Mixed-Use Building in SE
1032 N Killingsworth St # 1038 Portland, OR 97217
For Sale
$1,899,500
6,400 SF mixed-use building on corner lot near I5.
Property Size6,400 SF
Lot Size0.21 Acres
Price / SF$296.80
Days on Market182
Property Features for 1032 N Killingsworth St # 1038
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Lot size
- 0.21 Acres
- Property subtype
- Retail
Listing Agency:
(503) 919-2072
Listed By:
Tim Phommany
Source:
Corfac
Added: Jan 26
Changed: Jul 6
Last Checked: Jul 26 at 6:02AM
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 Tim Phommany
Investment Insights
Based on property information with market context.
This 6,400 square foot mixed-use building is located on a corner lot in Southeast Portland. Situated at the intersection of N Killingsworth and N Missouri Ave, the multi-parcel property is adjacent to I5 and close to Peninsula Park and the PCC Cascade Campus. The building features retail space and second-floor living space. The property, situated on a 9,000 square foot lot, is zoned CM2 (Commercial Mixed-Use 2), which allows for up to 4 stories, with a 5th story possible via bonus provision. This presents a significant development potential for investors or owner-users.
Key Highlights
- Significant Development Potential: CM2 Zoning allows up to 4 stories (5th with bonus provision).
- Mixed‑Use Building: Features both retail and 2nd‑floor living space.
- Prime Location: Corner lot at N Killingsworth and N Missouri Ave, adjacent to I5.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.6k | $24.00 |
| − Vacancy | −$15.4k | −$2.40 |
| EGI | $138.2k | $21.60 |
| − OpEx | −$51.8k | −$8.10 |
| NOI | $86.4k | $13.50 |
6,400 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.23M
$1.08M – $1.44M
NOI $86,400 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,176 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,809 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Taqueria El Tarasco
Restaurant
Vieng Lao Oriental ...
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Mixed-use property - 6,400 SF mixed-use building on corner lot near I5.
Where is this mixed-use property located?
The property is located at 1032 N Killingsworth St # 1038 Portland, OR.
What is the asking price?
The asking price for this property is $1,899,500.
What are key features of this property?
This property features: Significant Development Potential: CM2 Zoning allows up to 4 stories (5th with bonus provision).; Mixed‑Use Building: Features both retail and 2nd‑floor living space.; Prime Location: Corner lot at N Killingsworth and N Missouri Ave, adjacent to I5.
