Freestanding Commercial Building with
For Sale
Contact for pricing
4023 NE Tillamook St, Portland, OR
Commercial building with off-street parking and building signage available.
Property Size3,132 SF
Lot Size0.11 Acres
Price / SF$279.37
Days on Market474
Property Features for 4023 NE Tillamook St
General Information
Standard status
Active
Size
3,132 SF
Lot size
0.11 Acres
Property subtype
OFFICE
Listing Agency:
Macadam Forbes
(503) 972-7294
Listed By:
Joe Kappler · License ##200605069
Source:
Moodyscre
Added: Apr 16, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:07AM
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 freestanding commercial building offers 3,132 square feet of space and includes off-street parking. Building signage is available. The property features a heavy office buildout with restrooms in each space.
Key Highlights
- Freestanding commercial building
- Benefit from off‑street parking
- Building signage available
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 | $71.4k | $22.80 |
| − Vacancy | −$17.4k | −$5.54 |
| EGI | $54.1k | $17.26 |
| − OpEx | −$13.5k | −$4.31 |
| NOI | $40.5k | $12.94 |
3,132 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$579.2K
$506.8K – $675.7K
NOI $40,543 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$879.5K
$769.6K – $1.03M
NOI $61,568 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,102
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 - Commercial building with off-street parking and building signage available.
Where is this office building located?
The property is located at 4023 NE Tillamook St Portland, OR.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Freestanding commercial building; Benefit from off‑street parking; Building signage available
