Remodeled Retail Storefront with
For Sale
Contact for pricing
201 W Historic Columbia River Hwy, Troutdale, OR 97060
Retail property built in 1941 and remodeled in 2008, situated in MU-1 mixed-use zoning.
Property Size16,865 SF
Price / SF$142.01
Days on Market139
Property Features for 201 W Historic Columbia River Hwy
General Information
Standard status
Active
Size
16,865 SF
Property subtype
RETAIL
Zoning
MU-1
Building Details
Year Built
1941
Year Renovated
2008
Listing Agency:
Capacity Commercial Group
(503) 969-9596
Listed By:
Jim Wierson II · License #201217195
(503) 969-9596
Source:
Moodyscre
Added: Mar 27
Changed: Jul 28
Last Checked: Jul 28 at 4:39PM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This remodeled retail storefront was built in 1941 and later remodeled in 2008, offering an investment or owner-user configuration within MU-1 mixed-use zoning. On-site parking is provided at approximately 2.3 spaces per 1,000 square feet.
The property is located at 201 W Historic Columbia River Hwy in Troutdale, Oregon, and is described as benefiting from high tourist traffic and proximity to major employment centers.
With its established retail building and mixed-use zoning, the asset is positioned to support a range of practical retail uses subject to MU-1 requirements.
The property is located at 201 W Historic Columbia River Hwy in Troutdale, Oregon, and is described as benefiting from high tourist traffic and proximity to major employment centers.
With its established retail building and mixed-use zoning, the asset is positioned to support a range of practical retail uses subject to MU-1 requirements.
Key Highlights
- Retail property built in 1941 and remodeled in 2008
- MU‑1 mixed‑use zoning
- Built‑in parking ratio of 2.3 spaces per 1,000 SF
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
$196,562
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
8.21%
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%
$3,931,240
$3.9M
Cap Rate 7%
$2,808,029
$2.8M
Cap Rate 9%
$2,184,022
$2.2M
Market Conditions
NOI Build-Up for 16,865 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
$303.6K $18.00/SF
− Vacancy
−$22.8K −$1.35/SF
EGI
$280.8K $16.65/SF
− OpEx
−$84.2K −$5.00/SF
NOI
$196.6K $11.66/SF
Area
Multnomah County, OR
Vacancy
7.50%
Lease Rate
$18.00 /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%
$3,931,240
Cap Rate 7%
$2,808,029
Cap Rate 9%
$2,184,022
Alternative Uses
Best Use
Retail
$2.81M
$2.46M – $3.28M
NOI $196,562 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,659 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
187k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 56%
Dining 30%
Shops & Services 8%
Beauty & Spa 4%
McDonald's
Dining
29,526 visits/mo
0.5 miles
Starbucks
Dining
21,747 visits/mo
0.2 miles
Coach
Apparel
11,012 visits/mo
0.2 miles
Boot Barn
Apparel
10,126 visits/mo
0.5 miles
Columbia Sportswear
Apparel
8,340 visits/mo
0.1 miles
Demographics for 97060, OR
21,792
Population
7,823
Households
2.8
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
17.5 sq mi
ZIP Area
1,245
Density / Sq Mi
$84,164
Median Household Income
$42,162
Median Earnings
$1,560
Median Rent
$425,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property built in 1941 and remodeled in 2008, situated in MU-1 mixed-use zoning.
Where is this retail space located?
The property is located at 201 W Historic Columbia River Hwy Troutdale, OR.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Retail property built in 1941 and remodeled in 2008; MU‑1 mixed‑use zoning; Built‑in parking ratio of 2.3 spaces per 1,000 SF
