Multi-Tenant Retail
39400 PIONEER Blvd, Sandy, OR 97055
For Sale
$1,695,000
CommercialSale, Sandy, OR
Property Size10,080 SF
Lot Size0.60 Acres
Price / SF$168.15
Days on Market46
Property Features for 39400 PIONEER Blvd
General Information
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Property subtype
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Standard status
APN
Size
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Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Building materials
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Listing Agency:
Oregon First
(503) 667-5686
Listed By:
Adam Durham · License #201221628
(503) 349-2204
Added: Sep 24
Changed: Oct 10
Last Checked: Nov 8 at 5:06PM
MLS# 790873473
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.
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Investment Insights
Based on property information with market context.
This 10,080-square-foot retail property combines occupied suites with space that is currently vacant. The building dates to 1965 and sits on a 0.6-acre parcel. Construction materials include block, concrete, and frame, with a composition roof. The property is zoned C1.
At 39400 Pioneer Blvd in Sandy, the site is along Highway 26, where the listing reports daily traffic of 40,000 + vehicles. Existing tenants provide current income, and the vacant area offers another component for a future occupant.
At 39400 Pioneer Blvd in Sandy, the site is along Highway 26, where the listing reports daily traffic of 40,000 + vehicles. Existing tenants provide current income, and the vacant area offers another component for a future occupant.
Key Highlights
- 10,080‑square‑foot retail property on a 0.6‑acre parcel
- Occupied space provides current income; additional area is vacant
- Along Highway 26, with 40,000 + vehicles passing each day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,196
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,803,920
$2.8M
Cap Rate 7%
$2,002,800
$2.0M
Cap Rate 9%
$1,557,733
$1.6M
Market Conditions
NOI Build-Up for 10,080 SF
Gross rent
$216.5K $21.48/SF
− Vacancy
−$16.2K −$1.61/SF
EGI
$200.3K $19.87/SF
− OpEx
−$60.1K −$5.96/SF
NOI
$140.2K $13.91/SF
Area
Clackamas County, OR
Vacancy
7.50%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,803,920
Cap Rate 7%
$2,002,800
Cap Rate 9%
$1,557,733
Alternative Uses
Best Use
Retail
$2.00M
$1.75M – $2.34M
NOI $140,196 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,459 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
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Business Placement
Demographics for 97055, OR
20,606
Population
7,931
Households
2.6
Avg Household Size
39
Median Age
26%
College-Educated
95%
High-School Grad
112.6 sq mi
ZIP Area
183
Density / Sq Mi
$105,696
Median Household Income
$54,075
Median Earnings
$1,573
Median Rent
$472,900
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 Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Current occupants provide income, while unoccupied space offers room for additional use.
Where is this strip mall located?
The property is located at 39400 PIONEER Blvd Sandy, OR.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 10,080‑square‑foot retail property on a 0.6‑acre parcel; Occupied space provides current income; additional area is vacant; Along Highway 26, with 40,000 + vehicles passing each day
