Medical Office with Detached
615 SE 1st Ave, Canby, OR 97013
For Sale
$499,900
C-2 zoning and a clinical layout include treatment rooms, reception, lab and kitchen.
Property Size960 SF
Price / SF$520.73
Days on Market74
Property Features for 615 SE 1st Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Condition
Asking Price
Office Units
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Sigler Real Estate
Listed By:
Ben Sigler
(541) 829-1514
Source:
Horsepowerrealestateproperties
Added: Sep 1
Changed: Nov 11
Last Checked: Nov 12 at 4:35PM
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 Sigler Real Estate
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Investment Insights
Based on property information with market context.
Configured for medical office use, the 960-square-foot building contains three treatment rooms, a reception area, lab space and a kitchen. A separate 288-square-foot garage provides additional storage. Built in 1958, the property has undergone a studs-out renovation that included electrical service and wiring, plumbing, roof, siding, windows, insulation, drywall and flooring upgrades.
The site fronts Hwy 99E and includes eight off-street parking spaces plus a separate ADA space. The building is ADA compliant and zoned C-2. Its existing layout and zoning support medical, dental, professional office and other permitted commercial uses.
The site fronts Hwy 99E and includes eight off-street parking spaces plus a separate ADA space. The building is ADA compliant and zoned C-2. Its existing layout and zoning support medical, dental, professional office and other permitted commercial uses.
Key Highlights
- 960‑square‑foot medical office with three treatment rooms
- Detached 288‑square‑foot garage
- Renovation included new electrical, plumbing, roof, siding, windows, insulation, drywall and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,682
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,640
$293.6K
Cap Rate 7%
$209,743
$209.7K
Cap Rate 9%
$163,133
$163.1K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$28.5K $29.64/SF
− Vacancy
−$4.0K −$4.15/SF
EGI
$24.5K $25.49/SF
− OpEx
−$9.8K −$10.20/SF
NOI
$14.7K $15.29/SF
Area
Clackamas County, OR
Vacancy
14.00%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,640
Cap Rate 7%
$209,743
Cap Rate 9%
$163,133
Alternative Uses
Best Use
Healthcare Medical
$209.7K
$183.5K – $244.7K
NOI $14,682 @ 7.0% cap · market cap 2.94%
Second Best
Office B
$177.5K
$155.3K – $207.1K
NOI $12,427 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$259.1K
$226.7K – $302.3K
NOI $18,139 @ 7.0% cap · market cap 3.63%
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
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97013, OR
24,512
Population
9,152
Households
2.7
Avg Household Size
41
Median Age
30%
College-Educated
88%
High-School Grad
58.9 sq mi
ZIP Area
416
Density / Sq Mi
$99,343
Median Household Income
$49,207
Median Earnings
$1,439
Median Rent
$509,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Mountain View Veterinary Hospital — 300 S Redwood St #115, Canby, OR 97013
- Sequoia Veterinary Clinic — 195 SE Hazeldell Way suite d, Canby, OR 97013
Frequently Asked Questions
What type of property is this?
Medical Office Space - C-2 zoning and a clinical layout include treatment rooms, reception, lab and kitchen.
Where is this medical office space located?
The property is located at 615 SE 1st Ave Canby, OR.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 960‑square‑foot medical office with three treatment rooms; Detached 288‑square‑foot garage; Renovation included new electrical, plumbing, roof, siding, windows, insulation, drywall and flooring
