Historic Mixed-Use Building For
For Sale
Contact for pricing
711-719 SE Grand Ave, Portland, OR
Historic mixed-use building with retail and office space available.
Property Size9,812 SF
Lot Size0.11 Acres
Price / SF$163.07
Days on Market978
Property Features for 711-719 SE Grand Ave
General Information
Standard status
Active
Size
9,812 SF
Lot size
0.11 Acres
Property subtype
OFFICE
Lease Type
NNN
Site & Location
Neighborhood
Buckman Community Association
Properties For Sale
at 711-719 SE Grand Ave
711 SE Grand Ave
AVAILABLE, Now
Floor
Bldg
Size
9,812 SF
Type
OFFICE
Lease Type
NNN
Sublease
No
- Gorgeous, historic mixed-use, owner/user building
- Central, close-in east side location
- Mix of private offices, open workspaces
- Hardwood floors, high ceilings and tons of natural light
Contact us
Listing Agency:
NAI Elliott
(503) 224-6791
Listed By:
Justin Darling
(503) 457-2990
Source:
Moodyscre
Added: Feb 27, 2024
Changed: Oct 25
Last Checked: Nov 1 at 4:36AM
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 NAI Elliott
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a historic mixed-use building suitable for an owner/user. It features a central location on the close-in east side. The building offers a mix of private offices, open workspaces, large and small conference rooms, and phone booths. Interior features include hardwood floors, high ceilings, and natural light. The property also includes showers, restrooms, kitchens, and a secure bike room. The ground floor is suitable for retail use due to strong traffic counts. The building has a total size of 9812 square feet.
Key Highlights
- Central, close‑in east side location
- Historic mixed‑use building suitable for owner/user
- Features a mix of private offices, open workspaces, conference rooms, and phone booths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,462
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,649,240
$2.6M
Cap Rate 7%
$1,892,314
$1.9M
Cap Rate 9%
$1,471,800
$1.5M
Market Conditions
NOI Build-Up for 9,812 SF
Gross rent
$235.5K $24.00/SF
− Vacancy
−$23.5K −$2.40/SF
EGI
$211.9K $21.60/SF
− OpEx
−$79.5K −$8.10/SF
NOI
$132.5K $13.50/SF
Area
Portland, OR
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,649,240
Cap Rate 7%
$1,892,314
Cap Rate 9%
$1,471,800
Alternative Uses
Best Use
Mixed Use
$1.89M
$1.66M – $2.21M
NOI $132,462 @ 7.0% cap · market cap 8.28%
Second Best
Office B
$1.81M
$1.59M – $2.12M
NOI $127,013 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$2.76M
$2.41M – $3.21M
NOI $192,882 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,064
Businesses Nearby
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 Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic mixed-use building with retail and office space available.
Where is this mixed-use property located?
The property is located at 711-719 SE Grand Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Central, close‑in east side location; Historic mixed‑use building suitable for owner/user; Features a mix of private offices, open workspaces, conference rooms, and phone booths
