Live-Work Office
12135 Southeast Lincoln Street Portland, OR 97216
12135 Southeast Lincoln Street, Portland, OR, 97216
Contact for pricing
For Sale
Contact for pricing
Two-building setup with ADA-accessible office suites and a corner-lot bungalow suited for live-work or creative use.
Property Size6,659 SF
Price / SF$150.02
Days on Market56
Property Features for 12135 Southeast Lincoln Street
General Information
- Standard status
- Active
- Size
- 6,659 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1977
Listing agency
Commercial Real Estate NW
(503) 309-5106
Listed by
Marissa Lee · License #201221687
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:50PM Checked: Jul 21 at 1:51PM
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 Commercial Real Estate NW
Investment Insights
Based on property information with market context.
This two-building offering is designed for flexible owner-user use with immediate occupancy. 12135 SE Lincoln St features two office suites, each with private offices, ADA accessibility, and marquee signage. The remodeled lower suite is available now for an owner-user, while the second suite provides existing income and may be re-leased.
A separate asset at 2057 SE 122nd Ave is a corner lot Craftsman bungalow. The property is described as having strong visibility and signage, supporting live/work or creative office potential.
For tenants and owner-users, the combination of ADA-accessible office space and a distinctive bungalow format creates options for operational flexibility, whether you need conventional office configuration or a more character-driven live-work or creative workspace. The suite-level arrangement also allows you to consider occupying the available remodeled space while evaluating the continuing tenancy strategy for the other suite.
A separate asset at 2057 SE 122nd Ave is a corner lot Craftsman bungalow. The property is described as having strong visibility and signage, supporting live/work or creative office potential.
For tenants and owner-users, the combination of ADA-accessible office space and a distinctive bungalow format creates options for operational flexibility, whether you need conventional office configuration or a more character-driven live-work or creative workspace. The suite-level arrangement also allows you to consider occupying the available remodeled space while evaluating the continuing tenancy strategy for the other suite.
Key Highlights
- Two‑building offering with immediate occupancy, including an ADA‑accessible office building at 12135 SE Lincoln St.
- 12135 SE Lincoln St includes two office suites with private offices and marquee signage.
- Remodeled lower suite at 12135 SE Lincoln St is available now for an owner‑user.
Local 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 | $159.8k | $24.00 |
| − Vacancy | −$16.0k | −$2.40 |
| EGI | $143.8k | $21.60 |
| − OpEx | −$53.9k | −$8.10 |
| NOI | $89.9k | $13.50 |
6,659 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.28M
$1.12M – $1.50M
NOI $89,897 @ 7.0% cap · market cap 9.00%
Second Best
Office B
$1.23M
$1.08M – $1.44M
NOI $86,199 @ 7.0% cap · market cap 8.63%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $130,901 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Compassion Connect
Charitable Organization
Mountain View Counseling
Counselor
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FAQs
What type of property is this?
Live-work space - Two-building setup with ADA-accessible office suites and a corner-lot bungalow suited for live-work or creative use.
Where is this live-work space located?
The property is located at 12135 Southeast Lincoln Street Portland, OR.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑building offering with immediate occupancy, including an ADA‑accessible office building at 12135 SE Lincoln St.; 12135 SE Lincoln St includes two office suites with private offices and marquee signage.; Remodeled lower suite at 12135 SE Lincoln St is available now for an owner‑user.
