Manufacturing Property with Industrial
For Sale
$6,300,000
291 Commercial Pkwy, Molalla, OR 97038
M-2 zoning accommodates manufacturing, processing, and outdoor storage uses in an established industrial setting.
Property Size45,450 SF
Days on Market51
Property Features for 291 Commercial Pkwy
General Information
Standard status
Active
Size
45,450 SF
Property subtype
Industrial
Zoning
M-2
Additional Details
Road Access
Yes
Building Details
Building Size
45,450 SF
Year Built
2006
Listed By:
Daniel Helm, SIOR
(503) 789-5750
Source:
Buildout
Added: Aug 26
Changed: Aug 28
Last Checked: Oct 14 at 9:48PM
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 Daniel Helm, SIOR
Investment Insights
Based on property information with market context.
Built in 2006, this manufacturing property is located in Molalla, within Clackamas County. Heavy Industrial (M-2) zoning is identified for manufacturing, processing, and outdoor storage uses, while the property’s established industrial setting provides a clear connection to those functions.
The property fronts the Woodburn-Estacada Highway and is approximately 35 miles from Portland, 30 miles from Salem, and 15 miles from I-5 at Woodburn. Rural and low-density surroundings characterize the broader setting, creating an industrial property context outside the major metro areas.
The property fronts the Woodburn-Estacada Highway and is approximately 35 miles from Portland, 30 miles from Salem, and 15 miles from I-5 at Woodburn. Rural and low-density surroundings characterize the broader setting, creating an industrial property context outside the major metro areas.
Key Highlights
- 2006 construction
- Heavy Industrial (M‑2) zoning
- Manufacturing, processing, and outdoor storage uses identified
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$285,266
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,705,320
$5.7M
Cap Rate 7%
$4,075,229
$4.1M
Cap Rate 9%
$3,169,622
$3.2M
Market Conditions
NOI Build-Up for 45,450 SF
Gross rent
$436.3K $9.60/SF
− Vacancy
−$28.8K −$0.63/SF
EGI
$407.5K $8.97/SF
− OpEx
−$122.3K −$2.69/SF
NOI
$285.3K $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%
$5,705,320
Cap Rate 7%
$4,075,229
Cap Rate 9%
$3,169,622
Alternative Uses
Best Use
Industrial
$4.08M
$3.57M – $4.75M
NOI $285,266 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.27M
$10.73M – $14.31M
NOI $858,765 @ 7.0% cap · market cap 13.63%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
Business Placement
Demographics for 97038, OR
17,173
Population
6,423
Households
2.7
Avg Household Size
38
Median Age
20%
College-Educated
90%
High-School Grad
130.8 sq mi
ZIP Area
131
Density / Sq Mi
$87,585
Median Household Income
$45,681
Median Earnings
$1,497
Median Rent
$452,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - M-2 zoning accommodates manufacturing, processing, and outdoor storage uses in an established industrial setting.
Where is this manufacturing property located?
The property is located at 291 Commercial Pkwy Molalla, OR.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: 2006 construction; Heavy Industrial (M‑2) zoning; Manufacturing, processing, and outdoor storage uses identified
