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Multifamily plus 1 office space 29 Nehalem St 4,114 SF 100% Leased Office Building Clatskanie, OR 97016 $697,410 CAD ($169.52 CAD/SF) 7.30% Cap Rate
Investment Highlights
- Great Investment or Owner User property
Executive Summary
Oregon just off HWY 30! The Town has many yummy restaurants and interesting retail shops. There are many community Events across the street in the huge park with a great community pool. It is close to Longview WA and a short drive to Astoria OR. The building is approx. 4,114 SF and sits on top of 5,451 SF of land.
The ground floor includes an approx. 1,200 SF commercial space leased to State Farm Insurance
and a residential unit behind the commercial space with one bedroom/one bathroom. The second
floor has three fully leased units; two large units with one bedroom/one bathroom and a unit
with two bedrooms/one bathroom. The property includes seven uncovered parking spaces. This
property has great potential upside if rents are brought to market rates. Currently offering a
7.3% CAP Rate and a GRM of 9 times gross. Call today for more details.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$76,340
|
$18.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,395
|
$0.34
|
| Effective Gross Income |
$74,945
|
$18.22
|
| Taxes |
$3,284
|
$0.80
|
| Operating Expenses |
$18,136
|
$4.41
|
| Total Expenses |
$21,420
|
$5.21
|
| Net Operating Income |
$53,524
|
$13.01
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $76,340 |
| Annual Per SF | $18.56 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $1,395 |
| Annual Per SF | $0.34 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $74,945 |
| Annual Per SF | $18.22 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,284 |
| Annual Per SF | $0.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $18,136 |
| Annual Per SF | $4.41 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $21,420 |
| Annual Per SF | $5.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $53,524 |
| Annual Per SF | $13.01 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
La mission de State Farm® est d'aider les gens à gérer les risques de la vie quotidienne, à se remettre de l'imprévu et à réaliser leurs rêves. Leur vision pour l'avenir est d'être le premier et le meilleur choix des clients en ce qui concerne les produits et services qu'ils fournissent. Ils continueront d'être le chef de file de l'industrie de l'assurance et ils deviendront un chef de file dans le domaine des services financiers. Les besoins de leurs clients détermineront leur cheminement. Leurs valeurs les guideront. Ce sont des gens qui s'efforcent d'être comme un bon voisin ; qui ont bâti une entreprise de premier plan en vendant et en tenant leurs promesses grâce à leur partenariat de marketing ; qui apportent des talents et des expériences variés à leur travail de service aux clients de State Farm. Leur succès repose sur des valeurs partagées — un service et des relations de qualité, l'intégrité et la solidité financière. Leur mission d'entreprise est d'aider les gens à gérer les risques de la vie quotidienne, à se remettre de l'imprévu et à réaliser leurs rêves.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
Property Taxes
| Parcel Number | 0501074080420260000 | Total Assessment | $181,933 CAD |
| Land Assessment | $105,875 CAD | Annual Taxes | $3,284 CAD ($0.80 CAD/SF) |
| Improvements Assessment | $76,058 CAD | Tax Year | 2025 |
Property Taxes
Presented by
Multifamily plus 1 office space | 29 Nehalem St
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