1163 NE 63rd Ave, Portland, OR 97213

Building Details

Building Size 18,800 SF More

Year Built 1957 More

Listing Agency: Capacity Commercial Group

Listed By: Ryan Bowers Show Phone

Source: Capacitycommercial

Added: Jun 25 Changed: Nov 5 Last Checked: Nov 10 at 5:21AM

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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

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Investment Insights

Based on property information with market context.

This for-sale industrial building includes a total 18,800 SF footprint with 2,500 SF of office space. The property sits on a 0.75-acre lot and offers fenced, paved parking, supporting both day-to-day operations and on-site vehicle storage.

Located at 1163 NE 63rd Ave in Portland, Oregon, the site is set up for practical logistics and tenant needs, with parking directly available on the grounds. The fenced lot helps define the usable outdoor area for controlled access.

The building’s split between industrial space and office space makes it a workable fit for owner-operators or businesses that require both production, storage, or work space and an on-site office component. With paved parking already in place and the lot secured by fencing, the property can support operations that benefit from immediate vehicle handling and straightforward access for staff and visitors.

Key Highlights

• Industrial building totaling 18,800 SF
• Includes 2,500 SF of office space
• 0.75‑acre lot with fenced area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$190,925

Cap Rate

7.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,818,500 $3.8M

Cap Rate 7%

$2,727,500 $2.7M

Cap Rate 9%

$2,121,389 $2.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,800 SF

Gross rent

$315.8K $16.80/SF

− Vacancy

−$22.1K −$1.18/SF

EGI

$293.7K $15.62/SF

− OpEx

−$102.8K −$5.47/SF

NOI

$190.9K $10.16/SF

Area

Portland, OR

Vacancy

7.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,818,500

Cap Rate 7%

$2,727,500

Cap Rate 9%

$2,121,389

Alternative Uses

Best Use

Flex RnD

$2.73M

$2.39M – $3.18M (±1% cap)

NOI $190,925 @ 7.0% cap · market cap 7.41%

Second Best

Industrial

$1.69M

$1.47M – $1.97M (±1% cap)

NOI $117,998 @ 7.0% cap · market cap 4.58%

Theoretical Best

Office A

$5.28M

$4.62M – $6.16M (±1% cap)

NOI $369,565 @ 7.0% cap · market cap 14.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

BDI-Bearing Distributors Inc. Distribution Center

Suggested Use

Top Pick Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Parking Lot & Garage Tech Support Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

1,028

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 97213, OR

31,260

Population

14,971

Households

2.1

Avg Household Size

40

Median Age

61%

College-Educated

95%

High-School Grad

4.0 sq mi

ZIP Area

7,815

Density / Sq Mi

$95,801

Median Household Income

$56,941

Median Earnings

$1,490

Median Rent

$609,100

Median Home Value

Market

Average Price Trend$/SF for Flex space in Portland, OR

$263 Jul

$237 Aug

$264 Sep

$254 Oct

Properties on Market for Flex space in Portland

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Portland, OR

3.4% 2019

4.1% 2020

2.5% 2021

2.1% 2022

4.2% 2023

5.5% 2024

6.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial building for sale with dedicated office space and fenced, paved parking on a 0.75-acre lot.

Where is this flex space located?

The property is located at 1163 NE 63rd Ave Portland, OR.

What is the asking price?

The asking price for this property is $2,575,000.

What are key features of this property?

This property features: Industrial building totaling 18,800 SF; Includes 2,500 SF of office space; 0.75‑acre lot with fenced area