Former Bank Drive-Through
200 CENTER Ave Unit 200 Molalla, OR 97038
For Sale
$1,299,000
Former bank building on a landscaped corner lot with a drive-through window, vault, large windows, and high ceilings.
Property Size4,500 SF
Price / SF$288.67
Days on Market356
Property Features for 200 CENTER Ave Unit 200
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1980
Listing Agency:
Engel & Volkers West Portland
(503) 819-2430
Listed By:
Tedi McKnight-Heikes
(503) 819-2430
Source:
Xome
Added: Aug 2, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:54AM
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.
This former bank building sits on a landscaped corner lot and is approximately 4,500 square feet. The property still includes a drive-through window and a vault, along with large windows and high ceilings that bring natural light into the interior. The layout features an entry lobby area, a large break room, restrooms, and back-of-house storage.
The building offers off-street parking on a large parking lot and includes a free-standing light box pylon sign for business visibility. It is shown by appointment only.
The existing improvements and drive-through feature support a range of commercial uses described in the remarks, including office, retail, restaurant, medical, veterinary, or coffee/food concepts.
The building offers off-street parking on a large parking lot and includes a free-standing light box pylon sign for business visibility. It is shown by appointment only.
The existing improvements and drive-through feature support a range of commercial uses described in the remarks, including office, retail, restaurant, medical, veterinary, or coffee/food concepts.
Key Highlights
- Approx 4,500 SF former bank building on a landscaped corner lot in Molalla
- Drive‑through window and vault included in the building
- Central air cooling and heating system listed as “3”
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Former bank building on a landscaped corner lot with a drive-through window, vault, large windows, and high ceilings.
Where is this bank located?
The property is located at 200 CENTER Ave Unit 200 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: Approx 4,500 SF former bank building on a landscaped corner lot in Molalla; Drive‑through window and vault included in the building; Central air cooling and heating system listed as “3”
