Single-Tenant Retail
201 West Historic Columbia River Highway Troutdale, OR 97060
201 West Historic Columbia River Highway, Troutdale, OR, 97060
$2,395,000
For Sale
$2,395,000
Built in 1941 and remodeled in 2008, this retail property sits on 1.05 acres with nearly 300 feet of street frontage.
Property Size16,865 SF
Lot Size1.05 Acres
Price / SF$142.01
Days on Market28
Property Features for 201 West Historic Columbia River Highway
General Information
- Standard status
- Active
- Size
- 16,865 SF
- Lot size
- 1.05 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1941
Listing agency
Capacity Commercial Group
(503) 969-9596
Listed by
Jim Wierson II · License #22037525
(503) 969-9596
Source
Capacitycommercial
Added: Jun 25 Updated: Jul 21 at 4:53AM Checked: Jul 22 at 5:34AM
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.
Located at the gateway to the Columbia River Gorge, 201 W Historic Columbia River Hwy is a 16,865 SF single-tenant retail building on a 1.05-acre parcel with nearly 300 feet of street frontage. The property was built in 1941 and remodeled in 2008, and it is currently positioned for continued retail occupancy under MU-1 mixed-use zoning.
The site provides approximately 2.3 parking spaces per 1,000 SF and is minutes from I-84, about 12 miles east of Portland. This combination of frontage and highway proximity supports a high-visibility retail setting on a standalone parcel.
The available configuration is a single-tenant building, offering one consolidated retail footprint on the street-facing site.
The site provides approximately 2.3 parking spaces per 1,000 SF and is minutes from I-84, about 12 miles east of Portland. This combination of frontage and highway proximity supports a high-visibility retail setting on a standalone parcel.
The available configuration is a single-tenant building, offering one consolidated retail footprint on the street-facing site.
Key Highlights
- 16,865 SF single‑tenant retail building on a 1.05‑acre parcel with nearly 300 ft of street frontage.
- Built in 1941 and remodeled in 2008.
- MU‑1 mixed‑use zoning.
Local Financial Insights For Retail
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 | $303.6k | $18.00 |
| − Vacancy | −$22.8k | −$1.35 |
| EGI | $280.8k | $16.65 |
| − OpEx | −$84.2k | −$5.00 |
| NOI | $196.6k | $11.66 |
16,865 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Built in 1941 and remodeled in 2008, this retail property sits on 1.05 acres with nearly 300 feet of street frontage.
Where is this retail space located?
The property is located at 201 West Historic Columbia River Highway 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: 16,865 SF single‑tenant retail building on a 1.05‑acre parcel with nearly 300 ft of street frontage.; Built in 1941 and remodeled in 2008.; MU‑1 mixed‑use zoning.
