Portland Warehouse Near Highway
7736 NE Sandy Blvd, Portland, OR
Call to check price and availability
4,938 SF warehouse with convenient highway access.
Type:FLEX_R_AND_D
Property size:
4,938 SFLot size:
0.16 AcresPrice / SF:
$120/SF- Added:
- Oct 25, 2024
- Days on Market:
- 575
- Last Refresh:
- Apr 5 at 10:30 pm
Property Features for 7736 NE Sandy Blvd
General Information
- Standard status
- Active
- Size
- 4,938 SF
- Lot size
- 0.16 Acres
- Property subtype
- FLEX_R_AND_D
Listing agent John Medak (503) 221-4854
Listing office CBRE | Portland (503) 221-4854
Listing date Oct 25, 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 CBRE | Portland
HighLights
- Highly visible location off Sandy Boulevard with close proximity to Highway 84 and Interstate 205.
- Building size of approximately 4,938 SF on a 7,006 SF lot.
- Grade level roll up door access and a small parking area.
- Includes a restroom, hot water heater, and built‑out office space.
- Located on Block 12, consisting of lots 1, 2, and 3.
- 5‑ton gas pack heating unit in the warehouse and electrical heating in the office.
Overview
The property, located at 7736 NE Sandy Boulevard, Portland, OR 97213, features a 4,938 square foot warehouse situated on a 7,006 square foot lot. Its location offers high visibility and is in close proximity to Highway 84 and Interstate 205. The land parcel is identified in county records as Block 12, consisting of lots 1, 2, and 3. The lot area adjacent to the building provides grade-level roll-up door access and a small parking area. The building's structure is a combination of cinderblock and wood frame, with a built-up torch down roof that has an active leak and appears to be in fair condition. Heating is provided by a 5-ton gas pack heating unit in the warehouse area and some electrical heating in the office area. The building includes a restroom, hot water heater, and several rooms built out in the office. Metal columns support the roof structure within the open warehouse area, which limits modern use of the space, as does the ceiling height.
Financial Insights
Value Estimation Calculated for Flex RnD
Conservative
$557.2K
NOI $50,148 @ 9.00% cap · cautious / downside scenario
Moderate
$716.4K
NOI $50,148 @ 7.00% cap · market / base-case scenario
Aggressive
$1.00M
NOI $50,148 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Flex RnD
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.0k | $16.80 |
| − Vacancy | −$5.8k | −$1.18 |
| EGI | $77.2k | $15.62 |
| − OpEx | −$27.0k | −$5.47 |
| NOI | $50.1k | $10.16 |
4,938 SF · lease $16.80/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Use Scenarios
Best Use
Flex RnD
$716.4K
$626.9K – $835.8K
NOI $50,148 @ 7.0% cap · market cap 8.46%
Second Best
Warehouse
$537.6K
$470.4K – $627.3K
NOI $37,635 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,070 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Alexander's Mobility Services - Atlas Van Lines — 17948 NE Riverside Pkwy, Portland, OR 97230
- Focus global — 4630 NE 166th Ave, Portland, OR 97230
- Lineage — 17400 NE Sacramento St, Portland, OR 97230
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.583
- Latitude
- 45.5504
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - 4,938 SF warehouse with convenient highway access.
Where is this warehouse located?
The property is located at 7736 NE Sandy Blvd Portland, OR.
What is the asking price?
The asking price for this property is $592,560.
What are key features of this property?
This property features: Highly visible location off Sandy Boulevard with close proximity to Highway 84 and Interstate 205.; Building size of approximately 4,938 SF on a 7,006 SF lot.; Grade level roll up door access and a small parking area.
