Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Land For Sale Title is generated by Realmo AI

    388 S Walnut St Canby, Canby, OR 97013

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,235,000

    Corner lot with flat topography suitable for industrial use.

    Type:Land
    Property size:
    198,198 SF
    Price / SF:
    $11/SF
    Added:
    Sep 25, 2025
    Days on Market:
    239
    Last Refresh:
    Apr 6 at 12:49 am

    Property Features for 388 S Walnut St Canby

    General Information

    Standard status
    Active
    Size
    198,198 SF
    Property subtype
    Land

    Building Details

    Year Built
    1931

    We can help!

    Listing Contact
    Greg Nesting
    Greg Nesting

    Listing agent Greg Nesting

    Listing office Norris & Stevens, Inc. - Corporate

    Listing date Sep 25, 2025

    Source Tcnworldwide

    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 Norris & Stevens, Inc. - Corporate

    HighLights

    • Industrial Land For Sale
    • Flat Topography
    • Corner Lot (Sequoia Pkwy & Walnut St)
    • Year Built: 1931

    Overview

    This industrial land is available for sale. The property features a flat topography and is located on the corner of Sequoia Parkway and Walnut Street. The property size is 198198 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Canby
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.665
    Latitude
    45.2623

    Nearby Similar for Sale

    • $999,000
      17,500 SF

      Canby Industrial Land For Sale

      1.54-acre M1 zoned industrial parcel in Canby, Oregon.
      105 S HAZEL DELL Way, Canby, OR 97013
      View Details
    • $275,000

      Picturesque Waterfront Land in Canby

      0.78 acres of desirable waterfront property in Canby, Oregon.
      21381 S Hwy 99e, Canby, OR 97013
      View Details
    • $795,000
      2,037 SF

      Downtown Canby Multi-Tenant Professional Building

      Versatile commercial property in downtown Canby with income upside.
      285 NE 3rd Ave, Canby, OR 97013
      View Details
    • $1,575,000
      10,000 SF

      Canby Retail/Office Investment Opportunity

      Fully-leased retail/office site in Canby's Historic Business District.
      231-249 NW 2nd Avenue, Canby, OR 97013
      View Details
    • $1,100,000

      Willamette River View Homesite

      1.4 acre lot with Willamette River views in Canby.
      400 NW RIVERPARK Pl, Canby, OR 97013
      View Details
    • $1,890,000

      Commercially Zoned Land in Canby

      3.61 AC commercially zoned land close to downtown Canby.
      1198 SW 1ST Ave, Canby, OR 97013
      View Details
    • Contact for pricing

      Canby Office Building Opportunity

      Office building in Canby's central professional district.
      227 NW 3rd Avenue, Canby, OR 97013
      View Details
    • $225,000

      Residential Lot in South Canby

      Residential lot ready to build in desirable South Canby location.
      1491 S Fir St, Canby, OR 97013
      View Details
    • $1,435,744
      38,082 SF

      2.06 Acre Development-Ready Industrial Site

      Development-ready 2.06 acre industrial site in Canby Pioneer Industrial Park.
      398 S Sequoia Pkwy, Canby, OR 97013
      View Details
    • Contact for pricing

      Specialized Manufacturing Facility in Canby

      Manufacturing facility with crane bays, heavy power, and yard.
      390 S Redwood St, Canby, OR 97013
      View Details
    • $215,000

      Residential Lot in South Canby

      Residential lot ready to build in desirable South Canby location.
      1485 S Fir St lot: # 16, Canby, OR 97013
      View Details
    • $220,000

      Residential Lot in South Canby

      Residential lot ready to build in desirable South Canby location.
      452 SW 15th Ave, Canby, OR 97013
      View Details

    FAQs

    What type of property is this?
    Land - Corner lot with flat topography suitable for industrial use.
    Where is this land located?
    The property is located at 388 S Walnut St Canby Canby, OR.
    What is the asking price?
    The asking price for this property is $2,235,000.
    What are key features of this property?
    This property features: Industrial Land For Sale; Flat Topography; Corner Lot (Sequoia Pkwy & Walnut St)
    (503) 225-8440
    We can help!
    Listing Contact
    Greg Nesting
    Greg Nesting
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    388 S Walnut St | Canby, OR 97013, OR 97013
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!