16300 & 16320 Agnes Avenue, Oregon City, OR 97045
Redevelopment site suitable for retail, commercial, hotel, or senior living.
- Added:
- May 11, 2020
- Days on Market:
- 2229
- Last Refresh:
- May 19 at 11:39 pm
Property Features for 16300 & 16320 Agnes Avenue
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Property subtype
- Retail, Office, Land
Listing agent Skip Rotticci License #OR 200204348
Listing office Macadam Forbes
Listing date May 11, 2020
Source Crexi
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 Macadam Forbes
HighLights
- Redevelopment site with existing cash flow.
- High visibility location suitable for freeway retail, commercial uses, hotel, and senior living.
- Adjacent to the Clackamette Cove Urban Renewal Area.
- Close proximity to the 244 Edgewater at the Cove Apartment project and future Phase II construction (440 waterfront apartments and 30,000 SF of retail/commercial space).
- Near Summit Developments’ “The North End” Oregon City project (62 acres of residential, retail, commercial, and business park uses).
- Currently occupied by Hamiltons Appliance (warehouse), TNT Fireworks, and Kiewit Infrastructure (yard space).
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $257.8k | $21.48 |
| − Vacancy | −$19.3k | −$1.61 |
| EGI | $238.4k | $19.87 |
| − OpEx | −$71.5k | −$5.96 |
| NOI | $166.9k | $13.91 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oregon City
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.5939487
- Latitude
- 45.3704288
