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    609 Clay St Monmouth, OR 97361

    Sponsored
    For Lease
    $18 SF/Yr ($5,493 /Mo)

    High-traffic retail space, NNN lease.

    Lot size:
    3,662 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 609 Clay St E in Monmouth, Oregon, presents a prime investment opportunity. Situated on a 0.48-acre lot in Polk County, this shopping center boasts a total of 3,662 square feet across two suites. Currently, one suite, measuring 1,170 square feet, is available for lease. This space is ideally located on the corner of Clay Street and Pacific Highway, a high-traffic thoroughfare connecting Salem and Corvallis. Its strategic position ensures excellent visibility and accessibility for businesses. The property benefits from its proximity to Western Oregon University (WOU), as well as the nearby towns of Independence and Dallas, further expanding its potential customer base. The suite previously housed a pizza restaurant and includes a new pizza hood, offering a turnkey solution for a similar business or adaptable space for other retail ventures. The lease is a Net, Net, Net (NNN) agreement with a monthly rate of $0.93 per square foot. This property is an excellent choice for businesses seeking a well-established location in a thriving community.

    Property Features for 609 Clay St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,662 SF
    Total Rate
    5493

    Unit(s) available at that property

    Space
    609
    Size
    1,170 SF
    Rate per SF
    $18

    HighLights

    • Retail space totaling 3,662 square feet in a Monmouth shopping center.
    • Two suites available, one measuring 1,170 square feet.
    • Located on a 0.48‑acre lot at the corner of Clay St. E and Pacific Hwy in Polk County.
    • High‑traffic location on a main thoroughfare between Salem and Corvallis, near Western Oregon University.
    • NNN lease at $0.93 per square foot per month.
    • Includes a new pizza hood.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monmouth
    County
    Polk
    State
    Oregon
    Longitude
    -123.22927290614
    Latitude
    44.847080763817

    Nearby Comparable

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      Retail Space Near Western Oregon

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    Nearby Similar for Lease

    • $1.00 SF/Yr
      1,170 SF

      Retail Space Near Western Oregon

      Retail space in newer shopping center near Western Oregon University.
      601-609 Clay St E, Monmouth, OR 97361
      View Details
    • $1.45 SF/Yr
      2,625 SF

      Former Bank Retail Building Available

      Standalone retail building with drive-thru, ready for sublease.
      200 Main St E, Monmouth, OR 97361
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail space, NNN lease.
    Where is this lifestyle center located?
    The property is located at 609 Clay St Monmouth, OR.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Retail space totaling 3,662 square feet in a Monmouth shopping center.; Two suites available, one measuring 1,170 square feet.; Located on a 0.48-acre lot at the corner of Clay St. E and Pacific Hwy in Polk County.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    609 Clay St Monmouth, OR 97361
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