Creekfront Storefront
For Sale
$250,000
700 WEED Ave, Vernonia, OR 97064
CommercialSale, Vernonia, OR
Property Size880 SF
Lot Size0.33 Acres
Price / SF$284.09
Days on Market783
Property Features for 700 WEED Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
DT
View
Territorial
Directions
hwy26 to hwy Hwy 47 N to Bridge, LT to Weed Ave
Subdivision
_155
Standard status
Active
APN
23386
Size
880 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
IN LISTING OFFICE
Tax Annual Amount
1787
Legal Description
IN LISTING OFFICE
Utilities
Heating system
Zoned
Water front features
Creek
Water front
1
Amenities
ADA approved deck with patio tables
Building Details
Year built
1935
Floors in Building
1
Building materials
CementSiding
Roof type
Shake
Listing Agency:
Century 21 North Homes Realty
(503) 706-2882
Listed By:
Steve Calhoun · License #921000084
(503) 706-2882
Added: Jul 9, 2024
Changed: Aug 25
Last Checked: Aug 30 at 7:06AM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,256
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $16,627 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
