Mixed-Use Retail and Residential
For Sale
Contact for pricing
1221 SW 10th Ave, Portland, OR 97205
Mixed-use building with retail and residential spaces anchored by triple-net leases to Portland Art Museum and Canoe.
Property Size4,789 SF
Price / SF$229.48
Days on Market361
Property Features for 1221 SW 10th Ave
General Information
Standard status
Active
Size
4,789 SF
Property subtype
RETAIL
Listing Agency:
CBRE | Portland
(503) 221-4850
Listed By:
Megan Wallachy
(503) 221-4850
Source:
Moodyscre
Added: Aug 7, 2025
Changed: Jul 29
Last Checked: Aug 1 at 11:45AM
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 CBRE | Portland
Investment Insights
Based on property information with market context.
This mixed-use building includes retail and residential spaces and is positioned to support ongoing rental income. Triple-net leases are in place with Portland Art Museum and Canoe, with reimbursement of building expenses such as taxes, insurance, and maintenance.
The property is located at 1221 SW 10th Ave in Portland, OR, and is situated adjacent to Safeway, with additional retail activity nearby.
As a for-sale asset, it combines the day-to-day stability of the existing NNN tenants with an on-site mix of retail and residential uses.
The property is located at 1221 SW 10th Ave in Portland, OR, and is situated adjacent to Safeway, with additional retail activity nearby.
As a for-sale asset, it combines the day-to-day stability of the existing NNN tenants with an on-site mix of retail and residential uses.
Key Highlights
- Mixed‑use building with retail and residential spaces
- Triple‑net leases with Portland Art Museum and Canoe, with tenants reimbursing building expenses such as taxes, insurance, and maintenance
- Anchored by Portland Art Museum for reliable, stable income
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 | $114.9k | $24.00 |
| − Vacancy | −$11.5k | −$2.40 |
| EGI | $103.4k | $21.60 |
| − OpEx | −$38.8k | −$8.10 |
| NOI | $64.7k | $13.50 |
4,789 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$923.6K
$808.2K – $1.08M
NOI $64,652 @ 7.0% cap · market cap 5.88%
Second Best
Retail
$797.4K
$697.7K – $930.3K
NOI $55,816 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,141 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,362
Businesses Nearby
Explore this area
Business Placement
Demographics for 97205, OR
8,593
Population
6,727
Households
1.3
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
9,548
Density / Sq Mi
$58,943
Median Household Income
$51,002
Median Earnings
$1,381
Median Rent
$693,600
Median Home Value
Market
Properties on Market for Mixed-use properties in Portland
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with retail and residential spaces anchored by triple-net leases to Portland Art Museum and Canoe.
Where is this mixed-use property located?
The property is located at 1221 SW 10th Ave Portland, OR.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Mixed‑use building with retail and residential spaces; Triple‑net leases with Portland Art Museum and Canoe, with tenants reimbursing building expenses such as taxes, insurance, and maintenance; Anchored by Portland Art Museum for reliable, stable income
