Office Units with
For Sale
$575,000
901 Marine Dr, Astoria, OR 97103
Office property positioned in central Astoria with off-street parking and leasing flexibility.
Property Size2,511 SF
Price / SF$228.99
Days on Market89
Property Features for 901 Marine Dr
General Information
Standard status
Active
Size
2,511 SF
Building Details
Year Built
1970
Listing Agency:
Popkin Real Estate, LLC
Listed By:
Mark Popkin
(503) 739-7192
Source:
Rosecityrealtygroup
Added: Jul 18
Changed: Sep 14
Last Checked: Oct 7 at 1:03PM
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 Popkin Real Estate, LLC
Investment Insights
Based on property information with market context.
Office units at 901 Marine Dr in Astoria provide a centrally positioned commercial setting with off-street parking. The property is available for sale, and leasing is also identified as a potential occupancy structure.
Key Highlights
- Central Astoria office location
- Off‑street parking
- Available for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,161
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,220
$843.2K
Cap Rate 7%
$602,300
$602.3K
Cap Rate 9%
$468,456
$468.5K
Market Conditions
NOI Build-Up for 2,511 SF
Gross rent
$66.3K $26.40/SF
− Vacancy
−$10.1K −$4.01/SF
EGI
$56.2K $22.39/SF
− OpEx
−$14.1K −$5.60/SF
NOI
$42.2K $16.79/SF
Area
Clatsop County, OR
Vacancy
15.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,220
Cap Rate 7%
$602,300
Cap Rate 9%
$468,456
Alternative Uses
Best Use
Office B
$602.3K
$527.0K – $702.7K
NOI $42,161 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$730.1K
$638.8K – $851.7K
NOI $51,104 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 97103, OR
18,080
Population
8,007
Households
2.3
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
163.3 sq mi
ZIP Area
111
Density / Sq Mi
$75,080
Median Household Income
$41,222
Median Earnings
$1,156
Median Rent
$437,900
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
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Frequently Asked Questions
What type of property is this?
Office units - Office property positioned in central Astoria with off-street parking and leasing flexibility.
Where is this office units located?
The property is located at 901 Marine Dr Astoria, OR.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Central Astoria office location; Off‑street parking; Available for sale
