Downtown Storefront
For Sale
$999,950
210 N MOLALLA Ave, Molalla, OR 97038
CommercialSale, Molalla, OR
Property Size3,433 SF
Lot Size0.26 Acres
Price / SF$291.28
Days on Market168
Property Features for 210 N MOLALLA Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
View
City
Directions
W Main St to N Molalla Ave
Subdivision
_146
Standard status
Active
APN
01097752
Size
3,433 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
360 THE SHAVER PLACE ELY 55 FT LT 5 BLK 3
Tax Annual Amount
1722
Legal Description
360 THE SHAVER PLACE ELY 55 FT LT 5 BLK 3
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1930
Floors in Building
1
Building materials
Block
Roof type
Tar/Gravel, Shingle
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Stephen FitzMaurice
(503) 939-8231
Added: Mar 11
Changed: Aug 25
Last Checked: Aug 25 at 1:06PM
MLS# 171068229
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,433-square-foot storefront property consists of a 1930-built block building with heat-pump heating and cooling, plus tar/gravel and shingle roofing. The offering includes three tax lots totaling 0.26 acres, with two rear lots identified as buildable potential for added commercial space, mixed-use development, or expansion subject to buyer due diligence and city approval.
Positioned at 208 & 210 N Molalla Ave in downtown Molalla, the property sits along the city’s main commercial corridor near local businesses, restaurants, and community services. C-1 zoning, identified as Central Commercial, supports retail, office, service-oriented, and mixed-use concepts. Highway 213 and the greater Clackamas County area are accessible from the property. The operating business on site may also be available for purchase.
Positioned at 208 & 210 N Molalla Ave in downtown Molalla, the property sits along the city’s main commercial corridor near local businesses, restaurants, and community services. C-1 zoning, identified as Central Commercial, supports retail, office, service-oriented, and mixed-use concepts. Highway 213 and the greater Clackamas County area are accessible from the property. The operating business on site may also be available for purchase.
Key Highlights
- 3,433 square feet on 0.26 acres
- Three tax lots included in the offering
- Two rear tax lots identified as buildable potential, subject to city approval
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.
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Frequently Asked Questions
What type of property is this?
Storefront property - C-1 zoning supports retail, office, service, and mixed-use concepts.
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 feet on 0.26 acres; Three tax lots included in the offering; Two rear tax lots identified as buildable potential, subject to city approval
