Remodeled Building in Arbor
5819 N GREELEY Portland, OR 97217
5819 N GREELEY, Portland, OR, 97217
$895,000
For Sale
$895,000
Refreshed building in vibrant NoPo neighborhood with live-work potential.
Property Size2,168 SF
Price / SF$412.82
Days on Market450
Property Features for 5819 N GREELEY
General Information
- Standard status
- Active
- Size
- 2,168 SF
Building Details
- Year Built
- 1906
Listing Agency
INVESTORS TRUST REALTY
Listed by
JAMES DEMARCO
Source
Corcoran
Added: Apr 24, 2025 Checked: Mar 16 at 9:08 am
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 INVESTORS TRUST REALTY
Investment Insights
Based on property information with market context.
Located in the Arbor Lodge Park Overlook neighborhood, this refreshed and remodeled building offers potential in every direction. The property features 7 private offices, a lobby, a lounge room, a therapy room, and a relaxation room. Situated in the vibrant Arbor Lodge Park neighborhood of NoPo, the location provides convenient access to the Adidas campus, coffee shops, cafes, pubs, food carts, shops, and parks. The property offers live-work potential with office, retail, and business space. The property is zoned CM1, offering multiple options to add or build an ADU or more.
Key Highlights
- Prime Location: In the highly desirable and convenient Arbor Lodge Park neighborhood in North Portland (NoPo).
- Versatile CM1 Zoning: Explore opportunities for adding an ADU or further development (subject to city approval).
- Remodeled Building: Features 7 private offices, lobby, lounge, therapy, and relaxation rooms.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.0k | $24.00 |
| − Vacancy | −$5.2k | −$2.40 |
| EGI | $46.8k | $21.60 |
| − OpEx | −$17.6k | −$8.10 |
| NOI | $29.3k | $13.50 |
2,168 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$418.1K
$365.9K – $487.8K
NOI $29,268 @ 7.0% cap · market cap 3.27%
Second Best
Office B
$400.9K
$350.8K – $467.7K
NOI $28,064 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$608.8K
$532.7K – $710.3K
NOI $42,618 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Marleen Haverty
Alternative Medicine Practice
Susanna Niveen Farahat
Alternative Medicine Practice
Catharsis Counseling and Clinical ...
Crisis Center
Seven Circles Natural ...
Alternative Medicine Practice
Dr. Kristin Wing
Alternative Medicine Practice
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FAQs
What type of property is this?
Office units - Refreshed building in vibrant NoPo neighborhood with live-work potential.
Where is this office units located?
The property is located at 5819 N GREELEY Portland, OR.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Prime Location: In the highly desirable and convenient Arbor Lodge Park neighborhood in North Portland (NoPo).; Versatile CM1 Zoning: Explore opportunities for adding an ADU or further development (subject to city approval).; Remodeled Building: Features 7 private offices, lobby, lounge, therapy, and relaxation rooms.
