Downtown Mixed-Use
New
For Sale
$2,100,000
217 7th St, Oregon City, OR 97045
A 1920-built property combines retail, office, and warehouse space.
Property Size13,855 SF
Price / SF$151.57
Days on Market5
Property Features for 217 7th St
General Information
Standard status
Active
Size
13,855 SF
Building Details
Year Built
1920
Listing Agency:
Tim Shannon Realty, Inc.
(503) 309-4106
Listed By:
Tim Shannon · License #890800048
Source:
Foxrealestategroups
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 26 at 10:19AM
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 Tim Shannon Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1920, this mixed-use commercial property brings together retail, office, and warehouse components within one downtown Oregon City asset. The combination of these space types supports a range of commercial configurations while retaining the character of an established building.
The property is located at 217 7th St in Oregon City, adjacent to the historic elevator. Its downtown setting places the building within the city’s established commercial core.
The property is located at 217 7th St in Oregon City, adjacent to the historic elevator. Its downtown setting places the building within the city’s established commercial core.
Key Highlights
- Mixed‑use property with retail, office, and warehouse space
- Built in 1920
- Downtown Oregon City location
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
$192,699
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
9.18%
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%
$3,853,980
$3.9M
Cap Rate 7%
$2,752,843
$2.8M
Cap Rate 9%
$2,141,100
$2.1M
Market Conditions
NOI Build-Up for 13,855 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
$297.6K $21.48/SF
− Vacancy
−$22.3K −$1.61/SF
EGI
$275.3K $19.87/SF
− OpEx
−$82.6K −$5.96/SF
NOI
$192.7K $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%
$3,853,980
Cap Rate 7%
$2,752,843
Cap Rate 9%
$2,141,100
Alternative Uses
Best Use
Mixed Use
$3.11M
$2.72M – $3.63M
NOI $217,651 @ 7.0% cap · market cap 10.36%
Second Best
Retail
$2.75M
$2.41M – $3.21M
NOI $192,699 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$3.74M
$3.27M – $4.36M
NOI $261,786 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
Explore this area
Business Placement
Demographics for 97045, OR
57,403
Population
21,702
Households
2.6
Avg Household Size
41
Median Age
33%
College-Educated
95%
High-School Grad
86.8 sq mi
ZIP Area
661
Density / Sq Mi
$100,388
Median Household Income
$49,342
Median Earnings
$1,600
Median Rent
$563,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A 1920-built property combines retail, office, and warehouse space.
Where is this mixed-use property located?
The property is located at 217 7th St Oregon City, OR.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Mixed‑use property with retail, office, and warehouse space; Built in 1920; Downtown Oregon City location
