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    Highway 212 Commercial Property Title is generated by Realmo AI

    30401 SE Highway 212, Boring, OR 97009

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    Two buildings with fenced yard, high visibility on Highway 212.

    Type:Retail
    Property size:
    6,600 SF
    Added:
    Feb 5, 2024
    Days on Market:
    848
    Last Refresh:
    May 12 at 10:44 pm

    Property Features for 30401 SE Highway 212

    General Information

    Standard status
    Active
    Size
    6,600 SF
    Property subtype
    Retail

    Spaces For Lease

    at 30401 SE Highway 212 Contact us

    We can help!

    Listing Contact
    Stu Peterson

    Listing agent Stu Peterson License #OR 820300052

    Listing office Macadam Forbes

    Listing date Feb 5, 2024

    Source Crexi

    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

    HighLights

    • High visibility location on Highway 212 with excellent traffic counts.
    • Two separate buildings: 1600 SF office and 5000 SF shop.
    • Shop space is divisible down to 2500 SF.
    • Fenced and paved yard.
    • Proximity to the intersection of Highway 212 and Highway 26.
    • Great site

    Overview

    This commercial property features two separate buildings and a fenced, paved yard. The location offers outstanding visibility due to high traffic counts on Highway 212, near its intersection with Highway 26. One building provides 1,600 square feet of office space. The adjacent shop building offers 5,000 square feet, divisible down to 2,500 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Auto Parts Store

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

    Similar Places Nearby

    • Trail Dust Trailers — 29300 SE Haley Rd, Boring, OR 97009
    • Trail Dust Trailers - Home of the American Landmaster UTV's — 29300 SE Haley Rd, Boring, OR 97009
    • Better Bilt Transmissions — 13260 SE 312th Ave, Boring, OR 97009
    • hook up towing llc — 11335 SE Orient Dr, Boring, OR 97009
    • Western Bus Sales, Inc — 30355 SE Hwy 212, Boring, OR 97009

    Location Insight

    • Map
    • Local Demand
    City
    Boring
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.349446
    Latitude
    45.433246

    Nearby Similar for Lease

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      14,400 SF

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      Modernized industrial park featuring customizable units and demisable yard space.
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      Commercial Site on Highway 26

      Commercial site with highway visibility, paved and fenced sales yard.
      30365 SE Highway 212, Boring, OR 97009
      View Details
    • $0.70 SF/Yr
      23,000 SF

      Industrial Warehouse Space Available

      Divisible industrial warehouse space with three drive-in doors for lease.
      27680 Se Highway 212, Boring, OR, 97009-9212
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      Prime Retail Space on Highway

      Commercial site with excellent visibility on Highways 212 and 26.
      30365 SE Highway 212, Boring, OR 97009
      View Details

    FAQs

    What type of property is this?
    Auto shop - Two buildings with fenced yard, high visibility on Highway 212.
    Where is this auto shop located?
    The property is located at 30401 SE Highway 212 Boring, OR.
    What are key features of this property?
    This property features: High visibility location on Highway 212 with excellent traffic counts.; Two separate buildings: 1600 SF office and 5000 SF shop.; Shop space is divisible down to 2500 SF.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stu Peterson
    Real Estate License ID: OR 820300052
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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