Commercial Building on SE
4033 SE MILWAUKIE Portland, OR 97202
4033 SE MILWAUKIE, Portland, OR, 97202
$1,650,000
For Sale
$1,650,000
Commercial building with live/work potential, to be vacated.
Property Size8,620 SF
Lot Size0.20 Acres
Price / SF$191.42
Days on Market488
Property Features for 4033 SE MILWAUKIE
General Information
- Standard status
- Active
- Size
- 8,620 SF
- Lot size
- 0.20 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1956
Listing agency
WESTLAKE PROPERTIES
(503) 656-0323
Listed by
JOHN WELSH
Source
Corcoran
Added: Mar 21, 2025 Updated: Jul 6 at 9:59AM Checked: Jul 21 at 5:39AM
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 WESTLAKE PROPERTIES
Investment Insights
Based on property information with market context.
This commercial building features frontage along SE Milwaukie. The property offers an opportunity for owner occupancy with live/work potential. The building will be vacated at the time of closing. The property size is 8,620 square feet.
Key Highlights
- Great frontage along SE Milwaukie
- Opportunity for owner/occupied use
- Live/work potential
Local Financial Insights For Office B
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 | $217.2k | $25.20 |
| − Vacancy | −$57.8k | −$6.70 |
| EGI | $159.4k | $18.50 |
| − OpEx | −$39.9k | −$4.62 |
| NOI | $119.6k | $13.87 |
8,620 SF · lease $25.20/SF/yr · vacancy 26.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.71M
$1.49M – $1.99M
NOI $119,582 @ 7.0% cap · market cap 7.25%
Second Best
Mixed Use
$1.63M
$1.42M – $1.90M
NOI $113,784 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $143,954 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
First Church of David ...
Church
Heart of Gold
Cosmetic Store
Psanctum Thrift
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Commercial building with live/work potential, to be vacated.
Where is this mixed-use property located?
The property is located at 4033 SE MILWAUKIE Portland, OR.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Great frontage along SE Milwaukie; Opportunity for owner/occupied use; Live/work potential
