Office Space in Goose
For Sale
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1411 SW 14th Ave, Portland, OR
Office space for rent in Southwest Downtown Portland.
Property Size3,589 SF
Lot Size0.08 Acres
Price / SF$257.73
Days on Market1813
Property Features for 1411 SW 14th Ave
General Information
Standard status
Active
Size
3,589 SF
Lot size
0.08 Acres
Property subtype
OFFICE
Listing Agency:
Capacity Commercial Group
(503) 326-9000
Listed By:
Nicholas Diamond · License ##200403266
Source:
Moodyscre
Added: Aug 27, 2021
Changed: Aug 8
Last Checked: Aug 8 at 5:01AM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This office space is located in the Goose Hollow neighborhood of Southwest Downtown Portland, near I-405 and Highway 26. The property is situated in a highly walkable area, with retail, dining, MAX Light Rail, and Portland State University within blocks. Nearby points of interest include Lincoln High School, the Multnomah Athletic Club, Providence Park, Portland State University, the Portland Art Museum, and the Goose Hollow/SW Jefferson MAX Station. The property offers 3,589 square feet of office space.
Key Highlights
- Highly walkable location close to retail, dining, MAX Light Rail, and Portland State University.
- Goose Hollow neighborhood in Southwest Downtown Portland.
- Proximity to I‑405 and Highway 26.
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
$46,459
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
5.02%
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%
$929,180
$929.2K
Cap Rate 7%
$663,700
$663.7K
Cap Rate 9%
$516,211
$516.2K
Market Conditions
NOI Build-Up for 3,589 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
$81.8K $22.80/SF
− Vacancy
−$19.9K −$5.54/SF
EGI
$61.9K $17.26/SF
− OpEx
−$15.5K −$4.31/SF
NOI
$46.5K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$929,180
Cap Rate 7%
$663,700
Cap Rate 9%
$516,211
Alternative Uses
Best Use
Office B
$663.7K
$580.7K – $774.3K
NOI $46,459 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$881.9K – $1.18M
NOI $70,552 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
486
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 - Office space for rent in Southwest Downtown Portland.
Where is this office units located?
The property is located at 1411 SW 14th Ave Portland, OR.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Highly walkable location close to retail, dining, MAX Light Rail, and Portland State University.; Goose Hollow neighborhood in Southwest Downtown Portland.; Proximity to I‑405 and Highway 26.
