Functional Industrial Site with Multiple
1105 SE Woodward St, Portland, OR 97202
Close-in industrial site featuring three buildings, totaling approximately 17,576 square feet.
Type:Industrial
Property size:
9,877 SFPrice / SF:
$197/SF- Added:
- Jan 26, 2026
- Days on Market:
- 116
- Last Refresh:
- Apr 5 at 8:30 pm
Property Features for 1105 SE Woodward St
General Information
- Standard status
- Active
- Size
- 9,877 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1941
Listing agent Don Ossey, SIOR License #201233429 (503) 542-4344
Listing office Capacity Commercial Group (503) 542-4344
Listing date Jan 26, 2026
Source Corfac
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
HighLights
- Rare opportunity to own a functional, close‑in industrial site with multiple tax lots.
- Total of ± 17,576 SF available across 3 buildings, offering flexibility for single user or multiple tenants.
- Central location near the Ross Island Bridge and minutes from Downtown Portland with easy access to Hwy 99 and I‑5.
- Sale includes 3 separate tax lots, providing potential for individual sale or development.
- Features 4 covered, off‑street parking spaces.
- Includes seismic and structural upgrades.
Overview
This industrial site, located near the east end of the Ross Island Bridge, offers approximately 17,576 square feet of space across three buildings and is available now. The property provides convenient access to Highway 99 and I-5 via SE Powell Boulevard, and is located minutes from Downtown Portland. The site features entrances on both Woodward Street and Milwaukie Avenue. The property, which includes multiple tax lots, presents a rare opportunity for ownership in a central location. It is ready for immediate occupancy and offers the flexibility to create multiple tenant spaces. The buildings can be purchased together or individually. Building 1, located at 1105 SE Woodward St, features 10,080 square feet of space, including 672 square feet of office and breakroom space, a clear height of 12-14 feet, and two grade-level doors (12x14’ and 12x12’). Its column spacing is 27' x 25'. Building 2, located at 2847 SE Milwaukie Ave, offers 2,492 square feet of space with a second-story office, a 20-foot clear span, and one grade-level door (10x14’). It also includes 4 covered parking spaces. Building 3, also located at 2847 SE Milwaukie Ave, provides 5,004 square feet of space with 1,225 square feet of office space, a 15-foot clear height, and one grade-level door (10x14’). It also features a barrel roof and a mezzanine above the office. The property has undergone seismic and structural upgrades and features fluorescent lighting, skylights, and windows for natural light. There are multiple office pods and 4 covered, off-street parking spaces. Nearby highlights include Artist & Craftsman Supply, Dutch Bros Coffee, Burgerville, McDonalds, and New Seasons Market.
Financial Insights
Value Estimation Calculated for Industrial
Conservative
$1.11M
NOI $100,079 @ 9.00% cap · cautious / downside scenario
Moderate
$1.43M
NOI $100,079 @ 7.00% cap · market / base-case scenario
Aggressive
$2.00M
NOI $100,079 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Industrial
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.2k | $15.00 |
| − Vacancy | −$5.2k | −$0.53 |
| EGI | $143.0k | $14.48 |
| − OpEx | −$42.9k | −$4.34 |
| NOI | $100.1k | $10.13 |
9,877 SF · lease $15.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Industrial
$1.43M
$1.25M – $1.67M
NOI $100,079 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $164,946 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Hanset Brothers Inc ...
General Contractor
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.655
- Latitude
- 45.5023
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - Close-in industrial site featuring three buildings, totaling approximately 17,576 square feet.
Where is this industrial property located?
The property is located at 1105 SE Woodward St Portland, OR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Rare opportunity to own a functional, close‑in industrial site with multiple tax lots.; Total of ± 17,576 SF available across 3 buildings, offering flexibility for single user or multiple tenants.; Central location near the Ross Island Bridge and minutes from Downtown Portland with easy access to Hwy 99 and I‑5.
