Building Details

Year built 1968

Floors in Building 1

Roof type Flat

Listing Agency: Keller Williams Realty Portland Premiere m***@mikehobson.com Show Phone

Listed By: Bradley King · License #201235429 Show Phone

Added: Apr 25, 2025 Changed: Sep 30 Last Checked: Oct 11 at 12:06AM

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MLS# 320274517

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Freestanding medical office property comprising two commercial units totaling 4,000 square feet. The larger 3,200-square-foot suite includes a newer dental office buildout, while the 800-square-foot secondary unit provides separate retail-oriented space. Both units are expected to be vacant at closing, allowing an owner-user to occupy the property without an existing tenant in place.

Built in 1968, the building sits on a 0.35-acre parcel along SE McLoughlin Boulevard in Gladstone. The property is identified as Glad-C3 zoning and features a flat roof. Its two-suite configuration supports a medical office user requiring a larger primary space with an additional separately configured commercial unit.

Key Highlights

• 4,000‑square‑foot freestanding medical office property
• Two‑unit configuration with 3,200 SF dental office and 800 SF secondary unit
• Newer dental office buildout in the larger suite

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,177

Cap Rate

4.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,223,540 $1.2M

Cap Rate 7%

$873,957 $874.0K

Cap Rate 9%

$679,744 $679.7K

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$118.6K $29.64/SF

− Vacancy

−$16.6K −$4.15/SF

EGI

$102.0K $25.49/SF

− OpEx

−$40.8K −$10.20/SF

NOI

$61.2K $15.29/SF

Area

Clackamas County, OR

Vacancy

14.00%

Lease Rate

$29.64 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,223,540

Cap Rate 7%

$873,957

Cap Rate 9%

$679,744

Alternative Uses

Best Use

Healthcare Medical

$874.0K

$764.7K – $1.02M (±1% cap)

NOI $61,177 @ 7.0% cap · market cap 4.71%

Second Best

Retail

$794.8K

$695.4K – $927.2K (±1% cap)

NOI $55,633 @ 7.0% cap · market cap 4.28%

Theoretical Best

Office A

$1.08M

$944.7K – $1.26M (±1% cap)

NOI $75,579 @ 7.0% cap · market cap 5.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Bos Dental Dental Office Sofas by Design Furniture & Home Goods Bernard Bos Dental Office Asha R. Powell-Stormberg, ... Alternative Medicine Practice

Suggested Use

Top Pick Real Estate Agency Electrical Service Pharmacy Barber Shop Garden Center Computer & Electronic Repair

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

1

Office units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

449

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 97027, OR

12,599

Population

5,365

Households

2.3

Avg Household Size

41

Median Age

24%

College-Educated

92%

High-School Grad

2.5 sq mi

ZIP Area

5,040

Density / Sq Mi

$91,957

Median Household Income

$49,689

Median Earnings

$1,721

Median Rent

$464,700

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 medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• International Canine Semen Bank — 430 W Arlington St, Gladstone, OR 97027
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Frequently Asked Questions

What type of property is this?

Medical Office Space - Freestanding commercial property with a dental office buildout and a separate retail-oriented suite.

Where is this medical office space located?

The property is located at 19230 SE MCLOUGHLIN Blvd Gladstone, OR.

What is the asking price?

The asking price for this property is $1,299,000.

What are key features of this property?

This property features: 4,000‑square‑foot freestanding medical office property; Two‑unit configuration with 3,200 SF dental office and 800 SF secondary unit; Newer dental office buildout in the larger suite