Heavy Industrial Manufacturing
For Sale
Contact for pricing
1211 N Loring Street, Portland, OR 97227
Manufacturing facility with Heavy Industrial zoning and access to Portland’s major transportation routes.
Property Size21,650 SF
Price / SF$184.53
Days on Market149
Property Features for 1211 N Loring Street
General Information
Standard status
Active
Size
21,650 SF
Property subtype
Industrial
Zoning
Heavy Industrial (IH)
Additional Details
Highway Access
Yes
Building Details
Year Built
1956
Year Renovated
2017
Buildings
1
Stories
2
Listing Agency:
Ethos Commercial Advisors LLC Portland
Listed By:
Josh Bean · License #200109039
(503) 205-0610
Source:
Crexi
Added: Apr 10
Changed: Sep 2
Last Checked: Aug 31 at 2:36PM
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 Ethos Commercial Advisors LLC Portland
Investment Insights
Based on property information with market context.
This 21,650-square-foot manufacturing property was built in 1956 and carries Heavy Industrial (IH) zoning. The site is also within an Enterprise Zone, supporting an industrial setting for manufacturing, warehousing, freight movement, wholesale sales, and related industrial services.
The property is positioned in Portland’s close-in Northeast industrial submarket, near downtown, the Albina MAX station, and major regional routes including I-5, I-84, and I-405. Its location provides connections across the Portland metro area for industrial operations and distribution.
The property is positioned in Portland’s close-in Northeast industrial submarket, near downtown, the Albina MAX station, and major regional routes including I-5, I-84, and I-405. Its location provides connections across the Portland metro area for industrial operations and distribution.
Key Highlights
- 21,650‑square‑foot manufacturing property
- Heavy Industrial (IH) zoning
- Located within an Enterprise Zone
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
$165,004
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
4.13%
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%
$3,300,080
$3.3M
Cap Rate 7%
$2,357,200
$2.4M
Cap Rate 9%
$1,833,378
$1.8M
Market Conditions
NOI Build-Up for 21,650 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
$207.8K $9.60/SF
− Vacancy
−$13.7K −$0.63/SF
EGI
$194.1K $8.97/SF
− OpEx
−$29.1K −$1.34/SF
NOI
$165.0K $7.62/SF
Area
Portland, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$3,300,080
Cap Rate 7%
$2,357,200
Cap Rate 9%
$1,833,378
Alternative Uses
Best Use
Warehouse
$2.36M
$2.06M – $2.75M
NOI $165,004 @ 7.0% cap · market cap 4.13%
Second Best
Industrial
$1.94M
$1.70M – $2.26M
NOI $135,886 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$6.08M
$5.32M – $7.09M
NOI $425,590 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 97227, OR
6,058
Population
3,835
Households
1.6
Avg Household Size
35
Median Age
60%
College-Educated
93%
High-School Grad
1.4 sq mi
ZIP Area
4,327
Density / Sq Mi
$79,161
Median Household Income
$56,098
Median Earnings
$1,609
Median Rent
$595,900
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?
Manufacturing property - Manufacturing facility with Heavy Industrial zoning and access to Portland’s major transportation routes.
Where is this manufacturing property located?
The property is located at 1211 N Loring Street Portland, OR.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 21,650‑square‑foot manufacturing property; Heavy Industrial (IH) zoning; Located within an Enterprise Zone
