Retail Space with Drive
For Sale
$1,400,000
10735 NE Halsey St, Portland, OR 97220
Second-generation retail space with drive-thru on a large lot.
Property Size5,400 SF
Days on Market315
Property Features for 10735 NE Halsey St
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Retail
Building Details
Building Size
5,400 SF
Year Built
1973
Listing Agency:
Capacity Commercial Group
Listed By:
Jason VanAbrams
(503) 314-1099
Source:
Capacitycommercial
Added: Nov 25, 2025
Changed: Sep 1
Last Checked: Oct 5 at 5:33PM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This second-generation retail space features a drive-thru. The building encompasses approximately 5,400 square feet and is situated on a lot of approximately 35,284 square feet. The property includes a large retail space or showroom and a secure wholesale production area. There are 23 striped parking spaces distributed across three separate parking areas. The property benefits from pylon signage and frontage on both NE Halsey St and NE Weidler St. A large walk-in vault is present. The property is currently operating with retail and wholesale OLCC cannabis licenses, and the FF&E and intellectual property are available. The site is considered ideal for future mixed-use development. The existing drive-thru is currently in use.
Key Highlights
- Rare existing drive thru currently in use.
- Retail and wholesale OLCC cannabis licenses, FF&E and intellectual property available.
- Ideal site for future mixed‑use development.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,706
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,454,120
$1.5M
Cap Rate 7%
$1,038,657
$1.0M
Cap Rate 9%
$807,844
$807.8K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$103.7K $19.20/SF
− Vacancy
−$6.7K −$1.25/SF
EGI
$96.9K $17.95/SF
− OpEx
−$24.2K −$4.49/SF
NOI
$72.7K $13.46/SF
Area
Portland, OR
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,454,120
Cap Rate 7%
$1,038,657
Cap Rate 9%
$807,844
Alternative Uses
Best Use
Specialty Retail
$1.04M
$908.8K – $1.21M
NOI $72,706 @ 7.0% cap · market cap 5.19%
Second Best
Retail
$899.1K
$786.7K – $1.05M
NOI $62,937 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,152 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
985
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Portland, OR
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Frequently Asked Questions
What type of property is this?
Storefront property - Second-generation retail space with drive-thru on a large lot.
Where is this storefront property located?
The property is located at 10735 NE Halsey St Portland, OR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Rare existing drive thru currently in use.; Retail and wholesale OLCC cannabis licenses, FF&E and intellectual property available.; Ideal site for future mixed‑use development.
