Corner Lot Retail-Office
For Sale
Contact for pricing
11020 North Moore Avenue, Portland, OR 97217
Commercial building with office and retail space options on a corner lot, available for sale.
Property Size1,956 SF
Lot Size0.70 Acres
Price / SF$268.40
Days on Market130
Property Features for 11020 North Moore Avenue
General Information
Standard status
Active
Size
1,956 SF
Total Parking Spaces
2
Lot size
0.70 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
CM2
Building Details
Units
2
Listing Agency:
Think Commercial
Listed By:
Hope Beraka · License #200603056
(503) 847-2722
Source:
Crexi
Added: May 1
Changed: Sep 6
Last Checked: Sep 7 at 6:27AM
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 Think Commercial
Investment Insights
Based on property information with market context.
This for-sale commercial property at 11020 North Moore Avenue includes a mix of office unit and retail space options, offering flexibility for the right user or tenant. The property sits on a corner lot and comprises approximately 0.7 acres.
The listing reflects a total property size of about 1,956, providing a defined footprint within the site for compatible office or retail configurations. The corner-lot setting can be advantageous for visibility and customer access, depending on the intended use.
If you’re evaluating a small commercial acquisition that can support both office-oriented and retail-oriented space, this asset’s corner-lot positioning and dual-use space types are the key practical attributes highlighted in the information provided.
The listing reflects a total property size of about 1,956, providing a defined footprint within the site for compatible office or retail configurations. The corner-lot setting can be advantageous for visibility and customer access, depending on the intended use.
If you’re evaluating a small commercial acquisition that can support both office-oriented and retail-oriented space, this asset’s corner-lot positioning and dual-use space types are the key practical attributes highlighted in the information provided.
Key Highlights
- .7‑acre corner lot commercial property for sale
- Commercial building offers office and retail space options
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,320
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$506,400
$506.4K
Cap Rate 7%
$361,714
$361.7K
Cap Rate 9%
$281,333
$281.3K
Market Conditions
NOI Build-Up for 1,956 SF
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.
Gross rent
$44.6K $22.80/SF
− Vacancy
−$10.8K −$5.54/SF
EGI
$33.8K $17.26/SF
− OpEx
−$8.4K −$4.31/SF
NOI
$25.3K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$506,400
Cap Rate 7%
$361,714
Cap Rate 9%
$281,333
Alternative Uses
Best Use
Office B
$361.7K
$316.5K – $422.0K
NOI $25,320 @ 7.0% cap · market cap 4.82%
Second Best
Retail
$325.7K
$285.0K – $380.0K
NOI $22,797 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$549.3K
$480.6K – $640.9K
NOI $38,451 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Commercial building with office and retail space options on a corner lot, available for sale.
Where is this office units located?
The property is located at 11020 North Moore Avenue Portland, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: .7‑acre corner lot commercial property for sale; Commercial building offers office and retail space options
