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708 Columbia St 1,015 SF 100% Leased Office Building Hood River, OR 97031 $590,000 ($581.28/SF) 3.79% Cap Rate
Investment Highlights
- Walkable to downtown amenities
- On-site parking
- Fully leased through Aug. 2028
Executive Summary
Fully leased office building, downtown Hood River. Versatile and turn-key C-1 zoned, two-unit, fully leased through August of 2028. Each unit has private entrance and a reception/common area, two separate office spaces, full bath and kitchenette. Unit 708 (west side) is located on the upper level and unit 706 (east side) is single-level. Enjoy Columbia River views from the oversized windows that bring in warm and bright natural lighting. Property offers three on-site parking spaces plus public on-street parking. Buyer to verify property usage and square footage during due diligence. Vacation rentals are an outright allowed use.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$29,850
|
$29.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$29,850
|
$29.41
|
| Taxes |
$3,887
|
$3.83
|
| Operating Expenses |
$3,610
|
$3.56
|
| Total Expenses |
$7,497
|
$7.39
|
| Net Operating Income |
$22,353
|
$22.02
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $29,850 |
| Annual Per SF | $29.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $29,850 |
| Annual Per SF | $29.41 |
| Taxes | |
|---|---|
| Annual | $3,887 |
| Annual Per SF | $3.83 |
| Operating Expenses | |
|---|---|
| Annual | $3,610 |
| Annual Per SF | $3.56 |
| Total Expenses | |
|---|---|
| Annual | $7,497 |
| Annual Per SF | $7.39 |
| Net Operating Income | |
|---|---|
| Annual | $22,353 |
| Annual Per SF | $22.02 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
1,015 SF
Building Class
C
Year Built
1995
Price
$590,000
Price Per SF
$581.28
Cap Rate
3.79%
NOI
$22,352
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
508 SF
Building FAR
0.07
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
C-1 - https://hoodriver.municipal.codes/HRMC/17.03.040
Parking
3 Spaces (2.96 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03N-10E-25-CD-00902-11786.00 | Total Assessment | $260,550 |
| Land Assessment | $154,480 | Annual Taxes | $3,887 ($3.83/SF) |
| Improvements Assessment | $106,070 | Tax Year | 2025 |
Property Taxes
Parcel Number
03N-10E-25-CD-00902-11786.00
Land Assessment
$154,480
Improvements Assessment
$106,070
Total Assessment
$260,550
Annual Taxes
$3,887 ($3.83/SF)
Tax Year
2025
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Contact the Sale Advisor
708 Columbia St