Functional Industrial Site with Multiple
For Sale
$1,950,000
1105 SE Woodward St, Portland, OR 97202
Close-in industrial site featuring three buildings, totaling approximately 17,576 square feet.
Property Size9,877 SF
Price / SF$197.43
Days on Market198
Property Features for 1105 SE Woodward St
General Information
Standard status
Active
Size
9,877 SF
Property subtype
Industrial
Building Details
Building Size
9,877 SF
Year Built
1941
Listing Agency:
Capacity Commercial Group
(503) 781-4008
Listed By:
Don Ossey, SIOR · License #201233429
(503) 781-4008
Source:
Corfac
Added: Jan 26
Changed: Aug 9
Last Checked: Aug 11 at 5:33AM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This industrial site, located near the east end of the Ross Island Bridge, offers approximately 17,576 square feet of space across three buildings and is available now. The property provides convenient access to Highway 99 and I-5 via SE Powell Boulevard, and is located minutes from Downtown Portland. The site features entrances on both Woodward Street and Milwaukie Avenue. The property, which includes multiple tax lots, presents a rare opportunity for ownership in a central location. It is ready for immediate occupancy and offers the flexibility to create multiple tenant spaces. The buildings can be purchased together or individually. Building 1, located at 1105 SE Woodward St, features 10,080 square feet of space, including 672 square feet of office and breakroom space, a clear height of 12-14 feet, and two grade-level doors (12x14’ and 12x12’). Its column spacing is 27' x 25'. Building 2, located at 2847 SE Milwaukie Ave, offers 2,492 square feet of space with a second-story office, a 20-foot clear span, and one grade-level door (10x14’). It also includes 4 covered parking spaces. Building 3, also located at 2847 SE Milwaukie Ave, provides 5,004 square feet of space with 1,225 square feet of office space, a 15-foot clear height, and one grade-level door (10x14’). It also features a barrel roof and a mezzanine above the office. The property has undergone seismic and structural upgrades and features fluorescent lighting, skylights, and windows for natural light. There are multiple office pods and 4 covered, off-street parking spaces. Nearby highlights include Artist & Craftsman Supply, Dutch Bros Coffee, Burgerville, McDonalds, and New Seasons Market.
Key Highlights
- Rare opportunity to own a functional, close‑in industrial site with multiple tax lots.
- Total of ± 17,576 SF available across 3 buildings, offering flexibility for single user or multiple tenants.
- Central location near the Ross Island Bridge and minutes from Downtown Portland with easy access to Hwy 99 and I‑5.
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
$100,079
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
5.13%
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%
$2,001,580
$2.0M
Cap Rate 7%
$1,429,700
$1.4M
Cap Rate 9%
$1,111,989
$1.1M
Market Conditions
NOI Build-Up for 9,877 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
$148.2K $15.00/SF
− Vacancy
−$5.2K −$0.53/SF
EGI
$143.0K $14.48/SF
− OpEx
−$42.9K −$4.34/SF
NOI
$100.1K $10.13/SF
Area
ZIP 97202
Vacancy
3.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,001,580
Cap Rate 7%
$1,429,700
Cap Rate 9%
$1,111,989
Alternative Uses
Best Use
Industrial
$1.43M
$1.25M – $1.67M
NOI $100,079 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $164,946 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,067
Businesses Nearby
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Close-in industrial site featuring three buildings, totaling approximately 17,576 square feet.
Where is this industrial property located?
The property is located at 1105 SE Woodward St Portland, OR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Rare opportunity to own a functional, close‑in industrial site with multiple tax lots.; Total of ± 17,576 SF available across 3 buildings, offering flexibility for single user or multiple tenants.; Central location near the Ross Island Bridge and minutes from Downtown Portland with easy access to Hwy 99 and I‑5.
