Freestanding Bank
For Sale
$1,150,000
200 CENTER AVE, Molalla, OR 97038
Molalla, OR
Property Size4,500 SF
Price / SF$255.56
Days on Market106
Property Features for 200 CENTER AVE
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Amenities
staff break room
multiple restrooms
storage areas
light-filled lobby
high ceilings
drive-through lane
secure vault
freestanding lighted pylon sign
Building Details
Year built
1980
Listing Agency:
Engel & Volkers West Portland · Engel & Völkers
(503) 303-5917
Listed By:
Tedi McKnight-Heikes
Added: Jul 15
Changed: Oct 10
Last Checked: Oct 28 at 7:06PM
MLS# 376985098
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,500 SF commercial building was constructed in 1980 as a bank and retains features that support a range of potential commercial applications. The property includes a drive-through lane, secure vault features, a spacious lobby with abundant natural light, large windows, and high ceilings. Interior support areas include a staff break room, multiple restrooms, and substantial storage space.
Set on a landscaped corner at 200 Center Ave in Molalla, the property includes a generous on-site parking lot and a freestanding lighted pylon sign. The source information identifies potential applications including professional or medical offices, retail, restaurant or cafe concepts with drive-through capability, financial services, and veterinary care. Offered by appointment only.
Set on a landscaped corner at 200 Center Ave in Molalla, the property includes a generous on-site parking lot and a freestanding lighted pylon sign. The source information identifies potential applications including professional or medical offices, retail, restaurant or cafe concepts with drive-through capability, financial services, and veterinary care. Offered by appointment only.
Key Highlights
- 4,500 SF commercial building constructed in 1980
- Former bank with existing drive‑through lane and secure vault features
- Light‑filled 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 with drive-through infrastructure, secure vault features, and flexible interior space for commercial occupancy.
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 commercial building constructed in 1980; Former bank with existing drive‑through lane and secure vault features; Light‑filled lobby with expansive windows and high ceilings
