Functional Industrial Site For
For Sale
$1,950,000
1105 SE Woodward St, Portland, OR 97202
Functional industrial site with flexibility for multiple tenant spaces.
Property Size9,877 SF
Price / SF$112.44
Days on Market193
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:
Capacitycommercial
Added: Mar 26
Changed: Oct 2
Last Checked: Oct 4 at 7:45AM
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 is a rare opportunity to own a functional industrial site. The property offers flexibility for an owner to create multiple tenant spaces if desired. The property size is 17343 square feet and is ready to occupy for a user as is.
Key Highlights
- Rare opportunity to own a close‑in industrial site.
- Multiple tax lots included.
- Ready to occupy as is.
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
$175,728
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
9.01%
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%
$3,514,560
$3.5M
Cap Rate 7%
$2,510,400
$2.5M
Cap Rate 9%
$1,952,533
$2.0M
Market Conditions
NOI Build-Up for 17,343 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
$260.1K $15.00/SF
− Vacancy
−$9.1K −$0.53/SF
EGI
$251.0K $14.48/SF
− OpEx
−$75.3K −$4.34/SF
NOI
$175.7K $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 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%
$3,514,560
Cap Rate 7%
$2,510,400
Cap Rate 9%
$1,952,533
Alternative Uses
Best Use
Flex RnD
$3.30M
$2.89M – $3.86M
NOI $231,321 @ 7.0% cap · market cap 11.86%
Second Best
Industrial
$2.51M
$2.20M – $2.93M
NOI $175,728 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$4.14M
$3.62M – $4.83M
NOI $289,628 @ 7.0% cap · market cap 14.85%
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
2,067
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Portland, OR
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Frequently Asked Questions
What type of property is this?
Flex space - Functional industrial site with flexibility for multiple tenant spaces.
Where is this flex space 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 close‑in industrial site.; Multiple tax lots included.; Ready to occupy as is.
