Updated Downtown Office
For Sale
$749,000
285 NE 3RD Ave, Canby, OR 97013
CommercialSale, Canby, OR
Property Size2,037 SF
Lot Size0.13 Acres
Price / SF$367.70
Days on Market237
Property Features for 285 NE 3RD Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Directions
Hwy 170/Ivy Str to Right onto 3rd Ave to 285 NE 3rd on right (just a couple blocks from Fair ground)
Subdivision
_146
Standard status
Active
APN
05007152
Size
2,037 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
SECTION 33 TOWNSHIP 3S RANGE 1E QUARTER DB TAX LOT 02601
Tax Annual Amount
3797
Legal Description
SECTION 33 TOWNSHIP 3S RANGE 1E QUARTER DB TAX LOT 02601
Utilities
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Heat Pump
Amenities
remodeled lobby
conference room
multiple private offices
project room
lunchroom
multiple entrances
Building Details
Year built
1937
Floors in Building
2
Building materials
Brick, Concrete, WoodFrame
Roof type
Composition
Listing Agency:
Firefly Real Estate
(503) 829-8328
Listed By:
Aimee Davis · License #ORE990100198
(503) 752-6966
Added: Feb 20
Changed: Oct 13
Last Checked: Oct 15 at 9:06AM
MLS# 247565227
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 2,037-square-foot office property dates to 1937 and has been updated, including a remodeled lobby. The interior configuration includes multiple private offices, a conference room, a project room, and a lunchroom. Multiple entrances support access to the building, which has six on-site parking spaces; street and public parking are also nearby.
The property is at 285 NE 3rd Avenue in downtown Canby, next to the Canby Civic Center. Restaurants, shopping, banking, city services, and other everyday amenities are nearby. Zoned C-1, the site encompasses 0.13 acres.
The property is at 285 NE 3rd Avenue in downtown Canby, next to the Canby Civic Center. Restaurants, shopping, banking, city services, and other everyday amenities are nearby. Zoned C-1, the site encompasses 0.13 acres.
Key Highlights
- 2,037 square feet of updated office space
- Remodeled lobby, multiple private offices, conference room, project room, and lunchroom
- Six on‑site parking spaces, with additional street and nearby public parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,368
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,360
$527.4K
Cap Rate 7%
$376,686
$376.7K
Cap Rate 9%
$292,978
$293.0K
Market Conditions
NOI Build-Up for 2,037 SF
Gross rent
$46.4K $22.80/SF
− Vacancy
−$11.3K −$5.54/SF
EGI
$35.2K $17.26/SF
− OpEx
−$8.8K −$4.31/SF
NOI
$26.4K $12.94/SF
Area
Clackamas County, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,360
Cap Rate 7%
$376,686
Cap Rate 9%
$292,978
Alternative Uses
Best Use
Office B
$376.7K
$329.6K – $439.5K
NOI $26,368 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$549.8K
$481.1K – $641.5K
NOI $38,489 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
Demographics for 97013, OR
24,512
Population
9,152
Households
2.7
Avg Household Size
41
Median Age
30%
College-Educated
88%
High-School Grad
58.9 sq mi
ZIP Area
416
Density / Sq Mi
$99,343
Median Household Income
$49,207
Median Earnings
$1,439
Median Rent
$509,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - A 2,037-square-foot workplace includes private offices, a conference room, and on-site parking.
Where is this office building located?
The property is located at 285 NE 3RD Ave Canby, OR.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2,037 square feet of updated office space; Remodeled lobby, multiple private offices, conference room, project room, and lunchroom; Six on‑site parking spaces, with additional street and nearby public parking
