Building Details

Year Built 1955

Listing Agency: MOSAR COMMERCIAL PROPERTIES

Listed By: MIKE MOSAR Show Phone

Source: Wisser

Added: Mar 27 Changed: Oct 12 Last Checked: Oct 21 at 2:36AM

Report an Issue

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 MOSAR COMMERCIAL PROPERTIES

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This commercial property, comprising 2,298 square feet, is available for sale.

Key Highlights

• No property information was provided to determine selling points.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,747

Cap Rate

6.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$594,940 $594.9K

Cap Rate 7%

$424,957 $425.0K

Cap Rate 9%

$330,522 $330.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,298 SF

Gross rent

$52.4K $22.80/SF

− Vacancy

−$12.7K −$5.54/SF

EGI

$39.7K $17.26/SF

− OpEx

−$9.9K −$4.31/SF

NOI

$29.7K $12.94/SF

Area

Portland, OR

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%

$594,940

Cap Rate 7%

$424,957

Cap Rate 9%

$330,522

Alternative Uses

Best Use

Office B

$425.0K

$371.8K – $495.8K (±1% cap)

NOI $29,747 @ 7.0% cap · market cap 6.07%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$645.3K

$564.7K – $752.9K (±1% cap)

NOI $45,173 @ 7.0% cap · market cap 9.22%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Veterans of Foreign Wars Advocacy Group

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Gym & Fitness Center Plumbing Service Barber Shop

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

771

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 97230, OR

41,562

Population

17,190

Households

2.4

Avg Household Size

39

Median Age

28%

College-Educated

90%

High-School Grad

13.9 sq mi

ZIP Area

2,990

Density / Sq Mi

$70,582

Median Household Income

$41,102

Median Earnings

$1,511

Median Rent

$435,800

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

Similar For Sale Nearby

See more

Storefront Building with Work Areas

4916 NE 100TH Ave, Portland, OR 97220

$470,000

2,304 SF

View details

Mixed-Use Building with Restaurant Space

2809 NE BROADWAY, Portland, OR 97232

$480,995

2,240 SF

View details

Historic Multi-Level Office Building

317 Northeast Sacramento Street, Portland, OR 97212

$445,000

2,256 SF

View details

Office Property with Full Basement

1516 SE 43RD, Portland, OR 97215

$529,900

2,224 SF

View details

Versatile Mixed-Use Property For Sale

2901 SE 122ND, Portland, OR 97236

$399,000

2,282 SF

View details

Three-Level Office Building

2057 SE 122nd Ave, Portland, OR 97233

$499,900

2,020 SF

View details

Two-Level Office Building

4536 NE 102nd Ave, Portland, OR 97220

$395,000

2,166 SF

View details

Mixed-Use Property with Detached Garage

2020 NE 102ND Ave, Portland, OR 97220

$499,900

2,758 SF

View details

Raleigh Hills Commercial Property Opportunity

4575 SW DOGWOOD, Portland, OR 97225

$400,000

2,584 SF

View details

Retail/Office Building with Parking

2150 NE 82nd Ave, Portland, OR 97220

$595,000

2,020 SF

View details

Office Building with Two Suites

3511 SE MILWAUKIE Ave, Portland, OR 97202

$700,000

2,480 SF

View details

Freestanding Industrial Flex Building

2315 SE 11TH Ave, Portland, OR 97214

$780,000

2,175 SF

View details

Similar Off Market Nearby

• Tech R Us iphone repair — 11962 NE Glisan St, Portland, OR 97220
• Remo Enterprise Electronics — 12433 ne glisan st, portland, or 97230
• Farseer Kaizen's Lounge — 12228 NE Multnomah St, Portland, OR 97230

Frequently Asked Questions

What type of property is this?

Office space - Office property available for sale.

Where is this office space located?

The property is located at 12440 NE Halsey St Portland, OR.

What is the asking price?

The asking price for this property is $490,000.

What are key features of this property?

This property features: No property information was provided to determine selling points.