Mixed-Use Property with
16265 SE Highway 224, Damascus, OR 97089
For Sale
$539,000
Pending
RC zoning accompanies a home-office building and a separate shop with dedicated office space.
Property Size2,288 SF
Days on Market231
Property Features for 16265 SE Highway 224
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Drive-In Doors
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Troy DeVries · License OR #201236644
(503) 688-0713
Source:
Eaglecaprealty
Added: Mar 25
Changed: Nov 9
Last Checked: Nov 9 at 2:06PM
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 Real Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property combines a 1,038-square-foot home-office building with an approximately 1,250-square-foot shop. The office residence has three rooms, a full bathroom, laundry area, and living room. The shop includes a large garage door, its own office and bathroom, a large room, and a substantial work area. The combined property size is 2,288 square feet. Improvements include a new septic tank, a newer water heater, and a roof replaced around 2019.
Located at 16265 SE Highway 224 in Damascus, the property is zoned RC. The stated zoning flexibility supports a range of potential configurations, including live-work, office, retail, contractor, and financial institution uses. The property also has space for parking.
Located at 16265 SE Highway 224 in Damascus, the property is zoned RC. The stated zoning flexibility supports a range of potential configurations, including live-work, office, retail, contractor, and financial institution uses. The property also has space for parking.
Key Highlights
- 2,288‑square‑foot mixed‑use property with a 1,038‑square‑foot home‑office building and approximately 1,250‑square‑foot shop
- Shop has a large garage door, separate office, bathroom, large room, and work area
- Home‑office building includes three rooms, a full bathroom, laundry area, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,488
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,760
$809.8K
Cap Rate 7%
$578,400
$578.4K
Cap Rate 9%
$449,867
$449.9K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$67.8K $29.64/SF
− Vacancy
−$5.5K −$2.42/SF
EGI
$62.3K $27.22/SF
− OpEx
−$21.8K −$9.53/SF
NOI
$40.5K $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%
$809,760
Cap Rate 7%
$578,400
Cap Rate 9%
$449,867
Alternative Uses
Best Use
Flex RnD
$578.4K
$506.1K – $674.8K
NOI $40,488 @ 7.0% cap · market cap 7.51%
Second Best
Mixed Use
$513.5K
$449.3K – $599.1K
NOI $35,943 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$617.6K
$540.4K – $720.5K
NOI $43,231 @ 7.0% cap · market cap 8.02%
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
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
6,737
Businesses Nearby
Explore this area
Business Placement
Demographics for 97089, OR
14,111
Population
4,991
Households
2.8
Avg Household Size
42
Median Age
32%
College-Educated
96%
High-School Grad
21.6 sq mi
ZIP Area
653
Density / Sq Mi
$114,516
Median Household Income
$51,284
Median Earnings
$2,642
Median Rent
$616,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - RC zoning accompanies a home-office building and a separate shop with dedicated office space.
Where is this mixed-use property located?
The property is located at 16265 SE Highway 224 Damascus, OR.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 2,288‑square‑foot mixed‑use property with a 1,038‑square‑foot home‑office building and approximately 1,250‑square‑foot shop; Shop has a large garage door, separate office, bathroom, large room, and work area; Home‑office building includes three rooms, a full bathroom, laundry area, and living room
