Bank Building with
New
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 Market1
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) 303-5917
Source:
Christiesrealestateevg
Added: Sep 13
Last Checked: Sep 13 at 2:51PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,587
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
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
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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
