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Retail Space on NW Cornell
For Lease
$30 SF/Yr

12923 NW Cornell Road, Portland, OR 97229

Retail space available for lease with high traffic volume.

Space Size1,037 SF
Days on Market344

Property Features for 12923 NW Cornell Road

General Information

Standard status Active
Size 1,037 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 1,037 SF

Spaces For Lease

at 12923 NW Cornell Road Contact us

Suite 102 $30/SF/Mo

Size
1,037 SF
Term
Negotiable
Contact us

Suite 202 $30/SF/Mo

Size
1,037 SF
Term
Negotiable
Contact us
Listing Agency: Norris & Stevens, Inc. - Corporate
Listed By: Mallorie Goody
Source: Tcnworldwide
Added: Sep 12, 2025 Changed: Aug 21 Last Checked: Aug 21 at 5:33AM

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 Norris & Stevens, Inc. - Corporate

Investment Insights

Based on property information with market context.

This commercial space is available for lease and offers approximately 1,037 square feet of retail area. The building is elevator serviced and ADA accessible. Located off NW Cornell Road, the property benefits from a traffic volume of approximately 9,700 vehicles per day.

Key Highlights

  • High traffic volume (± 9,700 VPD off NW Cornell Rd)
  • Commercial space available for lease
  • Elevator serviced building

Property Analytics

Current Use

Nereida Aguiar Alternative Medicine Practice Justin Clark Spa & Massage Center Mark Hanawalt Agency, ... Insurance Agency Traci Juarez, REALTOR- ... Real Estate Agency Michelle Knutson Portland ... Real Estate Agency

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Barber Shop

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

NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

868
Businesses Nearby

Demographics for 97229, OR

73,602
Population
28,312
Households
2.6
Avg Household Size
38
Median Age
69%
College-Educated
98%
High-School Grad
19.7 sq mi
ZIP Area
3,736
Density / Sq Mi
$159,863
Median Household Income
$83,904
Median Earnings
$1,948
Median Rent
$728,800
Median Home Value

Market

Lease Benchmarks for Portland, OR

$23.6 /SF/Yr
Avg Asking Price
$12–$38 /SF/Yr
Price Range
24,336 SF
Avg Space Size

This space is priced 27% above the average of $23.6 /SF/Yr.

Vacancy Rate% for Retail in Portland, OR

4.6% 2019
5.6% 2020
5.2% 2021
4.2% 2022
4.4% 2023
4.7% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available for lease with high traffic volume.
Where is this retail space located?
The property is located at 12923 NW Cornell Road Portland, OR.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: High traffic volume (± 9,700 VPD off NW Cornell Rd); Commercial space available for lease; Elevator serviced building
More about this property
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