Mixed-Use Building with
New
For Sale
$1,550,000
222 Molalla Ave, Oregon City, OR 97045
Separate upper-floor access and a street address distinguish the building’s second-level space from its ground-floor retail area.
Property Size7,800 SF
Price / SF$198.72
Days on Market4
Property Features for 222 Molalla Ave
General Information
Standard status
Active
Size
7,800 SF
Total Parking Spaces
29
Property subtype
Commercial
Zoning
MUC1
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$17,780
Amenities
monument signage
storage
loading doors
kitchen/break room area
security cameras
building security system
Building Details
Building Size
7,800 SF
Year Built
1944
Buildings
1
Stories
2
Listing Agency:
Keller Williams PDX Central
Listed By:
Kaya Liden
(503) 847-5903
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:54PM
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 Keller Williams PDX Central
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Investment Insights
Based on property information with market context.
The 7,800-square-foot building was constructed in 1944 and contains approximately 6,000 square feet of ground-floor retail space, with open areas, storage, loading doors, a kitchen and break room, security cameras, and a building security system. The upper floor has its own entrance and street address; before its 2017 purchase, it was used as a two-bedroom, one-bathroom apartment with a full kitchen.
The property is at a signalized intersection in Oregon City’s Molalla Avenue business corridor and is within the Oregon City Opportunity Zone. It has 29 off-street parking spaces and monument signage, with MUC1 zoning.
The property is at a signalized intersection in Oregon City’s Molalla Avenue business corridor and is within the Oregon City Opportunity Zone. It has 29 off-street parking spaces and monument signage, with MUC1 zoning.
Key Highlights
- Approximately 6,000 square feet of ground‑floor retail space in a 7,800‑square‑foot building
- 29 off‑street parking spaces and existing monument signage
- Upper floor has a separate entrance and street address
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,532
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,450,640
$2.5M
Cap Rate 7%
$1,750,457
$1.8M
Cap Rate 9%
$1,361,467
$1.4M
Market Conditions
NOI Build-Up for 7,800 SF
Gross rent
$231.2K $29.64/SF
− Vacancy
−$35.1K −$4.51/SF
EGI
$196.1K $25.13/SF
− OpEx
−$73.5K −$9.43/SF
NOI
$122.5K $15.71/SF
Area
Clackamas County, OR
Vacancy
15.20%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,450,640
Cap Rate 7%
$1,750,457
Cap Rate 9%
$1,361,467
Alternative Uses
Best Use
Mixed Use
$1.75M
$1.53M – $2.04M
NOI $122,532 @ 7.0% cap · market cap 7.91%
Second Best
Retail
$1.55M
$1.36M – $1.81M
NOI $108,485 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,379 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
1,228
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 32%
Shops & Services 22%
Grocery Outlet Bargain Market
Groceries
16,436 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
16,179 visits/mo
0.2 miles
Taco Time
Dining
7,175 visits/mo
0.1 miles
Plaid Pantry
Shops & Services
4,327 visits/mo
0.1 miles
Chevron
Shops & Services
3,430 visits/mo
0.4 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate upper-floor access and a street address distinguish the building’s second-level space from its ground-floor retail area.
Where is this mixed-use property located?
The property is located at 222 Molalla Ave Oregon City, OR.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Approximately 6,000 square feet of ground‑floor retail space in a 7,800‑square‑foot building; 29 off‑street parking spaces and existing monument signage; Upper floor has a separate entrance and street address
