Mixed-Use Property with Warehouse
1200 1218 N KILLINGSWORTH Portland, OR 97217
For Sale
$899,000
Commercial property featuring storefronts, restaurant, and warehouse space.
Property Size5,982 SF
Price / SF$150.28
Days on Market74
Property Features for 1200 1218 N KILLINGSWORTH
General Information
- Standard status
- Active
- Size
- 5,982 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1927
Listing Agency:
JOHN L. SCOTT REAL ESTATE GRANTS PASS
(541) 476-1299
Listed By:
PATRICIA CURTIN · License #200808002
Source:
Corcoran
Added: May 15
Changed: Jul 10
Last Checked: Jul 27 at 6:06AM
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 JOHN L. SCOTT REAL ESTATE GRANTS PASS
Investment Insights
Based on property information with market context.
This commercial property offers a versatile space with six storefront units, including a restaurant. The property also features a large warehouse space. It is zoned CM3 (Commercial/Mixed Use 3), which allows for a wide range and mix of commercial and residential uses. The zoning generally allows for up to six stories. The property size is 5,982 square feet.
Key Highlights
- Six storefront units, including a restaurant, providing immediate rental income potential.
- CM3 (Commercial/Mixed Use 3) zoning allows for a wide range of commercial and residential uses.
- Large warehouse space offers flexibility for storage, distribution, or conversion.
Financial Insights For Mixed Use
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 | $143.6k | $24.00 |
| − Vacancy | −$14.4k | −$2.40 |
| EGI | $129.2k | $21.60 |
| − OpEx | −$48.5k | −$8.10 |
| NOI | $80.8k | $13.50 |
5,982 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.15M
$1.01M – $1.35M
NOI $80,757 @ 7.0% cap · market cap 8.98%
Second Best
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,542 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,593 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Commercial property featuring storefronts, restaurant, and warehouse space.
Where is this mixed-use property located?
The property is located at 1200 1218 N KILLINGSWORTH Portland, OR.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Six storefront units, including a restaurant, providing immediate rental income potential.; CM3 (Commercial/Mixed Use 3) zoning allows for a wide range of commercial and residential uses.; Large warehouse space offers flexibility for storage, distribution, or conversion.
