Versatile Commercial Building in
For Sale
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301 SW Belair Dr, Clatskanie, OR
2,300 SF building on a 14,140 SF lot for sale.
Property Size2,300 SF
Lot Size0.21 Acres
Price / SF$141.30
Days on Market391
Property Features for 301 SW Belair Dr
General Information
Standard status
Active
Size
2,300 SF
Lot size
0.21 Acres
Property subtype
OFFICE
Listing Agency:
Woodford Commercial Real Estate
(360) 556-5101
Listed By:
Chris Roewe · License #23495
(360) 556-5101
Source:
Moodyscre
Added: Jul 18, 2025
Changed: Aug 8
Last Checked: Aug 11 at 10:39AM
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 Woodford Commercial Real Estate
Investment Insights
Based on property information with market context.
This approximately 2,300 square foot commercial building is located on a 14,140 square foot lot in Clatskanie, Oregon. The property features 9 offices, 2 restrooms, a breakroom with a kitchenette, washer and dryer hook-ups, an oversize reception and lobby area, a conference room, and an open work area. The layout allows for the space to be divided into two separate suites. The property is zoned for multiple commercial uses and offers abundant parking, visibility, and signage opportunities. The building is suitable for professional, medical, or retail uses and can generate rental income. The property was formerly a dental office.
Key Highlights
- Versatile 2,300 SF building suitable for professional, medical, or retail uses.
- Large 14,140 SF lot with abundant parking, visibility, and signage opportunities.
- Flexible layout with 9 offices, 2 restrooms, breakroom with kitchenette, conference room, and open work area.
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
$29,773
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
9.16%
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%
$595,460
$595.5K
Cap Rate 7%
$425,329
$425.3K
Cap Rate 9%
$330,811
$330.8K
Market Conditions
NOI Build-Up for 2,300 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
$52.4K $22.80/SF
− Vacancy
−$12.7K −$5.54/SF
EGI
$39.7K $17.26/SF
− OpEx
−$9.9K −$4.31/SF
NOI
$29.8K $12.94/SF
Area
Columbia 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 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%
$595,460
Cap Rate 7%
$425,329
Cap Rate 9%
$330,811
Alternative Uses
Best Use
Healthcare Medical
$495.0K
$433.2K – $577.5K
NOI $34,652 @ 7.0% cap · market cap 10.66%
Second Best
Office B
$425.3K
$372.2K – $496.2K
NOI $29,773 @ 7.0% cap · market cap 9.16%
Theoretical Best
Office A
$620.8K
$543.2K – $724.3K
NOI $43,458 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- PippinDoc — 905 NE Van St, Clatskanie, OR 97016
Frequently Asked Questions
What type of property is this?
Medical Office Space - 2,300 SF building on a 14,140 SF lot for sale.
Where is this medical office space located?
The property is located at 301 SW Belair Dr Clatskanie, OR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Versatile 2,300 SF building suitable for professional, medical, or retail uses.; Large 14,140 SF lot with abundant parking, visibility, and signage opportunities.; Flexible layout with 9 offices, 2 restrooms, breakroom with kitchenette, conference room, and open work area.
