Johns Landing Office Building For
4540 S Kelly Ave Portland, OR
For Sale
Contact for pricing
Office building in desirable Johns Landing location with river views.
Property Size17,799 SF
Lot Size0.41 Acres
Price / SF$161.53
Days on Market1209
Property Features for 4540 S Kelly Ave
General Information
Standard status
Active
Size
17,799 SF
Lot size
0.41 Acres
Property subtype
OFFICE
Properties For Sale
at 4540 S Kelly Ave Contact us
Listing Agency:
Kidder Mathews
(503) 545-6475
Listed By:
Jake Haas · License #201223508
(503) 545-6475
Source:
Moodyscre
Added: Apr 6, 2023
Changed: Jul 6
Last Checked: Jul 21 at 8:24AM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This office building is situated in the highly desirable Johns Landing area. The property features 19 on-site parking spaces and a large window line providing abundant natural light. It offers views of Mt. Hood and the Willamette River. High exposed ceilings and a massive outdoor deck are present for entertaining clients. The location provides easy access to downtown, bridges, and I-5, with numerous shopping and restaurant options nearby. The property size is 17799 square feet.
Key Highlights
- SPECTACULAR views of Mt. Hood and the Willamette River
- MASSIVE OUTDOOR deck for entertaining clients
- HIGHLY desirable location in close‑in Johns Landing
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 | $405.8k | $22.80 |
| − Vacancy | −$98.6k | −$5.54 |
| EGI | $307.2k | $17.26 |
| − OpEx | −$76.8k | −$4.31 |
| NOI | $230.4k | $12.94 |
17,799 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.29M
$2.88M – $3.84M
NOI $230,403 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.00M
$4.37M – $5.83M
NOI $349,888 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building in desirable Johns Landing location with river views.
Where is this office building located?
The property is located at 4540 S Kelly Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: SPECTACULAR views of Mt. Hood and the Willamette River; MASSIVE OUTDOOR deck for entertaining clients; HIGHLY desirable location in close‑in Johns Landing
