Building Details

Year Built 1976

Buildings 1

Listing Agency: Liberty First Realty, LLC

Listed By: James White · License #200702330 Show Phone

Source: Thesanchezteamoregon

Added: Aug 25 Changed: Oct 8 Last Checked: Oct 7 at 4:46PM

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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 Liberty First Realty, LLC

Investment Insights

Based on property information with market context.

Located at 12290 SW Main St in Portland, Oregon, this 3,000-SF office building was constructed in 1976 and offers adaptable commercial space. Updated interior finishes support office, professional-service, and retail-oriented uses, subject to verification of permitted use.

The property benefits from Main Street exposure and includes monument signage along with building signage for business identification. A transferable TriMet parking lease provides up to 14 parking spaces. The layout may suit an owner-user seeking a branded workplace, with potential to lease a smaller portion for supplemental income.

Key Highlights

• 3,000‑SF office building constructed in 1976
• Updated interior finishes for adaptable commercial occupancy
• Main Street exposure with monument and building signage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,834

Cap Rate

3.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$776,680 $776.7K

Cap Rate 7%

$554,771 $554.8K

Cap Rate 9%

$431,489 $431.5K

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$68.4K $22.80/SF

− Vacancy

−$16.6K −$5.54/SF

EGI

$51.8K $17.26/SF

− OpEx

−$12.9K −$4.31/SF

NOI

$38.8K $12.94/SF

Area

ZIP 97223

Vacancy

24.30%

Lease Rate

$22.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$776,680

Cap Rate 7%

$554,771

Cap Rate 9%

$431,489

Alternative Uses

Best Use

Office B

$554.8K

$485.4K – $647.2K (±1% cap)

NOI $38,834 @ 7.0% cap · market cap 3.88%

Second Best

Retail

$499.5K

$437.1K – $582.8K (±1% cap)

NOI $34,965 @ 7.0% cap · market cap 3.50%

Theoretical Best

Office A

$842.5K

$737.2K – $982.9K (±1% cap)

NOI $58,973 @ 7.0% cap · market cap 5.90%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Terry Tarrant Dental Office Future State Consulting (Bike/Boat/Book/etc) Store Antique Barbershop Barber Shop Orgone Pyramid Energy Supplier

Suggested Use

Top Pick Law Firm Electrical Service Parking Lot & Garage Barber Shop Cosmetic Store Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

857

Businesses Nearby

Explore this area Business Placement

Demographics for 97223, OR

49,967

Population

21,428

Households

2.3

Avg Household Size

39

Median Age

50%

College-Educated

95%

High-School Grad

11.1 sq mi

ZIP Area

4,502

Density / Sq Mi

$108,040

Median Household Income

$57,411

Median Earnings

$1,726

Median Rent

$577,600

Median Home Value

Market

Vacancy Rate% for Office in Portland, OR

10.1% 2019

12.3% 2020

16.1% 2021

18.5% 2022

20.8% 2023

21.7% 2024

24.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Updated finishes support flexible office and professional-service occupancy, with retail use potential subject to permitted-use verification.

Where is this office building located?

The property is located at 12290 SW Main St Portland, OR.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: 3,000‑SF office building constructed in 1976; Updated interior finishes for adaptable commercial occupancy; Main Street exposure with monument and building signage