Multnomah Village Retail
For Sale
Contact for pricing
7881 SW Capitol Hwy, Portland, OR
Retail property in vibrant Multnomah Village, available now.
Property Size4,616 SF
Lot Size0.09 Acres
Price / SF$192.81
Days on Market539
Property Features for 7881 SW Capitol Hwy
General Information
Standard status
Active
Size
4,616 SF
Lot size
0.09 Acres
Property subtype
RETAIL
Listing Agency:
Commercial Realty Advisors Northwest LLC
(503) 274-0211
Listed By:
Kathleen Healy · License #200308123
(503) 880-3033
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Sep 13
Last Checked: Sep 16 at 6:49PM
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 Commercial Realty Advisors Northwest LLC
Investment Insights
Based on property information with market context.
This retail property, located in the heart of Multnomah Village, presents an opportunity for an owner-user or investor. The property is surrounded by co-tenants including Consign Couture, Switch, JP General, Peggy Sundays, Yalla, ZoomCare, Fat Kitty, and Annie Blooms Books. The property offers 4,616 square feet of space and is available now.
Key Highlights
- Prime location in the heart of vibrant Multnomah Village.
- Immediate co‑tenancy with established businesses (Consign Couture, Switch, JP General, Peggy Sundays, Yalla, ZoomCare, Fat Kitty, Annie Blooms Books).
- Suitable for owner/user or investment.
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
$53,799
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
6.04%
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%
$1,075,980
$1.1M
Cap Rate 7%
$768,557
$768.6K
Cap Rate 9%
$597,767
$597.8K
Market Conditions
NOI Build-Up for 4,616 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
$83.1K $18.00/SF
− Vacancy
−$6.2K −$1.35/SF
EGI
$76.9K $16.65/SF
− OpEx
−$23.1K −$5.00/SF
NOI
$53.8K $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 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%
$1,075,980
Cap Rate 7%
$768,557
Cap Rate 9%
$597,767
Alternative Uses
Best Use
Retail
$768.6K
$672.5K – $896.7K
NOI $53,799 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.13M – $1.51M
NOI $90,740 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Portland, OR
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail property in vibrant Multnomah Village, available now.
Where is this storefront property located?
The property is located at 7881 SW Capitol Hwy Portland, OR.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Prime location in the heart of vibrant Multnomah Village.; Immediate co‑tenancy with established businesses (Consign Couture, Switch, JP General, Peggy Sundays, Yalla, ZoomCare, Fat Kitty, Annie Blooms Books).; Suitable for owner/user or investment.
