Building Details

Year built 1935

Floors in Building 1

Building materials CementSiding

Roof type Shake

Listing Agency: Century 21 North Homes Realty s***@oregonrealty.com Show Phone

Listed By: Steve Calhoun · License #921000084 Show Phone

Added: Jul 9, 2024 Changed: Oct 10 Last Checked: Oct 14 at 4:06PM

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MLS# 24670558

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.

Investment Insights

Based on property information with market context.

This 880-square-foot storefront property was built in 1935 and substantially remodeled in 2008. Improvements included a cedar plank roof, HardiePlank exterior siding, drywall, an updated electrical panel and wiring, and new plumbing. Zoned DT, the building also includes zoned heating and cement siding.

An ADA-approved deck with patio tables extends toward the creek, creating usable outdoor space with water views. The property is identified as outside the flood plain and is located in Vernonia, Oregon, within Columbia County.

Key Highlights

• 880‑square‑foot storefront property
• Major remodel completed in 2008
• ADA‑approved deck with patio tables overlooking a creek

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,256

Cap Rate

4.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$205,120 $205.1K

Cap Rate 7%

$146,514 $146.5K

Cap Rate 9%

$113,956 $114.0K

Market Conditions

NOI Build-Up for 880 SF

Gross rent

$15.8K $18.00/SF

− Vacancy

−$1.2K −$1.35/SF

EGI

$14.7K $16.65/SF

− OpEx

−$4.4K −$5.00/SF

NOI

$10.3K $11.66/SF

Area

Columbia County, OR

Vacancy

7.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$205,120

Cap Rate 7%

$146,514

Cap Rate 9%

$113,956

Alternative Uses

Best Use

Retail

$146.5K

$128.2K – $170.9K (±1% cap)

NOI $10,256 @ 7.0% cap · market cap 4.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$237.5K

$207.8K – $277.1K (±1% cap)

NOI $16,627 @ 7.0% cap · market cap 6.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

open door gathering Church

Suggested Use

Top Pick Bakery Furniture & Home Goods Dental Office Storage Facility Real Estate Agency (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

170

Businesses Nearby

3k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 48% Home Improvements & Furnishings 27% Shops & Services 26%

SUBWAY Dining

1,487 visits/mo 0.2 miles

True Value Hardware Home Improvements & Furnishings

837 visits/mo 0.2 miles

Napa Auto Parts Shops & Services

805 visits/mo 0.5 miles

Demographics for 97064, OR

3,802

Population

1,653

Households

2.3

Avg Household Size

42

Median Age

18%

College-Educated

88%

High-School Grad

97.7 sq mi

ZIP Area

39

Density / Sq Mi

$78,125

Median Household Income

$48,024

Median Earnings

$1,213

Median Rent

$360,100

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Storefront property - Remodeled commercial space with an ADA-approved deck overlooking a creek.

Where is this storefront property located?

The property is located at 700 WEED Ave Vernonia, OR.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: 880‑square‑foot storefront property; Major remodel completed in 2008; ADA‑approved deck with patio tables overlooking a creek