North Park Retail/Office
For Sale
Contact for pricing
725 NW Flanders St, Portland, OR
Retail or office space in North Park with mezzanine.
Property Size1,634 SF
Lot Size0.23 Acres
Price / SF$364.14
Days on Market1118
Property Features for 725 NW Flanders St
General Information
Standard status
Active
Size
1,634 SF
Lot size
0.23 Acres
Property subtype
RETAIL
Listing Agency:
Apex Real Estate Partners
(503) 709-3689
Listed By:
Tom Shimota
(503) 709-3689
Source:
Moodyscre
Added: Jul 12, 2023
Changed: Jul 6
Last Checked: Jul 21 at 4:17AM
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 property features an open floor plan with two breakout rooms, a kitchenette, and a restroom, making it suitable for a gallery, retail space, or office. A mezzanine provides additional storage space. The property benefits from good window lines and natural light. It is located in North Park, near bars, restaurants, and shopping options. TriMet transportation is easily accessible. Ample parking options are available. The property provides convenient access to I-405, northwest neighborhoods, and the central business district. The property size is 1634 square feet.
Key Highlights
- Excellent open floor plan suitable for gallery, retail, or office use.
- Incredible north park location near bars, restaurants, and shopping.
- Great window lines and amazing natural light.
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 | $37.3k | $22.80 |
| − Vacancy | −$9.1k | −$5.54 |
| EGI | $28.2k | $17.26 |
| − OpEx | −$7.1k | −$4.31 |
| NOI | $21.2k | $12.94 |
1,634 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$302.2K
$264.4K – $352.5K
NOI $21,152 @ 7.0% cap · market cap 3.55%
Second Best
Retail
$272.1K
$238.1K – $317.4K
NOI $19,044 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$458.9K
$401.5K – $535.4K
NOI $32,121 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12,146
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail or office space in North Park with mezzanine.
Where is this retail space located?
The property is located at 725 NW Flanders St Portland, OR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Excellent open floor plan suitable for gallery, retail, or office use.; Incredible north park location near bars, restaurants, and shopping.; Great window lines and amazing natural light.
