Industrial Flex
For Sale
Contact for pricing
2600 Industrial Ave, Hubbard, OR 97032
Built in 2000, the property offers industrial space with (I) Industrial zoning and regional highway access.
Property Size8,000 SF
Lot Size0.47 Acres
Price / SF$175
Days on Market211
Property Features for 2600 Industrial Ave
General Information
Standard status
Active
Size
8,000 SF
Class
B
Lot size
0.47 Acres
Property subtype
Office, Industrial
Zoning
(I) Industrial
Additional Details
Highway Access
Yes
Building Details
Year Built
2000
Buildings
1
Building Size
8,000 SF
Listing Agency:
Colliers - Portland, Oregon
Listed By:
Tom Knecht
Source:
Crexi
Added: Jan 31
Changed: Aug 30
Last Checked: Aug 30 at 1:29PM
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 Colliers - Portland, Oregon
Investment Insights
Based on property information with market context.
This flex space comprises an 8,000-square-foot industrial building completed in 2000 on approximately 0.47 acres. The property carries (I) Industrial zoning and is identified for distribution, service, last-mile delivery, manufacturing, and contractor-support operations.
Located at 2600 Industrial Ave in Hubbard, Oregon, the building is less than a half-mile from Oregon Route 99E, with connections to Interstate 5. Its established industrial-area setting supports access for businesses requiring a functional industrial location near regional transportation routes.
Located at 2600 Industrial Ave in Hubbard, Oregon, the building is less than a half-mile from Oregon Route 99E, with connections to Interstate 5. Its established industrial-area setting supports access for businesses requiring a functional industrial location near regional transportation routes.
Key Highlights
- 8,000‑square‑foot industrial building completed in 2000
- Approximately 0.47 acres
- (I) Industrial zoning
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
$69,430
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
4.96%
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%
$1,388,600
$1.4M
Cap Rate 7%
$991,857
$991.9K
Cap Rate 9%
$771,444
$771.4K
Market Conditions
NOI Build-Up for 8,000 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
$103.2K $12.90/SF
− Vacancy
−$4.0K −$0.50/SF
EGI
$99.2K $12.40/SF
− OpEx
−$29.8K −$3.72/SF
NOI
$69.4K $8.68/SF
Area
Marion County, OR
Vacancy
3.89%
Lease Rate
$12.90 /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%
$1,388,600
Cap Rate 7%
$991,857
Cap Rate 9%
$771,444
Alternative Uses
Best Use
Industrial
$991.9K
$867.9K – $1.16M
NOI $69,430 @ 7.0% cap · market cap 4.96%
Second Best
Flex RnD
$828.1K
$724.6K – $966.2K
NOI $57,970 @ 7.0% cap · market cap 4.14%
Theoretical Best
Specialty Retail
$1.88M
$1.65M – $2.20M
NOI $131,702 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97032, OR
5,188
Population
1,805
Households
2.9
Avg Household Size
35
Median Age
23%
College-Educated
85%
High-School Grad
17.9 sq mi
ZIP Area
290
Density / Sq Mi
$100,301
Median Household Income
$47,561
Median Earnings
$1,492
Median Rent
$444,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Built in 2000, the property offers industrial space with (I) Industrial zoning and regional highway access.
Where is this flex space located?
The property is located at 2600 Industrial Ave Hubbard, OR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 8,000‑square‑foot industrial building completed in 2000; Approximately 0.47 acres; (I) Industrial zoning
