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20988 S Highway 211 - Colton Post Office 3,600 SF Specialty Building Offered at $1,655,000 at a 7.35% Cap Rate in Colton, OR 97017
Executive Summary
Recently extended Lease Agreement through April 2031.
New high-wind rated roof installed September 2025. 30 Year manufacturers warranty.
New interior and exterior paint completed August 2025
Long-term tenancy with the USPS.
Current Base Rent: $60,000.00 per year (Expires 5/13/2026)
Future Base Rent: $134,845.00 per year (5/14/2026 to 4/30/2031)
USPS Landlord Maintenance Rider
Site includes vacant land neighboring the property that was formerly a single family residence. Excellent upside with future development.
Contact us for more details.
New high-wind rated roof installed September 2025. 30 Year manufacturers warranty.
New interior and exterior paint completed August 2025
Long-term tenancy with the USPS.
Current Base Rent: $60,000.00 per year (Expires 5/13/2026)
Future Base Rent: $134,845.00 per year (5/14/2026 to 4/30/2031)
USPS Landlord Maintenance Rider
Site includes vacant land neighboring the property that was formerly a single family residence. Excellent upside with future development.
Contact us for more details.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$134,845
|
$37.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$134,845
|
$37.46
|
| Taxes |
$8,874
|
$2.47
|
| Operating Expenses |
$4,285
|
$1.19
|
| Total Expenses |
$13,159
|
$3.66
|
| Net Operating Income |
$121,686
|
$33.80
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $134,845 |
| Annual Per SF | $37.46 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $134,845 |
| Annual Per SF | $37.46 |
| Taxes | |
|---|---|
| Annual | $8,874 |
| Annual Per SF | $2.47 |
| Operating Expenses | |
|---|---|
| Annual | $4,285 |
| Annual Per SF | $1.19 |
| Total Expenses | |
|---|---|
| Annual | $13,159 |
| Annual Per SF | $3.66 |
| Net Operating Income | |
|---|---|
| Annual | $121,686 |
| Annual Per SF | $33.80 |
Property Facts Under Contract
| Price | $1,655,000 | Lot Size | 0.53 AC |
| Price Per SF | $459.72 | Building Size | 3,600 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.35% | Year Built | 1996 |
| Property Type | Specialty | Tenancy | Single |
| Property Subtype | Post Office | Parking Ratio | 5/1,000 SF |
| Building Class | C | ||
| Zoning | RC, Colton | ||
| Price | $1,655,000 |
| Price Per SF | $459.72 |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 3,600 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Tenancy | Single |
| Parking Ratio | 5/1,000 SF |
| Zoning | RC, Colton |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01116544 | Total Assessment | $806,370 |
| Land Assessment | $0 | Annual Taxes | $8,874 ($2.47/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
01116544
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$806,370
Annual Taxes
$8,874 ($2.47/SF)
Tax Year
2025
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Presented by
Parr Financial Corporation
20988 S Highway 211 - Colton Post Office
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