Industrial Property with Office
1240 Southeast Gideon Street, Portland, OR 97202
Portland industrial property featuring warehouse and office space with parking.
Type:Industrial
Property size:
8,061 SFPrice / SF:
$215/SF- Added:
- Mar 25, 2026
- Days on Market:
- 58
- Last Refresh:
- Mar 18 at 9:17 am
Property Features for 1240 Southeast Gideon Street
General Information
- Standard status
- Active
- Size
- 8,061 SF
- Property subtype
- Industrial
Listing agent Graham Taylor License #01429996
Listing office CBRE - Portland (503) 200-9216
Listing date Mar 25, 2026
Source Cbre
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
HighLights
- Strategically located in Portland’s Inner Southeast corridor with exceptional connectivity and access to key transportation routes.
- Includes both office space (637 SF) and a warehouse (7,164 SF).
- Flexible Zoning.
- Warehouse features two roll‑up doors and a one‑car garage.
- Secure Parking.
- Located in Portland’s SE Close‑In submarket within the Central City (CC) Plan District.
Overview
The property at 1240 SE Gideon St is an industrial property that includes office space and on-site parking. Located in Portland’s SE Close-In submarket, the property contains one 637 SF office building and one 7,164 SF warehouse. The warehouse building features two roll-up doors and a one-car garage. The construction is modern and suited for a range of commercial uses. The property is strategically located in Portland’s Inner Southeast corridor, offering connectivity and access to key transportation routes. Situated within the Central City (CC) Plan District, the property benefits from proximity to Portland’s urban core and key amenities.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.24M
NOI $111,827 @ 9.00% cap · cautious / downside scenario
Moderate
$1.60M
NOI $111,827 @ 7.00% cap · market / base-case scenario
Aggressive
$2.24M
NOI $111,827 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $203.1k | $25.20 |
| − Vacancy | −$54.0k | −$6.70 |
| EGI | $149.1k | $18.50 |
| − OpEx | −$37.3k | −$4.62 |
| NOI | $111.8k | $13.87 |
8,061 SF · lease $25.20/SF/yr · vacancy 26.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.60M
$1.40M – $1.86M
NOI $111,827 @ 7.0% cap · market cap 6.43%
Second Best
Flex RnD
$1.54M
$1.34M – $1.79M
NOI $107,518 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,618 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Packard's of Oregon
Nightclub
Similar Places Nearby
- Accent Party Planning — Portland, OR 97214
- ABI Culinary Kreations — 4212 SE 15th Ave, Portland, OR 97202
- Ingallina's Box Lunch — 2833 SE 15th Ave, Portland, OR 97202
- ChefStable Catering — 2136 SE 8th Ave, Portland, OR 97214, United States
- Trailhead Coffee Roasters — 350 SE Mill St, Portland, OR 97214
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6531833
- Latitude
- 45.5022075
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Portland industrial property featuring warehouse and office space with parking.
Where is this flex space located?
The property is located at 1240 Southeast Gideon Street Portland, OR.
What is the asking price?
The asking price for this property is $1,740,000.
What are key features of this property?
This property features: Strategically located in Portland’s Inner Southeast corridor with exceptional connectivity and access to key transportation routes.; Includes both office space (637 SF) and a warehouse (7,164 SF).; Flexible Zoning.
