Elevator-Served Office
For Sale
Contact for pricing
735 E Clarendon St, Gladstone, OR 97027
Elevator-served office building built in 2019 with off-street parking and building signage available.
Property Size9,940 SF
Price / SF$377.26
Days on Market421
Property Features for 735 E Clarendon St
General Information
Standard status
Active
Size
9,940 SF
Total Parking Spaces
22
Elevators
Yes
Property subtype
OFFICE
Amenities
Building signage available
Building Details
Year Built
2019
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Joe Kappler · License #200605069
(503) 972-7294
Source:
Moodyscre
Added: Aug 26, 2025
Changed: Oct 11
Last Checked: Oct 19 at 5:01AM
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 Macadam Forbes
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Investment Insights
Based on property information with market context.
This elevator-served office building was built in 2019 and includes available building signage. The property offers 22 off-street parking stalls in addition to on-street parking, supporting tenant and visitor access.
Located in Clackamas County at 735 E Clarendon St in Gladstone, the building is positioned for day-to-day business operations with on-site parking plus nearby curb access.
With a total size of 9,940 SF, the property can serve as a dedicated office base for a single tenant or accommodate a range of office configurations, depending on space planning needs.
Located in Clackamas County at 735 E Clarendon St in Gladstone, the building is positioned for day-to-day business operations with on-site parking plus nearby curb access.
With a total size of 9,940 SF, the property can serve as a dedicated office base for a single tenant or accommodate a range of office configurations, depending on space planning needs.
Key Highlights
- Built in 2019
- Elevator served
- 22 off‑street parking stalls plus on‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,670
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,573,400
$2.6M
Cap Rate 7%
$1,838,143
$1.8M
Cap Rate 9%
$1,429,667
$1.4M
Market Conditions
NOI Build-Up for 9,940 SF
Gross rent
$226.6K $22.80/SF
− Vacancy
−$55.1K −$5.54/SF
EGI
$171.6K $17.26/SF
− OpEx
−$42.9K −$4.31/SF
NOI
$128.7K $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%
$2,573,400
Cap Rate 7%
$1,838,143
Cap Rate 9%
$1,429,667
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.14M
NOI $128,670 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,814 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
Business Placement
Demographics for 97027, OR
12,599
Population
5,365
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
2.5 sq mi
ZIP Area
5,040
Density / Sq Mi
$91,957
Median Household Income
$49,689
Median Earnings
$1,721
Median Rent
$464,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Elevator-served office building built in 2019 with off-street parking and building signage available.
Where is this office building located?
The property is located at 735 E Clarendon St Gladstone, OR.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Built in 2019; Elevator served; 22 off‑street parking stalls plus on‑street parking
