Auto Shop with Vacant
New
For Sale
$1,975,000
11834-11846 Southeast Stark Street, Portland, OR 97216
Owner-occupied automotive building scheduled for vacant possession at closing, supporting sales and repair operations.
Property Size9,512 SF
Days on Market2
Property Features for 11834-11846 Southeast Stark Street
General Information
Standard status
Active
Size
9,512 SF
Property subtype
Retail - Street Retail
Occupancy
100%
Additional Details
Road Access
Yes
Building Details
Building Size
9,512 SF
Year Built
1995
Listing Agency:
Macadam Forbes
(971) 201-8738
Listed By:
Tyler Collins · License ##201219113
Source:
Commercialcafe
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 2:29AM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This 1995-built auto shop is currently occupied by the owner and is scheduled to be delivered vacant at closing. The property is positioned for automotive sales and repair uses, providing a commercial building aligned with service-oriented vehicle operations.
The asset is located at 11834-11846 Southeast Stark Street in Portland’s Gateway area. An assumable seller-carried note is available, with additional terms to be provided by the brokers.
The asset is located at 11834-11846 Southeast Stark Street in Portland’s Gateway area. An assumable seller-carried note is available, with additional terms to be provided by the brokers.
Key Highlights
- Auto shop suited to automotive sales and repair uses
- Vacant possession planned at closing
- Built in 1995
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
$110,862
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
5.61%
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%
$2,217,240
$2.2M
Cap Rate 7%
$1,583,743
$1.6M
Cap Rate 9%
$1,231,800
$1.2M
Market Conditions
NOI Build-Up for 9,512 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
$171.2K $18.00/SF
− Vacancy
−$12.8K −$1.35/SF
EGI
$158.4K $16.65/SF
− OpEx
−$47.5K −$5.00/SF
NOI
$110.9K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,217,240
Cap Rate 7%
$1,583,743
Cap Rate 9%
$1,231,800
Alternative Uses
Best Use
Retail
$1.58M
$1.39M – $1.85M
NOI $110,862 @ 7.0% cap · market cap 5.61%
Second Best
Industrial
$852.9K
$746.3K – $995.0K
NOI $59,702 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $186,984 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97216, OR
17,488
Population
7,235
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
6,995
Density / Sq Mi
$71,951
Median Household Income
$42,537
Median Earnings
$1,390
Median Rent
$439,000
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- SHAWTECH Automotive Repair — 1809 SE 122nd Ave, Portland, OR 97233, United States
Frequently Asked Questions
What type of property is this?
Auto shop - Owner-occupied automotive building scheduled for vacant possession at closing, supporting sales and repair operations.
Where is this auto shop located?
The property is located at 11834-11846 Southeast Stark Street Portland, OR.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Auto shop suited to automotive sales and repair uses; Vacant possession planned at closing; Built in 1995
