Six-Unit Mixed-Use
For Sale
$799,000
1218 N Killingsworth St, Portland, OR 97217
CM3 zoning supports a combination of commercial and residential uses.
Property Size5,982 SF
Price / SF$133.57
Days on Market52
Property Features for 1218 N Killingsworth St
General Information
Standard status
Active
Size
5,982 SF
Zoning
CM3
Building Details
Year Built
1927
Tenancy
Multi
Listing Agency:
John L. Scott Real Estate Grants Pass
Listed By:
Patricia Curtin · License #200808002
(541) 292-0433
Source:
Rosecityrealtygroup
Added: Aug 24
Changed: Oct 11
Last Checked: Oct 7 at 2:02PM
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 5,982-square-foot mixed-use property contains six storefront units, with a restaurant among the existing spaces. A substantial warehouse area adds additional commercial floor area within the building. Constructed in 1927, the property is zoned CM3, a designation that accommodates a broad combination of commercial and residential uses.
The property is located at 1218 N Killingsworth St in Portland, Oregon 97217. Its storefront configuration and warehouse component provide multiple existing spaces within one commercial property, while the zoning supports a mix of use types.
The property is located at 1218 N Killingsworth St in Portland, Oregon 97217. Its storefront configuration and warehouse component provide multiple existing spaces within one commercial property, while the zoning supports a mix of use types.
Key Highlights
- Six storefront units, including a restaurant
- Large warehouse area included within the property
- 5,982 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,720
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,394,400
$1.4M
Cap Rate 7%
$996,000
$996.0K
Cap Rate 9%
$774,667
$774.7K
Market Conditions
NOI Build-Up for 5,982 SF
Gross rent
$107.7K $18.00/SF
− Vacancy
−$8.1K −$1.35/SF
EGI
$99.6K $16.65/SF
− OpEx
−$29.9K −$5.00/SF
NOI
$69.7K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,394,400
Cap Rate 7%
$996,000
Cap Rate 9%
$774,667
Alternative Uses
Best Use
Mixed Use
$1.15M
$1.01M – $1.35M
NOI $80,757 @ 7.0% cap · market cap 10.11%
Second Best
Retail
$996.0K
$871.5K – $1.16M
NOI $69,720 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,593 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Portland, OR
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CM3 zoning supports a combination of commercial and residential uses.
Where is this mixed-use property located?
The property is located at 1218 N Killingsworth St Portland, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Six storefront units, including a restaurant; Large warehouse area included within the property; 5,982 square feet of property size
