Portland Office/Industrial Space For
For Sale
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1915 SE Pershing St, Portland, OR
Office/Industrial space in Brooklyn neighborhood, ideal for small business.
Property Size1,203 SF
Lot Size0.11 Acres
Price / SF$415.63
Days on Market804
Property Features for 1915 SE Pershing St
General Information
Standard status
Active
Size
1,203 SF
Lot size
0.11 Acres
Property subtype
OFFICE
Listing Agency:
Capacity Commercial Group
(503) 542-2897
Listed By:
Laura Gentry, CPM
(503) 542-2897
Source:
Moodyscre
Added: May 21, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:54AM
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.
Located in the Brooklyn neighborhood of Portland, this property offers 1,203 square feet of available space on a 5,000-square-foot lot. The layout includes four offices and two restrooms. Zoned General Industrial (IG1), the property is suitable for office or industrial use. It is available immediately and could be ideal for a physical therapist, naturopath, or small business. Nearby parks include Powell City Park, Brooklyn School Park, and Brooklyn City Park. The location is an eight-minute walk from the MAX Orange Line at the SE 17th Ave & Rhine St MAX Station stop and provides convenient access to Hwy 99 and I-5 via SE Powell Blvd.
Key Highlights
- Convenient Location: Easy access to MAX Orange Line, Hwy 99, and I‑5.
- Versatile Use: Suitable for office or industrial purposes. Ideal for physical therapists, naturopaths, or small businesses.
- Immediate Availability: Property is available for immediate occupancy.
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 | $27.4k | $22.80 |
| − Vacancy | −$6.7k | −$5.54 |
| EGI | $20.8k | $17.26 |
| − OpEx | −$5.2k | −$4.31 |
| NOI | $15.6k | $12.94 |
1,203 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$222.5K
$194.7K – $259.5K
NOI $15,572 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.8K
$295.6K – $394.1K
NOI $23,648 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,944
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office/Industrial space in Brooklyn neighborhood, ideal for small business.
Where is this office units located?
The property is located at 1915 SE Pershing St Portland, OR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Convenient Location: Easy access to MAX Orange Line, Hwy 99, and I‑5.; Versatile Use: Suitable for office or industrial purposes. Ideal for physical therapists, naturopaths, or small businesses.; Immediate Availability: Property is available for immediate occupancy.
