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Retail Building Near Mt. Hood

38454 Pioneer Blvd, Sandy, OR 97055

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For Sale

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Free-standing retail building near Mt. Hood on 0.49 acres.

Type:Retail, Mixed Use

Property size:

4,548 SF

Lot size:

0.49 Acres

Price / SF:

$274/SF

HighLights

Located on Hwy 26, a main thoroughfare to Mt. Hood, providing easy access for customers.
Currently operating as a well‑known retail store (Next Adventure) with a ski shop, offering immediate business potential.
Located directly east of Sandlandia Food Cart Pod, attracting potential customers.
Located near Joe's Donut shop, increasing foot traffic.
Free‑standing retail building on .49 acres.
Located within the City of Sandy.

We can help!

Contact an agent

Jon Rubey

For Sale

Contact for pricing

Free-standing retail building near Mt. Hood on 0.49 acres.

Type:Retail, Mixed Use

Property size:

4,548 SF

Lot size:

0.49 Acres

Price / SF:

$274/SF

Added:: Dec 30, 2025
Days on Market:: 178
Last Refresh:: Mar 17 at 1:20 pm

Property Features for 38454 Pioneer Blvd

General Information

Standard status: Active
Size: 4,548 SF
Lot size: 0.49 Acres
Property subtype: Retail, Mixed Use

We can help!

Contact an agent

Jon Rubey

Listing office Colliers - Portland, Oregon

Listing date Dec 30, 2025

Source Crexi

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

HighLights

Located on Hwy 26, a main thoroughfare to Mt. Hood, providing easy access for customers.
Currently operating as a well‑known retail store (Next Adventure) with a ski shop, offering immediate business potential.
Located directly east of Sandlandia Food Cart Pod, attracting potential customers.
Located near Joe's Donut shop, increasing foot traffic.
Free‑standing retail building on .49 acres.
Located within the City of Sandy.

Overview

This free-standing retail building is situated on 0.49 acres along a main thoroughfare in Sandy. Currently, the property operates as a retail store on the main level and a full-service ski shop on the lower level. The location is near the Sandlandia Food Cart Pod and Joe’s Donut shop. Its location on Hwy 26 provides accessibility for customers traveling to Mt. Hood.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$134.8k	$29.64
− Vacancy	−$20.5k	−$4.51
EGI	$114.3k	$25.13
− OpEx	−$42.9k	−$9.43
NOI	$71.4k	$15.71

4,548 SF · lease $29.64/SF/yr · vacancy 15.20% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$1.02M

$893.1K – $1.19M (±1% cap)

NOI $71,445 @ 7.0% cap · market cap 5.72%

Second Best

Retail

$903.6K

$790.7K – $1.05M (±1% cap)

NOI $63,255 @ 7.0% cap · market cap 5.06%

Theoretical Best

Office A

$1.23M

$1.07M – $1.43M (±1% cap)

NOI $85,933 @ 7.0% cap · market cap 6.87%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Next Adventure Sandy ... (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Sandy
County: Clackamas
State: Oregon
Longitude: -122.2676776
Latitude: 45.3965847

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For sale
Retail space
OR
Sandy
97055
38454 Pioneer Blvd

What type of property is this?

Retail space - Free-standing retail building near Mt. Hood on 0.49 acres.

Where is this retail space located?

The property is located at 38454 Pioneer Blvd Sandy, OR.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Located on Hwy 26, a main thoroughfare to Mt. Hood, providing easy access for customers.; Currently operating as a well‑known retail store (Next Adventure) with a ski shop, offering immediate business potential.; Located directly east of Sandlandia Food Cart Pod, attracting potential customers.