Building Details

Building Size 38,000 SF

Year Built 1930

Buildings 1

Stories 1

Tenancy Multi

Listing Agency: Keller Williams Realty Portland Premiere

Listed By: Bradley King · License #201235429 Show Phone

Source: Duanejohnson

Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 4:12PM

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Investment Insights

Based on property information with market context.

Built in 1930, this mixed-use property at 1625 Washington St in Oregon City brings together retail, office, and industrial areas. Existing operations include an auto body shop and a mechanic shop, alongside multiple retail units. The site also has an on-site RV hookup permitted for use and parking on the property.

The property has road frontage and is zoned MUD. Its mix of commercial spaces and automotive service uses is complemented by the permitted RV hookup.

Key Highlights

• Auto body shop and mechanic shop on site
• Multiple retail units, with office and industrial areas
• Permitted on‑site RV hookup

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$238,506

Cap Rate

7.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,770,120 $4.8M

Cap Rate 7%

$3,407,229 $3.4M

Cap Rate 9%

$2,650,067 $2.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 38,000 SF

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 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 (±1% cap)

NOI $596,950 @ 7.0% cap · market cap 18.37%

Second Best

Retail

$7.55M

$6.61M – $8.81M (±1% cap)

NOI $528,515 @ 7.0% cap · market cap 16.26%

Theoretical Best

Office A

$10.26M

$8.97M – $11.97M (±1% cap)

NOI $717,999 @ 7.0% cap · market cap 22.09%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Storage Facility Big Box & Wholesale Store HVAC Service Bakery Food Market Electrical Service

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,299

Businesses Nearby

170k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 50% Shops & Services 29% Apparel 18% Hotels & Casinos 2%

Ross Dress for Less Apparel

30,459 visits/mo 0.3 miles

Dutch Bros. Coffee Dining

24,557 visits/mo 0.5 miles

McDonald's Dining

21,853 visits/mo 0.5 miles

Dollar Tree Shops & Services

19,826 visits/mo 0.5 miles

Starbucks Dining

16,873 visits/mo 0.4 miles

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 Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property includes automotive service areas, office space, and several retail units under MUD zoning.

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: Auto body shop and mechanic shop on site; Multiple retail units, with office and industrial areas; Permitted on‑site RV hookup