2906 NE Glisan St, Portland, OR
Prime retail space in Portland's vibrant Kerns neighborhood.
- Added:
- Nov 22, 2024
- Days on Market:
- 572
- Last Refresh:
- May 20 at 8:55 pm
Property Features for 2906 NE Glisan St
General Information
- Standard status
- Active
- Size
- 3,860 SF
- Lot size
- 0.10 Acres
- Property subtype
- RETAIL
Listing agent Joe Sandahl, CPM (503) 310-9973
Listing office NAI Elliott (503) 224-6791
Listing date Nov 22, 2024
Source Moodyscre
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
HighLights
- Premium corner location
- Heavy foot traffic
- Located in the popular Kerns neighborhood
- Standalone building with 3,860 SF of space
- Area densely packed with restaurants, entertainment, and retail
Overview
Local Financial Insights For Retail
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 | $69.5k | $18.00 |
| − Vacancy | −$5.2k | −$1.35 |
| EGI | $64.3k | $16.65 |
| − OpEx | −$19.3k | −$5.00 |
| NOI | $45.0k | $11.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.636
- Latitude
- 45.5262
