Downtown Storefront with Development
For Sale
$999,950
210 MOLALLA AVE, Molalla, OR 97038
C-1 zoning supports retail, office, service, and mixed-use concepts along Molalla’s main commercial corridor.
Property Size3,433 SF
Price / SF$291.28
Days on Market175
Property Features for 210 MOLALLA AVE
General Information
Standard status
Active
Size
3,433 SF
Property subtype
General Commercial
Zoning
C-1
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,722
Amenities
Heat Pump
3
Tar Gravel, Shingle
City
SqFt10000to14999
Fenced, Office/Library. Paved Road.
Building Details
Year Built
1930
Listing Agency:
eXp Realty, LLC
(971) 803-1590
Listed By:
Stephen FitzMaurice · License #26531
(971) 803-1590
Source:
Xome
Added: Mar 10
Changed: Aug 31
Last Checked: Aug 31 at 3:16PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
The offering includes storefront property at 208 and 210 N Molalla Ave with 3,433 SF, a heat pump, office/library space, fencing, and paved-road access. The building dates to 1930 and has a tar-and-gravel and shingle roof. An operating business on the property may also be available for purchase.
Three tax lots are included, with two rear lots offering buildable potential subject to buyer due diligence and city approval. The C-1 Central Commercial designation supports retail, office, service-oriented businesses, and mixed-use concepts. The property is positioned along N Molalla Avenue in downtown Molalla, with access to Highway 213 and the greater Clackamas County area.
Three tax lots are included, with two rear lots offering buildable potential subject to buyer due diligence and city approval. The C-1 Central Commercial designation supports retail, office, service-oriented businesses, and mixed-use concepts. The property is positioned along N Molalla Avenue in downtown Molalla, with access to Highway 213 and the greater Clackamas County area.
Key Highlights
- 3,433 SF storefront property at 208 and 210 N Molalla Ave
- Three tax lots included, including two rear lots with buildable potential
- C‑1 Central Commercial zoning
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
$47,747
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
4.77%
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%
$954,940
$954.9K
Cap Rate 7%
$682,100
$682.1K
Cap Rate 9%
$530,522
$530.5K
Market Conditions
NOI Build-Up for 3,433 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
$73.7K $21.48/SF
− Vacancy
−$5.5K −$1.61/SF
EGI
$68.2K $19.87/SF
− OpEx
−$20.5K −$5.96/SF
NOI
$47.7K $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%
$954,940
Cap Rate 7%
$682,100
Cap Rate 9%
$530,522
Alternative Uses
Best Use
Retail
$682.1K
$596.8K – $795.8K
NOI $47,747 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$926.7K
$810.8K – $1.08M
NOI $64,866 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
51k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Home Improvements & Furnishings 20%
Dining 9%
Electronics 3%
Bi-Mart
Shops & Services
17,038 visits/mo
0.3 miles
Molalla Ace Hardware
Home Improvements & Furnishings
10,196 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
4,362 visits/mo
0.3 miles
U.S. Bank
Shops & Services
4,005 visits/mo
0.2 miles
Columbia Bank
Shops & Services
3,660 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Victory Seed Company — Molalla, OR 97038
- Wild Iris Flowers & Gifts 234 Center Ave Molalla Or 97038 — 234 Center Ave, Molalla, OR 97038
- Affolter Farms — S Vaughan Rd, Molalla, OR 97038
Frequently Asked Questions
What type of property is this?
Storefront property - C-1 zoning supports retail, office, service, and mixed-use concepts along Molalla’s main commercial corridor.
Where is this storefront property located?
The property is located at 210 MOLALLA AVE Molalla, OR.
What is the asking price?
The asking price for this property is $999,950.
What are key features of this property?
This property features: 3,433 SF storefront property at 208 and 210 N Molalla Ave; Three tax lots included, including two rear lots with buildable potential; C‑1 Central Commercial zoning
