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    16725 Hwy 212 Damascus, OR 97089
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    16725 Hwy 212 Damascus, OR 97089

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    • Land
    • 13.18 lot acres
    For Sale
    $3,157,665
    View Listing →
    Happy Valley Industrial Land Site For Sale
    $3,157,665

    Happy Valley Industrial Land Site

    13 Acres, I-205 Access, $3.1M

    Happy Valley, OR 97089
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 16725 Hwy 212

    Lot size
    13.18 lot acres
    Property type
    Land

    Description

    This exceptional 13.18-acre commercial land parcel presents a rare opportunity for industrial development in the thriving Happy Valley area of Clackamas County, Oregon. Located at 16725 SE Hwy 212, Damascus, OR 97089, this property boasts prime visibility and accessibility, with existing frontage on Highway 212 and SE 172nd Avenue. Its strategic location offers convenient access to Interstate 205 and the nearby retail and support services of Happy Valley. The land is zoned IC (Industrial Campus), making it ideal for a variety of industrial uses. Infrastructure is in place, including access to Sunrise Water District water services and West Clackamas Wastewater services. The asking price is $3,157,665, translating to a land value of $5.50 per square foot. This represents a significant investment opportunity in a high-demand location with excellent potential for future growth and development. The property's size and zoning make it suitable for a range of industrial projects, offering substantial returns for the discerning investor. Don't miss this chance to acquire a hard-to-find industrial-zoned land site in a rapidly developing area. Detailed site plans and zoning information are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Damascus
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.49
    Latitude
    45.4125

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    Similar Nearby for Sale

    • $3,157,665
      13.18 Acres

      Happy Valley Industrial Land Site

      13 Acres, I-205 Access, $3.1M
      16725 Hwy 212, Damascus, OR 97089
      View Details
    • $1,900,000
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      Happy Valley Land Development Opportunity

      2.64-acre parcel zoned R-15 with development potential in Happy Valley.
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      Industrial Land Near I-205

      Industrial zoned land near I-205 and Happy Valley retail.
      16725 Highway 212 SE, Happy Valley, OR 97089
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      Damascus Commercial Land Opportunity

      2.91 Acres, High-Density Potential
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    Similar Nearby for Lease

    • $15 SF/Yr
      776 SF

      Retail Space Available For Rent

      Retail space for lease with high income demographics nearby.
      20430-20460 Highway 212 SE, Damascus, OR 97089
      View Details
    • Contact for pricing
      776 SF

      Retail Space with Storefront Exposure

      Retail space with excellent storefront and signage exposure available for rent.
      20340 Highway 212 SE, Damascus, OR 97089
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    • Contact for pricing
      3,458 SF

      Retail Space in Growing Area

      Retail space available in rapidly growing Damascus trade area.
      19850 Highway 212 SE, Damascus, OR 97089
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      3,000 SF

      Retail Pad in New Development

      Retail space available for rent in growing Happy Valley.
      17392 SE Sunnyside Rd, Damascus, OR 97089
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    • Contact for pricing
      934 SF

      Retail Space in Growing Area

      Retail space available for rent in Damascus, Oregon.
      19856-20000 Highway 212 SE, Damascus, OR 97089
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    Damascus, OR 97089
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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.

    More about this property
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