Redevelopment Site with Existing
For Sale
Contact for pricing
16300 & 16320 Agnes Avenue, Oregon City, OR 97045
Redevelopment site suitable for retail, commercial, hotel, or senior living.
Property Size12,000 SF
Price / SF$175
Days on Market2275
Property Features for 16300 & 16320 Agnes Avenue
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Land, Mixed Use
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Skip Rotticci · License #OR 200204348
Source:
Crexi
Added: May 11, 2020
Changed: Jul 6
Last Checked: Aug 1 at 4:52AM
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
Investment Insights
Based on property information with market context.
The property at 16300 and 16320 Agnes Avenue is a redevelopment site that generates existing cash flow. It is positioned as a location for high-visibility freeway retail and commercial uses, with potential for hotel or senior living facilities. The site is adjacent to the Clackamette Cove Urban Renewal Area, where redevelopment has commenced with infrastructure completion and the construction of the 244 Edgewater at the Cove Apartment project. Phase II of the Clackamette Cove development is planned to include approximately 440 waterfront apartment units and 30,000 square feet of retail and commercial space. Across Interstate-205 is the site of Summit Developments’ “The North End” Oregon City project, covering approximately 62 acres. This project will incorporate a mix of residential, retail, commercial, and business park uses. Currently, Hamiltons Appliance occupies the 12,000 square foot warehouse on the property, while TNT Fireworks and Kiewit Infrastructure utilize the yard space.
Key Highlights
- Redevelopment site with existing cash flow.
- High visibility location suitable for freeway retail, commercial uses, hotel, and senior living.
- Adjacent to the Clackamette Cove Urban Renewal Area.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $257.8k | $21.48 |
| − Vacancy | −$19.3k | −$1.61 |
| EGI | $238.4k | $19.87 |
| − OpEx | −$71.5k | −$5.96 |
| NOI | $166.9k | $13.91 |
12,000 SF · lease $21.48/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.38M
$2.09M – $2.78M
NOI $166,900 @ 7.0% cap · market cap 7.95%
Second Best
Office B
$2.22M
$1.94M – $2.59M
NOI $155,336 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$3.24M
$2.83M – $3.78M
NOI $226,737 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment site suitable for retail, commercial, hotel, or senior living.
Where is this commercial land located?
The property is located at 16300 & 16320 Agnes Avenue Oregon City, OR.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Redevelopment site with existing cash flow.; High visibility location suitable for freeway retail, commercial uses, hotel, and senior living.; Adjacent to the Clackamette Cove Urban Renewal Area.
