-8262
Source:
Metanars
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 29 at 2:29PM
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 Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
This mixed-use property brings together retail, office, and industrial components within a multi-tenant commercial asset. The improvements include multiple retail units, an auto body shop, a mechanic shop, and additional space for flexible occupancy or owner use. The property also includes a permitted on-site RV hookup and on-site parking.
Located at 1625 Washington St in Oregon City, Oregon, the property benefits from road frontage and visibility. The building contains over 38,000 Building SQFT and was constructed in 1930. MUD zoning supports the property's mixed-use classification, while the combination of automotive, retail, office, and industrial areas creates a varied physical configuration.
Located at 1625 Washington St in Oregon City, Oregon, the property benefits from road frontage and visibility. The building contains over 38,000 Building SQFT and was constructed in 1930. MUD zoning supports the property's mixed-use classification, while the combination of automotive, retail, office, and industrial areas creates a varied physical configuration.
Key Highlights
- Over 38,000 Building SQFT in a mixed‑use commercial property
- Multiple retail units with office and industrial space
- Includes auto body shop and mechanic shop areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$238,506
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,770,120
$4.8M
Cap Rate 7%
$3,407,229
$3.4M
Cap Rate 9%
$2,650,067
$2.7M
Market Conditions
NOI Build-Up for 38,000 SF
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.
Gross rent
$364.8K $9.60/SF
− Vacancy
−$24.1K −$0.63/SF
EGI
$340.7K $8.97/SF
− OpEx
−$102.2K −$2.69/SF
NOI
$238.5K $6.28/SF
Area
Clackamas County, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,770,120
Cap Rate 7%
$3,407,229
Cap Rate 9%
$2,650,067
Alternative Uses
Best Use
Mixed Use
$8.53M
$7.46M – $9.95M
NOI $596,950 @ 7.0% cap · market cap 18.37%
Second Best
Retail
$7.55M
$6.61M – $8.81M
NOI $528,515 @ 7.0% cap · market cap 16.26%
Theoretical Best
Office A
$10.26M
$8.97M – $11.97M
NOI $717,999 @ 7.0% cap · market cap 22.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Explore this area
Business Placement
Demographics for 97045, OR
57,403
Population
21,702
Households
2.6
Avg Household Size
41
Median Age
33%
College-Educated
95%
High-School Grad
86.8 sq mi
ZIP Area
661
Density / Sq Mi
$100,388
Median Household Income
$49,342
Median Earnings
$1,600
Median Rent
$563,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant configuration includes retail, office, industrial, auto body, and mechanic shop space.
Where is this mixed-use property located?
The property is located at 1625 Washington St Oregon City, OR.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Over 38,000 Building SQFT in a mixed‑use commercial property; Multiple retail units with office and industrial space; Includes auto body shop and mechanic shop areas
