Office and Apartment Investment
1225 NW Murray Rd Portland, OR 97229
For Sale
$6,750,000
22,000SF+ commercial office building plus 12 fully occupied apartment units offered together for sale.
Property Size22,000 SF
Price / SF$306.82
Days on Market81
Property Features for 1225 NW Murray Rd
General Information
- Standard status
- Active
- Size
- 22,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency:
Where, Inc.
(503) 789-1033
Listed By:
Suzann Baricevic Murphy · License #860700098
(503) 789-1033
Source:
Allprofessionalsre
Added: May 7
Changed: Jul 22
Last Checked: Jul 25 at 3:52PM
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 Where, Inc.
Investment Insights
Based on property information with market context.
The property at 1225 NW Murray Rd, Portland, OR 97229 includes a 22,000SF+ commercial office building and a 12-unit apartment building. Public remarks indicate the buildings are in solid condition, and the apartments are fully occupied.
The office building and residential units are both located on the same site in an excellent SW Washington County location. The seller notes this as an investor opportunity and requests that tenants not be disturbed.
Offers are stated to be subject to interior inspection, which may be important for evaluating the apartments and office space prior to finalizing terms.
The office building and residential units are both located on the same site in an excellent SW Washington County location. The seller notes this as an investor opportunity and requests that tenants not be disturbed.
Offers are stated to be subject to interior inspection, which may be important for evaluating the apartments and office space prior to finalizing terms.
Key Highlights
- 22,000 SF+ commercial office building
- 12‑unit apartment building included
- Apartments are fully occupied
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 | $594.0k | $27.00 |
| − Vacancy | −$154.4k | −$7.02 |
| EGI | $439.6k | $19.98 |
| − OpEx | −$109.9k | −$5.00 |
| NOI | $329.7k | $14.99 |
22,000 SF · lease $27.00/SF/yr · vacancy 26.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.71M
$4.12M – $5.49M
NOI $329,670 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$4.25M
$3.72M – $4.96M
NOI $297,754 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$5.94M
$5.20M – $6.93M
NOI $415,684 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Westside Home Mortgage
Loan Service
Angelic Healing Hands
Alternative Medicine Practice
Marshall Rosario - More ...
Real Estate Agency
Comfort Keepers of Portland, OR
Home Health Care Service
US Technologies
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office building - 22,000SF+ commercial office building plus 12 fully occupied apartment units offered together for sale.
Where is this office building located?
The property is located at 1225 NW Murray Rd Portland, OR.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 22,000 SF+ commercial office building; 12‑unit apartment building included; Apartments are fully occupied
