Building Details

Building Size 9,512 SF

Year Built 1995

Listing Agency: Macadam Forbes

Listed By: Tyler Collins · License ##201219113 Show Phone

Source: Commercialcafe

Added: Aug 10 Changed: Oct 7 Last Checked: Oct 12 at 4:46PM

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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 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.

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 / Yr

$110,862

Cap Rate

5.61%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $110,862 @ 7.0% cap · market cap 5.61%

Second Best

Industrial

$852.9K

$746.3K – $995.0K (±1% cap)

NOI $59,702 @ 7.0% cap · market cap 3.02%

Theoretical Best

Office A

$2.67M

$2.34M – $3.12M (±1% cap)

NOI $186,984 @ 7.0% cap · market cap 9.47%

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

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Electrical Service Bakery Barber Shop (Bike/Boat/Book/etc) Store Plumbing Service Parking Lot & Garage

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

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

4.6% 2019

5.6% 2020

5.2% 2021

4.2% 2022

4.4% 2023

4.7% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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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