Functional Industrial Site with Multiple
For Sale
$1,950,000
1105 SE Woodward St, Portland, OR 97202
Close-in industrial site featuring three buildings, totaling approximately 17,576 square feet.
Property Size9,877 SF
Price / SF$197.43
Days on Market256
Property Features for 1105 SE Woodward St
General Information
Standard status
Active
Size
9,877 SF
Property subtype
Industrial
Building Details
Building Size
9,877 SF
Year Built
1941
Listed By:
Don Ossey, SIOR
(503) 781-4008
Source:
Corfac
Added: Jan 26
Changed: Sep 13
Last Checked: Oct 7 at 9:41AM
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 Don Ossey, SIOR
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,079
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,001,580
$2.0M
Cap Rate 7%
$1,429,700
$1.4M
Cap Rate 9%
$1,111,989
$1.1M
Market Conditions
NOI Build-Up for 9,877 SF
Gross rent
$148.2K $15.00/SF
− Vacancy
−$5.2K −$0.53/SF
EGI
$143.0K $14.48/SF
− OpEx
−$42.9K −$4.34/SF
NOI
$100.1K $10.13/SF
Area
ZIP 97202
Vacancy
3.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,001,580
Cap Rate 7%
$1,429,700
Cap Rate 9%
$1,111,989
Alternative Uses
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 authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,067
Businesses Nearby
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Portland, OR
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Frequently Asked Questions
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.
