Upgraded Office Building For
For Sale
Contact for pricing
1625-1645 NW Hoyt St, Portland, OR
Completely upgraded office building in desirable NW Portland location.
Property Size7,500 SF
Lot Size0.30 Acres
Price / SF$280
Days on Market864
Property Features for 1625-1645 NW Hoyt St
General Information
Standard status
Active
Size
7,500 SF
Lot size
0.30 Acres
Property subtype
OFFICE
Listing Agency:
Macadam Forbes
(503) 972-7293
Listed By:
Rhys Konrad · License #201205396
Source:
Moodyscre
Added: Mar 22, 2024
Changed: Jul 10
Last Checked: Jul 21 at 5:00AM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This upgraded office building is available for sale in a desirable Northwest Portland location, offering close proximity to Slabtown and the Pearl District. The property provides an open and flexible working condition, with dedicated conference and break area spaces. The building has been completely upgraded, including seismic improvements. The property includes 6 dedicated and fenced off-street parking spaces. The building has a property size of 7500 square feet.
Key Highlights
- Completely upgraded building, including seismic reinforcement
- Desirable NW Portland location near Slabtown and the Pearl District
- Six dedicated and fenced off‑street parking spaces
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 | $171.0k | $22.80 |
| − Vacancy | −$41.6k | −$5.54 |
| EGI | $129.4k | $17.26 |
| − OpEx | −$32.4k | −$4.31 |
| NOI | $97.1k | $12.94 |
7,500 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.39M
$1.21M – $1.62M
NOI $97,085 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,433 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11,027
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?
Office building - Completely upgraded office building in desirable NW Portland location.
Where is this office building located?
The property is located at 1625-1645 NW Hoyt St Portland, OR.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Completely upgraded building, including seismic reinforcement; Desirable NW Portland location near Slabtown and the Pearl District; Six dedicated and fenced off‑street parking spaces
