Portland Warehouse with Fenced
For Sale
$3,150,000
2776 SE 8th Ave, Portland, OR 97202
Warehouse with office, fenced yard, and convenient location.
Property Size12,000 SF
Price / SF$262.50
Days on Market260
Property Features for 2776 SE 8th Ave
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Industrial
Building Details
Year Built
1957
Listing Agency:
Capacity Commercial Group
(503) 781-4008
Listed By:
Don Ossey, SIOR · License #201233429
(503) 781-4008
Source:
Corfac
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: Aug 11 at 5:40AM
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 property, located in Portland's Close-in Eastside just off Powell Blvd, features a \u00b1 12,000 SF warehouse and \u00b1 2,200 SF of office space. Situated on a 0.55-acre lot (23,815 SF), the property includes an 11,815 SF fenced and paved yard. Constructed in 1957 with reinforced concrete, the warehouse has a 12’ clear height and LED lighting. It is equipped with two dock doors and has 600 Amp, 240 Volt, 3 Phase power. The property is zoned IG1. Its central location offers proximity to the East End of the Ross Island Bridge and minutes from Downtown Portland. Easy access to Hwy 99 and I-5 is available via SE Powell Blvd. Nearby highlights include Artist & Craftsman Supply, New Seasons Market, Dutch Bros Coffee, Burgerville, and Hopworks Brewery.
Key Highlights
- Central location near Ross Island Bridge and minutes from Downtown Portland.
- Boasts a ± 12,000 SF Warehouse with 12' clear height.
- Features a ± 11,815 SF Fenced, Paved Yard.
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
$147,645
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
4.69%
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%
$2,952,900
$3.0M
Cap Rate 7%
$2,109,214
$2.1M
Cap Rate 9%
$1,640,500
$1.6M
Market Conditions
NOI Build-Up for 12,000 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
$180.0K $15.00/SF
− Vacancy
−$6.3K −$0.53/SF
EGI
$173.7K $14.48/SF
− OpEx
−$26.1K −$2.17/SF
NOI
$147.6K $12.30/SF
Area
ZIP 97202
Vacancy
3.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
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%
$2,952,900
Cap Rate 7%
$2,109,214
Cap Rate 9%
$1,640,500
Alternative Uses
Best Use
Warehouse
$2.11M
$1.85M – $2.46M
NOI $147,645 @ 7.0% cap · market cap 4.69%
Second Best
Industrial
$1.74M
$1.52M – $2.03M
NOI $121,590 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$2.86M
$2.51M – $3.34M
NOI $200,400 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,757
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with office, fenced yard, and convenient location.
Where is this warehouse located?
The property is located at 2776 SE 8th Ave Portland, OR.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Central location near Ross Island Bridge and minutes from Downtown Portland.; Boasts a ± 12,000 SF Warehouse with 12' clear height.; Features a ± 11,815 SF Fenced, Paved Yard.
