Downtown Oregon City Commercial
For Sale
$945,000
Pending
720 MAIN, Oregon City, OR 97045
Unique commercial building in downtown Oregon City with redevelopment potential.
Property Size4,009 SF
Days on Market152
Property Features for 720 MAIN
General Information
Standard status
Pending
Size
4,009 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,450
Amenities
Central air
Heat Pump Cooling
Heat Pump Heating
Membrane Roof
Building Details
Year Built
1910
Listing Agency:
JOHN L. SCOTT
(503) 624-2900
Listed By:
KIRT DYE · License #200011001/WA131769
Source:
Corcoran
Added: Apr 3
Changed: Aug 8
Last Checked: Jul 23 at 9:35AM
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 JOHN L. SCOTT
Investment Insights
Based on property information with market context.
Located in downtown Oregon City, this building offers a large open layout with 14-foot ceilings. The property includes an upstairs office and a 30x17 mezzanine. A backdoor exit provides additional flexibility. The building also features a separate 10x19 space with a private entrance and bathroom. The property's location is near the upcoming 23-acre Willamette Falls redevelopment project. The building has 4009 square feet and is suitable for a variety of business uses.
Key Highlights
- Located in the heart of downtown Oregon City, near the 23‑acre Willamette Falls redevelopment project.
- Large open layout with 14‑foot ceilings and a 30x17 mezzanine.**
- Separate 10x19 space with private entrance and bathroom for added income or workspace.**
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
$55,758
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
5.90%
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%
$1,115,160
$1.1M
Cap Rate 7%
$796,543
$796.5K
Cap Rate 9%
$619,533
$619.5K
Market Conditions
NOI Build-Up for 4,009 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
$86.1K $21.48/SF
− Vacancy
−$6.5K −$1.61/SF
EGI
$79.7K $19.87/SF
− OpEx
−$23.9K −$5.96/SF
NOI
$55.8K $13.91/SF
Area
Clackamas County, OR
Vacancy
7.50%
Lease Rate
$21.48 /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%
$1,115,160
Cap Rate 7%
$796,543
Cap Rate 9%
$619,533
Alternative Uses
Best Use
Retail
$796.5K
$697.0K – $929.3K
NOI $55,758 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$946.9K – $1.26M
NOI $75,749 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Dutch Bros. Coffee
Dining
24,557 visits/mo
0.1 miles
76
Shops & Services
10,524 visits/mo
0.3 miles
KFC
Dining
9,806 visits/mo
0.2 miles
7-Eleven
Shops & Services
9,057 visits/mo
0.1 miles
Chevron
Shops & Services
6,738 visits/mo
0.1 miles
Demographics for 97045, OR
57,403
Population
21,702
Households
2.6
Avg Household Size
41
Median Age
33%
College-Educated
95%
High-School Grad
86.8 sq mi
ZIP Area
661
Density / Sq Mi
$100,388
Median Household Income
$49,342
Median Earnings
$1,600
Median Rent
$563,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Secualhomeea — 216 Center St, Oregon City, OR 97045
- Wild Strawberry Florist — 716 Main St, Oregon City, OR 97045
Frequently Asked Questions
What type of property is this?
Storefront property - Unique commercial building in downtown Oregon City with redevelopment potential.
Where is this storefront property located?
The property is located at 720 MAIN Oregon City, OR.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Located in the heart of downtown Oregon City, near the 23‑acre Willamette Falls redevelopment project.; Large open layout with 14‑foot ceilings and a 30x17 mezzanine.**; Separate 10x19 space with private entrance and bathroom for added income or workspace.**
