Move-in Ready Office
For Sale
Contact for pricing
4011-4023 NE Hancock St, Portland, OR
Available office space with abundant natural light and great visibility.
Property Size2,436 SF
Lot Size0.09 Acres
Price / SF$215.52
Days on Market493
Property Features for 4011-4023 NE Hancock St
General Information
Standard status
Active
Size
2,436 SF
Lot size
0.09 Acres
Property subtype
OFFICE
Listing Agency:
Apex Real Estate Partners
(503) 407-9011
Listed By:
Max Schlesinger
(503) 407-9011
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:36AM
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 Apex Real Estate Partners
Investment Insights
Based on property information with market context.
This ground floor condo, built in 2004, offers approximately 2,436 square feet of available office space. The space is move-in ready with a turnkey, plug-and-play setup and a security system already in place. The offices and conference rooms feature relites, providing abundant natural light and an open, collaborative feel. The property benefits from great visibility along NE Hancock Street and includes a roll-up door.
Key Highlights
- Move‑in ready, turnkey, plug‑and‑play setup
- ± 2,436 SF available immediately
- Rare owner/user opportunity with potential rental income
Financial Insights For Office B
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 | $55.5k | $22.80 |
| − Vacancy | −$13.5k | −$5.54 |
| EGI | $42.0k | $17.26 |
| − OpEx | −$10.5k | −$4.31 |
| NOI | $31.5k | $12.94 |
2,436 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$450.5K
$394.2K – $525.6K
NOI $31,533 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$684.1K
$598.6K – $798.1K
NOI $47,886 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,102
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Available office space with abundant natural light and great visibility.
Where is this office units located?
The property is located at 4011-4023 NE Hancock St Portland, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Move‑in ready, turnkey, plug‑and‑play setup; ± 2,436 SF available immediately; Rare owner/user opportunity with potential rental income
