Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    615 High St Oregon City, OR 97045

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Creative retail or office space with outdoor area and river views.

    Type:Retail
    Property size:
    6,300 SF
    Added:
    Jun 23, 2023
    Days on Market:
    1033
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 615 High St

    General Information

    Standard status
    Active
    Size
    6,300 SF
    Property subtype
    Retail

    Spaces For Lease

    at 615 High St Contact us

    Elevate Plaza (Main Floor) $24 /Mo

    Size
    6,000 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Clayton Madey

    Listing agent Clayton Madey License #OR 201727196

    Listing office Macadam Forbes

    Listing date Jun 23, 2023

    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 Macadam Forbes

    Overview

    Unique Space with River Views

    Creative space suitable for retail or office uses is available, featuring river views at the top of the Oregon City Municipal Elevator. The space includes an outdoor area for tenant use. This location presents an opportunity for a restaurant or a customer-facing business, benefiting from high pedestrian traffic due to its proximity to the Oregon City Municipal Elevator entrance. Ground floor suites are available for lease in sizes ranging from 1,000 SF to 6,300 SF. All suites shown on the floor plan are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oregon City
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.6073897
    Latitude
    45.356952

    Nearby Similar for Lease

    • Contact for pricing

      Oregon City Flex/Industrial Space

      Office, R&D, assembly, and warehouse uses near HWY 213.
      270 S Beavercreek Rd, Oregon City, OR 97045
      View Details
    • Contact for pricing

      Abernethy Road Mixed-Use Complex

      22-acre mixed-use complex with spaces from 1,152 to 42,421 SF.
      902-1102 Abernethy Road, Oregon City, OR 97045
      View Details
    • Contact for pricing

      High-Traffic Endcap Retail Opportunity

      Premier 1,180 SF endcap suite in Oregon City.
      124 Molalla Ave, Oregon City, OR 97045
      View Details
    • Contact for pricing

      Unique Space with River Views

      Creative retail or office space with river views and outdoor area.
      615 High St, Oregon City, OR 97045
      View Details
    • Contact for pricing

      Remodeled Mid-Century Modern Commercial Building

      Remodeled commercial building suitable for office or medical use.
      1010 5th Street, Oregon City, OR 97045
      View Details
    • $1.25/mo

      Oregon City Flex Space Available

      Flex space available for rent in Oregon City.
      13851 S Beavercreek Rd, Oregon City, OR
      View Details
    • Contact for pricing

      Oregon City Flex/Retail Building

      Well-maintained flex/retail building with signage on Beavercreek Road.
      13851 Beavercreek Rd, Oregon City, OR 97045
      View Details
    • Contact for pricing

      Oregon City Flex/Retail Space

      Flex/retail building with signage and flexible zoning in Oregon City.
      Oregon City, OR 97045
      View Details
    • Contact for pricing

      Oregon City Retail Space Available

      Retail space with drive-through potential in Oregon City.
      334 Warner Milne Rd, Oregon City, OR
      View Details
    • Contact for pricing

      Retail Space Near College Entrance

      Retail space with high visibility near Clackamas Community College.
      19502 SE Molalla Ave, Oregon City, OR
      View Details
    • Contact for pricing

      Retail Space in Oregon City

      Retail space available for lease in Oregon City, Oregon.
      19701 Hwy 213, Oregon City, OR
      View Details
    • Contact for pricing

      Retail Space in Oregon City

      Retail space for rent in the heart of Oregon City.
      1839 Molalla Ave, Oregon City, OR
      View Details

    FAQs

    What type of property is this?
    Retail space - Creative retail or office space with outdoor area and river views.
    Where is this retail space located?
    The property is located at 615 High St Oregon City, OR.
    What are key features of this property?
    This property features: One‑of‑a‑kind location.; Stunning river views from atop the Oregon City Municipal Elevator.; High pedestrian traffic location, ideal for customer‑facing businesses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Clayton Madey
    Real Estate License ID: OR 201727196
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!