Portland Warehouse with Office
8900 NE Lombard Portland, OR 97220
For Sale
$3,825,000
23,777 SF Portland commercial property with warehouse and office.
Property Size23,777 SF
Lot Size0.95 Acres
Price / SF$160.87
Days on Market851
Property Features for 8900 NE Lombard
General Information
- Standard status
- Active
- Size
- 23,777 SF
- Lot size
- 0.95 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1958
Listing Agency:
JOHN L. SCOTT /PTL METRO
(503) 665-0111
Listed By:
KENNETH CAHILL · License #930400123
Source:
Corcoran
Added: Mar 27, 2024
Changed: Jul 10
Last Checked: Jul 25 at 7:25AM
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 /PTL METRO
Investment Insights
Based on property information with market context.
Located in NE Portland at the intersection of NE Lombard and 89th Ave, this commercial property offers convenient access to major freeways and Portland International Airport. The property includes a 21,805 SF warehouse, a 1,972 SF office space, and 1,502 SF of outside storage. The warehouse provides substantial operational space, while the office area is suitable for administrative functions. The secured outdoor storage area accommodates equipment or materials. This property is suitable for industrial, logistics, or distribution purposes.
Key Highlights
- Prime location at the high‑visibility intersection of NE Lombard and 89th Ave.
- Direct access to all major freeways and Portland International Airport.
- 21,805 SF warehouse space.
Financial Insights For Warehouse
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 | $228.3k | $9.60 |
| − Vacancy | −$15.1k | −$0.63 |
| EGI | $213.2k | $8.97 |
| − OpEx | −$32.0k | −$1.34 |
| NOI | $181.2k | $7.62 |
23,777 SF · lease $9.60/SF/yr · vacancy 6.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.59M
$2.27M – $3.02M
NOI $181,215 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.68M
$5.84M – $7.79M
NOI $467,402 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Self Storage — 8195 n lombard st, portland, or 97203
- Northwest Self Storage — 8190 N Lombard St, Portland, OR 97203
- Stasher Luggage Storage — 7319 N John Ave, Portland, OR 97203
- Key Storage — 6908 N Roberts Ave, Portland, OR 97203
FAQs
What type of property is this?
Warehouse - 23,777 SF Portland commercial property with warehouse and office.
Where is this warehouse located?
The property is located at 8900 NE Lombard Portland, OR.
What is the asking price?
The asking price for this property is $3,825,000.
What are key features of this property?
This property features: Prime location at the high‑visibility intersection of NE Lombard and 89th Ave.; Direct access to all major freeways and Portland International Airport.; **21,805 SF warehouse space.**
