12208 SE MARKET Portland, OR 97233
12208 SE MARKET, Portland, OR, 97233
$1,600,000
For Sale
$1,600,000
Grocery and convenience stores
Property Size4,242 SF
Lot Size0.38 Acres
Price / SF$377.18
Days on Market140
Property Features for 12208 SE MARKET
General Information
- Standard status
- Active
- Size
- 4,242 SF
- Lot size
- 0.38 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1951
Listing Agency
OREGON FIRST
(503) 667-5686
Listed by
AMY LIU · License #201239122
Source
Corcoran
Added: Mar 2 Updated: Jul 10 at 3:46 pm Checked: Jul 20 at 3:52 am
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 OREGON FIRST
Investment Insights
Based on property information with market context.
Key Highlights
- Prime signalized corner location with high visibility and traffic.
- CG‑zoned lot with two buildings totaling 4,242 SF, offering investment potential.
- Building 1 features recent upgrades including new roof, furnaces, A/C units, interior paint, bathrooms, water lines, and iron fencing.
Local Financial Insights For Specialty Retail
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 | $81.4k | $19.20 |
| − Vacancy | −$5.3k | −$1.25 |
| EGI | $76.2k | $17.95 |
| − OpEx | −$19.0k | −$4.49 |
| NOI | $57.1k | $13.46 |
4,242 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$815.9K
$713.9K – $951.9K
NOI $57,114 @ 7.0% cap · market cap 3.57%
Second Best
Retail
$706.3K
$618.0K – $824.0K
NOI $49,441 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,388 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dynamic Distribution Center
Distribution Center
Barbara Mc Ginness ...
Insurance Agency
Similar For Sale Nearby
Similar Off Market Nearby
- Grocery Outlet — 12102 SE Division St, Portland, OR 97266
- Roman Russian Food Store — 10918 SE Division St, Portland, OR 97266
- Mercado Las Palomas — 13046 SE Stark St, Portland, OR 97233
FAQs
Where is this grocery and convenience store located?
The property is located at 12208 SE MARKET Portland, OR.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Prime signalized corner location with high visibility and traffic.; CG‑zoned lot with two buildings totaling 4,242 SF, offering investment potential.; Building 1 features recent upgrades including new roof, furnaces, A/C units, interior paint, bathrooms, water lines, and iron fencing.
