Single-Story Office
New
For Sale
$376,500
704 E Main St, Molalla, OR 97038
C2 zoning accompanies a private office, two restrooms, a kitchen and break area, plus storage with a rear entrance.
Property Size1,152 SF
Price / SF$326.82
Days on Market5
Property Features for 704 E Main St
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Commercial
Zoning
C2
Additional Details
Condition
Move-in Ready
Road Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,391
Building Details
Building Size
1,152 SF
Year Built
1920
Buildings
1
Stories
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Northwest Professional Realty
Listed By:
Robin Edmunds · License #200401106
(503) 969-1373
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 3:42AM
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 Northwest Professional Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-story office building in Molalla was constructed in 1920 and is currently vacant. Its layout includes a private 12' x 10' office, two restrooms, a kitchen and break area, and a 7' x 10' storage room accessed from the rear. The property is zoned C2.
The building fronts E Main Street, with approximately 88 feet of frontage at 704 E Main St, Molalla, Oregon. The combination of a street-facing location and a separate rear entrance is reflected in the property's physical configuration.
The building fronts E Main Street, with approximately 88 feet of frontage at 704 E Main St, Molalla, Oregon. The combination of a street-facing location and a separate rear entrance is reflected in the property's physical configuration.
Key Highlights
- Approximately 88 feet of frontage on E Main Street
- Private office measures 12' x 10'
- 7' x 10' storage room with rear entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,912
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,240
$298.2K
Cap Rate 7%
$213,029
$213.0K
Cap Rate 9%
$165,689
$165.7K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$26.3K $22.80/SF
− Vacancy
−$6.4K −$5.54/SF
EGI
$19.9K $17.26/SF
− OpEx
−$5.0K −$4.31/SF
NOI
$14.9K $12.94/SF
Area
Clackamas County, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,240
Cap Rate 7%
$213,029
Cap Rate 9%
$165,689
Alternative Uses
Best Use
Office B
$213.0K
$186.4K – $248.5K
NOI $14,912 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.0K
$272.1K – $362.8K
NOI $21,767 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 97038, OR
17,173
Population
6,423
Households
2.7
Avg Household Size
38
Median Age
20%
College-Educated
90%
High-School Grad
130.8 sq mi
ZIP Area
131
Density / Sq Mi
$87,585
Median Household Income
$45,681
Median Earnings
$1,497
Median Rent
$452,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - C2 zoning accompanies a private office, two restrooms, a kitchen and break area, plus storage with a rear entrance.
Where is this office building located?
The property is located at 704 E Main St Molalla, OR.
What is the asking price?
The asking price for this property is $376,500.
What are key features of this property?
This property features: Approximately 88 feet of frontage on E Main Street; Private office measures 12' x 10'; 7' x 10' storage room with rear entrance
