Airport Way Industrial Headquarters
For Sale
Contact for pricing
11555 - 11633 NE Sumner St, Portland, OR 97220
Prime industrial property in the Airport Way submarket.
Property Size73,243 SF
Price / SF$144
Days on Market250
Property Features for 11555 - 11633 NE Sumner St
General Information
Standard status
Active
Size
73,243 SF
Property subtype
Industrial
Zoning
IG-2 (General Industrial), City of Portland
Lease Type
NNN
Building Details
Year Built
1983
Listing Agency:
Kidder Matthews
Listed By:
John Hallman · License #201235126
(503) 721-2721
Source:
Crexi
Added: Jan 30
Changed: Sep 22
Last Checked: Oct 5 at 5:59PM
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 Kidder Matthews
Investment Insights
Based on property information with market context.
This industrial headquarters facility is located in the Airport Way submarket, historically the most sought-after area in the Portland Metro. The property is situated in a hub for manufacturing and logistics. It offers strong infrastructure, easy highway access, and nearby amenities. The location benefits from a strong labor force. The property size is 73,243 square feet.
Key Highlights
- Prime infill location in the largest and historically most sought‑after submarket in the Portland Metro area (Airport Way).
- Well‑located hub for manufacturing and logistics.
- Strong infrastructure.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$459,708
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,194,160
$9.2M
Cap Rate 7%
$6,567,257
$6.6M
Cap Rate 9%
$5,107,867
$5.1M
Market Conditions
NOI Build-Up for 73,243 SF
Gross rent
$703.1K $9.60/SF
− Vacancy
−$46.4K −$0.63/SF
EGI
$656.7K $8.97/SF
− OpEx
−$197.0K −$2.69/SF
NOI
$459.7K $6.28/SF
Area
Portland, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,194,160
Cap Rate 7%
$6,567,257
Cap Rate 9%
$5,107,867
Alternative Uses
Best Use
Industrial
$6.57M
$5.75M – $7.66M
NOI $459,708 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.57M
$18.00M – $24.00M
NOI $1,439,791 @ 7.0% cap · market cap 13.56%
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
1,385
Businesses Nearby
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 Industrial in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Prime industrial property in the Airport Way submarket.
Where is this industrial property located?
The property is located at 11555 - 11633 NE Sumner St Portland, OR.
What is the asking price?
The asking price for this property is $10,620,000.
What are key features of this property?
This property features: Prime infill location in the largest and historically most sought‑after submarket in the Portland Metro area (Airport Way).; Well‑located hub for manufacturing and logistics.; Strong infrastructure.
