Bank Building with
For Sale
$1,150,000
200 Center Ave, Molalla, OR 97038
Former bank facility with secure vault, customer lobby, parking, and freestanding illuminated signage.
Property Size4,500 SF
Price / SF$255.56
Days on Market47
Property Features for 200 Center Ave
General Information
Standard status
Active
Size
4,500 SF
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Pylon Signage
Yes
Amenities
drive-through lane
secure vault
spacious lobby with high ceilings
large staff break room
multiple restrooms
ample storage
prominent freestanding lighted pylon sign
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Engel & Volkers West Portland
Listed By:
Tedi McKnight-Heikes
(503) 819-2430
Source:
Christiesrealestateevg
Added: Sep 13
Changed: Oct 26
Last Checked: Oct 7 at 4:14PM
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
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Investment Insights
Based on property information with market context.
Built in 1980, this 4,500-square-foot bank property combines customer-facing space with operational features that support continued financial use or commercial repositioning. The interior includes a bright lobby with broad windows and elevated ceilings, along with a secure vault, drive-through lane, staff break room, multiple restrooms, and storage areas.
The property occupies a landscaped corner at 200 Center Ave in Molalla, Oregon. On-site parking serves the building, while a freestanding lighted pylon sign provides a dedicated opportunity for property identification and business signage. The existing layout and infrastructure may accommodate professional office, medical, retail, restaurant, café, veterinary, or specialty practice users, subject to applicable approvals.
The property occupies a landscaped corner at 200 Center Ave in Molalla, Oregon. On-site parking serves the building, while a freestanding lighted pylon sign provides a dedicated opportunity for property identification and business signage. The existing layout and infrastructure may accommodate professional office, medical, retail, restaurant, café, veterinary, or specialty practice users, subject to applicable approvals.
Key Highlights
- 4,500 SF bank property built in 1980
- Existing drive‑through lane and secure vault
- Bright lobby with expansive windows and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,587
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,740
$1.3M
Cap Rate 7%
$894,100
$894.1K
Cap Rate 9%
$695,411
$695.4K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$96.7K $21.48/SF
− Vacancy
−$7.2K −$1.61/SF
EGI
$89.4K $19.87/SF
− OpEx
−$26.8K −$5.96/SF
NOI
$62.6K $13.91/SF
Area
Clackamas County, OR
Vacancy
7.50%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,740
Cap Rate 7%
$894,100
Cap Rate 9%
$695,411
Alternative Uses
Best Use
Retail
$894.1K
$782.3K – $1.04M
NOI $62,587 @ 7.0% cap · market cap 5.44%
Second Best
Office B
$832.2K
$728.1K – $970.9K
NOI $58,251 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,026 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
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Business Placement
Demographics for 97038, OR
17,173
Population
6,423
Households
2.7
Avg Household Size
38
Median Age
20%
College-Educated
90%
High-School Grad
130.8 sq mi
ZIP Area
131
Density / Sq Mi
$87,585
Median Household Income
$45,681
Median Earnings
$1,497
Median Rent
$452,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Bank - Former bank facility with secure vault, customer lobby, parking, and freestanding illuminated signage.
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 $1,150,000.
What are key features of this property?
This property features: 4,500 SF bank property built in 1980; Existing drive‑through lane and secure vault; Bright lobby with expansive windows and high ceilings
