Industrial Building with Office
For Sale
$2,750,000
1163 NE 63rd Ave, Portland, OR 97213
Industrial building for sale with dedicated office space and fenced, paved parking on a 0.75-acre lot.
Property Size18,800 SF
Lot Size0.75 Acres
Price / SF$146.28
Days on Market49
Property Features for 1163 NE 63rd Ave
General Information
Standard status
Active
Size
18,800 SF
Lot size
0.75 Acres
Property subtype
Showroom
Additional Details
Fenced Yard
Yes
Building Details
Building Size
18,800 SF
Year Built
1957
Listing Agency:
(503) 816-3925
Listed By:
Ryan Bowers
(503) 816-3925
Source:
Capacitycommercial
Added: Jun 25
Changed: Aug 7
Last Checked: Aug 11 at 5:29AM
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 Ryan Bowers
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.
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 = 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
$243,360
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
8.85%
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%
$4,867,200
$4.9M
Cap Rate 7%
$3,476,571
$3.5M
Cap Rate 9%
$2,704,000
$2.7M
Market Conditions
NOI Build-Up for 18,800 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
$428.6K $22.80/SF
− Vacancy
−$104.2K −$5.54/SF
EGI
$324.5K $17.26/SF
− OpEx
−$81.1K −$4.31/SF
NOI
$243.4K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$4,867,200
Cap Rate 7%
$3,476,571
Cap Rate 9%
$2,704,000
Alternative Uses
Best Use
Office B
$3.48M
$3.04M – $4.06M
NOI $243,360 @ 7.0% cap · market cap 8.85%
Second Best
Flex RnD
$2.73M
$2.39M – $3.18M
NOI $190,925 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,565 @ 7.0% cap · market cap 13.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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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 $2,750,000.
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
