Mixed-Use Building Near Historic
For Sale
$2,100,000
217 7TH St, Oregon City, OR 97045
CommercialSale, OregonCity, OR
Property Size13,855 SF
Price / SF$151.57
Days on Market69
Property Features for 217 7TH St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Directions
7th St below Elevator
Subdivision
_146
Standard status
Active
APN
00572507
Size
13,855 SF
Taxes and HOA fees
Tax Description
2 OREGON CITY LTS 3&4 BLK 24
Tax Annual Amount
9443
Legal Description
2 OREGON CITY LTS 3&4 BLK 24
Utilities
Heating system
Forced Air
Building Details
Year built
1920
Listing Agency:
Tim Shannon Realty, Inc.
(503) 309-4106
Listed By:
Tim Shannon · License #890800048
(503) 309-4106
Added: Jun 18
Changed: Aug 25
Last Checked: Aug 25 at 11:06AM
MLS# 765539443
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 13,855-square-foot mixed-use commercial building dates to 1920 and incorporates retail areas, offices, and warehouse accommodation. The property has forced-air heating and carries Mixed zoning.
Situated in downtown Oregon City, the building is next to the historic elevator and is located at 217 7TH St. Its combination of commercial space types provides a varied existing configuration within a single property.
Situated in downtown Oregon City, the building is next to the historic elevator and is located at 217 7TH St. Its combination of commercial space types provides a varied existing configuration within a single property.
Key Highlights
- 13,855 square feet of mixed‑use commercial space
- Retail, office, and warehouse areas within one building
- Built in 1920
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 - Downtown property combines retail, office, and warehouse areas with forced-air heating.
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: 13,855 square feet of mixed‑use commercial space; Retail, office, and warehouse areas within one building; Built in 1920
