Remodeled Retail
503 Main St Oregon City, OR 97045
503 Main St, Oregon City, OR, 97045
$725,000
For Sale
$725,000
Fully remodeled retail building with updated HVAC, roof, siding, electrical, plumbing, and seismic upgrades in 2017.
Property Size2,031 SF
Price / SF$356.97
Days on Market36
Property Features for 503 Main St
General Information
- Standard status
- Active
- Size
- 2,031 SF
Listing agency
Knipe Realty ERA Powered
(503) 201-8537
Listed by
Daniel Silvey · License #201209834
(503) 201-8537
Source
Exprealty
Added: Jun 17 Updated: Jul 22 at 7:33AM Checked: Jul 22 at 7:33AM
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 Knipe Realty ERA Powered
Investment Insights
Based on property information with market context.
This fully remodeled retail property was comprehensively renovated in 2017 and rebuilt to near-new condition. The 2,031 SF building includes seismic upgrades, a new HVAC system, a new roof, new exterior siding, and new electrical to the panel. Plumbing has been updated to the street, including sewer and a grease trap, along with new insulation/framing, flooring, and custom handcrafted shelving.
The property is located at 503 Main St in Oregon City, several blocks from the Clackamas County Main Street Courthouse redevelopment and directly across the street from the Tumwata Village development.
The building is currently owner-occupied by White Rabbit Book Cafe (White Rabbit Gifts LLC) and Black Ink Coffee LLC, with Black Ink Coffee currently being phased out. The asking price includes both the real estate and the business, while business inventory is excluded from the sale price.
The property is located at 503 Main St in Oregon City, several blocks from the Clackamas County Main Street Courthouse redevelopment and directly across the street from the Tumwata Village development.
The building is currently owner-occupied by White Rabbit Book Cafe (White Rabbit Gifts LLC) and Black Ink Coffee LLC, with Black Ink Coffee currently being phased out. The asking price includes both the real estate and the business, while business inventory is excluded from the sale price.
Key Highlights
- 2,031 SF fully remodeled retail building renovated in 2017 and rebuilt to near‑new condition
- 2017 upgrades include new HVAC, new roof, new exterior siding, new electrical to the panel, and new plumbing to the street (sewer and grease trap)
- Seismic upgrades completed as part of the 2017 renovation, plus new insulation/framing and new flooring
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.6k | $21.48 |
| − Vacancy | −$3.3k | −$1.61 |
| EGI | $40.4k | $19.87 |
| − OpEx | −$12.1k | −$5.96 |
| NOI | $28.2k | $13.91 |
2,031 SF · lease $21.48/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$403.5K
$353.1K – $470.8K
NOI $28,248 @ 7.0% cap · market cap 3.90%
Second Best
Specialty Retail
$362.3K
$317.0K – $422.7K
NOI $25,362 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$548.2K
$479.7K – $639.6K
NOI $38,375 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Secualhomeea — 216 Center St, Oregon City, OR 97045
- Wild Strawberry Florist — 716 Main St, Oregon City, OR 97045
FAQs
What type of property is this?
Storefront property - Fully remodeled retail building with updated HVAC, roof, siding, electrical, plumbing, and seismic upgrades in 2017.
Where is this storefront property located?
The property is located at 503 Main St Oregon City, OR.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,031 SF fully remodeled retail building renovated in 2017 and rebuilt to near‑new condition; 2017 upgrades include new HVAC, new roof, new exterior siding, new electrical to the panel, and new plumbing to the street (sewer and grease trap); Seismic upgrades completed as part of the 2017 renovation, plus new insulation/framing and new flooring
