Three-Lot Storefront
New
For Sale
$999,950
210 N Molalla Ave, Molalla, OR 97038
C-1 zoning supports a range of commercial uses, including retail, office, and service businesses.
Property Size3,433 SF
Price / SF$291.28
Days on Market4
Property Features for 210 N Molalla Ave
General Information
Standard status
Active
Size
3,433 SF
Property subtype
Commercial
Zoning
C-1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$1,722
Building Details
Building Size
3,433 SF
Year Built
1930
Stories
1
Listing Agency:
eXp Realty, LLC
Listed By:
Stephen FitzMaurice · License #200308110
(503) 939-8231
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:26PM
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
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Investment Insights
Based on property information with market context.
This 3,433-square-foot storefront property, built in 1930, comprises three tax lots at 208 and 210 N Molalla Ave. The two lots behind the main property are identified as buildable, subject to buyer due diligence and city approval, offering potential for additional space or expansion. C-1 zoning supports retail, office, service-oriented, and mixed-use concepts.
The property is in downtown Molalla along N Molalla Avenue, with access to Highway 213. Local businesses, restaurants, and community services are located in the surrounding area.
The property is in downtown Molalla along N Molalla Avenue, with access to Highway 213. Local businesses, restaurants, and community services are located in the surrounding area.
Key Highlights
- 3,433‑square‑foot storefront property built in 1930
- Three tax lots; two rear lots have buildable potential, subject to due diligence and city approval
- C‑1 zoning supports retail, office, service, and mixed‑use concepts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,747
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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 a range of commercial uses, including retail, office, and service businesses.
Where is this storefront property located?
The property is located at 210 N 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‑square‑foot storefront property built in 1930; Three tax lots; two rear lots have buildable potential, subject to due diligence and city approval; C‑1 zoning supports retail, office, service, and mixed‑use concepts
