22024 S Beavercreek Rd, Beavercreek, OR 97004

Building Details

Year Built 1945 More

Listing Agency: Trident Real Estate Solutions

Listed By: Sandra McLeod · License OR #200108207 Show Phone

Source: Evokepropertypartners

Added: Mar 27 Changed: Oct 26 Last Checked: Oct 7 at 1:00PM

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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 Trident Real Estate Solutions

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Investment Insights

Based on property information with market context.

This property features a high-visibility site with two two-story buildings situated on two lots, effectively functioning as one property. The zoning, RC, is similar to Light Industrial 1 and C3, suggesting a range of potential uses. The property size is 18750 square feet, offering substantial space for various commercial activities.

Key Highlights

• High visibility location makes this property a standout.
• Two buildings on the property offer diverse possibilities.
• Both buildings are two stories.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$78,456

Cap Rate

4.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,569,120 $1.6M

Cap Rate 7%

$1,120,800 $1.1M

Cap Rate 9%

$871,733 $871.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,500 SF

Gross rent

$120.0K $9.60/SF

− Vacancy

−$7.9K −$0.63/SF

EGI

$112.1K $8.97/SF

− OpEx

−$33.6K −$2.69/SF

NOI

$78.5K $6.28/SF

Area

Clackamas County, OR

Vacancy

6.60%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,569,120

Cap Rate 7%

$1,120,800

Cap Rate 9%

$871,733

Alternative Uses

Best Use

Mixed Use

$2.81M

$2.45M – $3.27M (±1% cap)

NOI $196,365 @ 7.0% cap · market cap 12.27%

Second Best

Retail

$2.48M

$2.17M – $2.90M (±1% cap)

NOI $173,854 @ 7.0% cap · market cap 10.87%

Theoretical Best

Office A

$3.37M

$2.95M – $3.94M (±1% cap)

NOI $236,184 @ 7.0% cap · market cap 14.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Brooks Motor Co ... Auto Repair Shop

Suggested Use

Top Pick Restaurant Furniture & Home Goods Bakery Auto Repair Shop Electrical Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

86

Businesses Nearby

Explore this area Business Placement

Demographics for 97004, OR

4,543

Population

1,693

Households

2.7

Avg Household Size

47

Median Age

29%

College-Educated

96%

High-School Grad

43.2 sq mi

ZIP Area

105

Density / Sq Mi

$114,167

Median Household Income

$62,639

Median Earnings

$1,482

Median Rent

$691,400

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-story buildings on two lots with mixed-use potential.

Where is this mixed-use property located?

The property is located at 22024 S Beavercreek Rd Beavercreek, OR.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: High visibility location makes this property a standout.; Two buildings on the property offer diverse possibilities.; Both buildings are two stories.