Freestanding Bank Building with
200 Center Ave Molalla, OR 97038
For Sale
$1,299,000
Former bank property with drive-through lane, secure vault, spacious lobby, and parking on a landscaped corner.
Property Size4,500 SF
Price / SF$288.67
Days on Market232
Property Features for 200 Center Ave
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Building Details
Year Built
1980
Listing Agency:
Engel & Volkers West Portland
(503) 819-2430
Listed By:
Tedi McKnight-Heikes
(503) 819-2430
Source:
Allprofessionalsre
Added: Dec 10, 2025
Changed: Jul 28
Last Checked: Jul 29 at 12:59PM
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 Engel & Volkers West Portland
Investment Insights
Based on property information with market context.
Positioned on a prominent, landscaped corner in the Molalla market, this approximately 4,500 SF commercial property was formerly a bank and retains value-added infrastructure, including a drive-through lane and a secure vault. The interior features a spacious, light-filled lobby with expansive windows and high ceilings, providing a flexible environment for a range of commercial applications.
The layout also includes a large staff break room, multiple restrooms, ample storage areas, and a generous on-site parking lot. A prominent freestanding lighted pylon sign is included to support branding and visibility along this well-traveled location.
The building’s retained drive-through capability and existing improvements may be well suited for owner-user or investment scenarios seeking professional, medical, retail, restaurant or café concepts, financial services, or specialty practices such as veterinary care. Appointment-only showings are available.
The layout also includes a large staff break room, multiple restrooms, ample storage areas, and a generous on-site parking lot. A prominent freestanding lighted pylon sign is included to support branding and visibility along this well-traveled location.
The building’s retained drive-through capability and existing improvements may be well suited for owner-user or investment scenarios seeking professional, medical, retail, restaurant or café concepts, financial services, or specialty practices such as veterinary care. Appointment-only showings are available.
Key Highlights
- Former bank property built in 1980 with drive‑through lane and secure vault infrastructure
- ±4,500 SF commercial building with spacious, light‑filled lobby featuring expansive windows and high ceilings
- Prominent freestanding lighted pylon sign for visibility and branding along a well‑traveled location
Financial Insights For Healthcare Medical
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 | $133.4k | $29.64 |
| − Vacancy | −$18.7k | −$4.15 |
| EGI | $114.7k | $25.49 |
| − OpEx | −$45.9k | −$10.20 |
| NOI | $68.8k | $15.29 |
4,500 SF · lease $29.64/SF/yr · vacancy 14.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$983.2K
$860.3K – $1.15M
NOI $68,824 @ 7.0% cap · market cap 5.30%
Second Best
Retail
$894.1K
$782.3K – $1.04M
NOI $62,587 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,026 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Bank - Former bank property with drive-through lane, secure vault, spacious lobby, and parking on a landscaped corner.
Where is this bank located?
The property is located at 200 Center Ave Molalla, 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: Former bank property built in 1980 with drive‑through lane and secure vault infrastructure; ±4,500 SF commercial building with spacious, light‑filled lobby featuring expansive windows and high ceilings; Prominent freestanding lighted pylon sign for visibility and branding along a well‑traveled location
