Industrial Contractor Flex
For Sale
$1,150,000
12005 N Lombard St, Portland, OR 97203
Contractor-ready industrial site with a secured, fenced perimeter and paved yard for equipment storage and staging.
Property Size6,798 SF
Lot Size0.63 Acres
Price / SF$169.17
Days on Market162
Property Features for 12005 N Lombard St
General Information
Standard status
Active
Size
6,798 SF
Lot size
0.63 Acres
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
Fully secured and fenced perimeter
Paved yard area
Exterior lighting
Building Details
Building Size
6,798 SF
Year Built
1960
Listed By:
Daniel Helm, SIOR
(503) 789-5750
Source:
Capacitycommercial
Added: Mar 31
Changed: Sep 4
Last Checked: Sep 7 at 7:27AM
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 Daniel Helm, SIOR
Investment Insights
Based on property information with market context.
This industrial contractor site offers a functional layout designed for equipment storage, fleet parking, and material staging. The property is fully secured with a fenced perimeter and includes a paved yard area, along with exterior lighting to support operations after hours.
The asset is listed as available in Rivergate and is offered for sale. Based on the information provided, it supports outside operations through the yard and staging configuration.
The improvements and site features emphasize practical industrial use, including exterior storage and vehicle parking within a controlled, fenced setting.
The asset is listed as available in Rivergate and is offered for sale. Based on the information provided, it supports outside operations through the yard and staging configuration.
The improvements and site features emphasize practical industrial use, including exterior storage and vehicle parking within a controlled, fenced setting.
Key Highlights
- Industrial contractor site available in Rivergate with 6,798 SF and 0.63 AC
- Fully secured and fenced perimeter for added site security
- Paved yard area for equipment storage, fleet parking, and material staging
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,038
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,380,760
$1.4M
Cap Rate 7%
$986,257
$986.3K
Cap Rate 9%
$767,089
$767.1K
Market Conditions
NOI Build-Up for 6,798 SF
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.
Gross rent
$114.2K $16.80/SF
− Vacancy
−$8.0K −$1.18/SF
EGI
$106.2K $15.62/SF
− OpEx
−$37.2K −$5.47/SF
NOI
$69.0K $10.16/SF
Area
Portland, OR
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,380,760
Cap Rate 7%
$986,257
Cap Rate 9%
$767,089
Alternative Uses
Best Use
Flex RnD
$986.3K
$863.0K – $1.15M
NOI $69,038 @ 7.0% cap · market cap 6.00%
Second Best
Industrial
$609.5K
$533.4K – $711.1K
NOI $42,668 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,633 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Contractor-ready industrial site with a secured, fenced perimeter and paved yard for equipment storage and staging.
Where is this flex space located?
The property is located at 12005 N Lombard St Portland, OR.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Industrial contractor site available in Rivergate with 6,798 SF and 0.63 AC; Fully secured and fenced perimeter for added site security; Paved yard area for equipment storage, fleet parking, and material staging
