Oregon City Office Building For
For Sale
Contact for pricing
Pending
712 Main St, Oregon City, OR 97045
Historic Oregon City office building near transit and revitalized Main.
Property Size8,020 SF
Days on Market1122
Property Features for 712 Main St
General Information
Standard status
Pending
Size
8,020 SF
Class
B
Property subtype
Office
Zoning
Mixed Use Downtown
Occupancy
50%
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1925
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Commercial Real Estate NW
Listed By:
Denise Brohoski · License #OR 200508190
(503) 309-5106
Source:
Crexi
Added: Aug 10, 2023
Changed: Aug 21
Last Checked: Sep 3 at 10:05AM
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 Commercial Real Estate NW
Investment Insights
Based on property information with market context.
Located in Oregon City, the former capital of the Oregon Territory and the end of the Oregon Trail, this 8,020-square-foot property is rich in history. The city features many houses on the National Historic Registry and views of the Willamette Falls. The property is a few blocks from the Oregon City Transit Center and Clackamas County Circuit Court. It offers accessibility to the greater Portland Metro area via easy access to I-205 and Hwy 99E. Main Street has been revitalized with new restaurants and shops.
Key Highlights
- Historic location in Oregon City, the former capital of the Oregon Territory and end of the Oregon Trail.
- Convenient access to I‑205 and Hwy 99E for easy commuting to the Portland Metro area.
- Close proximity to the Oregon City Transit Center.
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
$103,816
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
6.18%
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%
$2,076,320
$2.1M
Cap Rate 7%
$1,483,086
$1.5M
Cap Rate 9%
$1,153,511
$1.2M
Market Conditions
NOI Build-Up for 8,020 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
$182.9K $22.80/SF
− Vacancy
−$44.4K −$5.54/SF
EGI
$138.4K $17.26/SF
− OpEx
−$34.6K −$4.31/SF
NOI
$103.8K $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 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%
$2,076,320
Cap Rate 7%
$1,483,086
Cap Rate 9%
$1,153,511
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,816 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.53M
NOI $151,536 @ 7.0% cap · market cap 9.02%
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
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?
Office building - Historic Oregon City office building near transit and revitalized Main.
Where is this office building located?
The property is located at 712 Main St Oregon City, OR.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Historic location in Oregon City, the former capital of the Oregon Territory and end of the Oregon Trail.; Convenient access to I‑205 and Hwy 99E for easy commuting to the Portland Metro area.; Close proximity to the Oregon City Transit Center.
