Portland Central Eastside Industrial
2105 SE 7th Avenue, Portland, OR 97214
New
Multi-tenant industrial property in Portland's Central Eastside.
Type:Industrial - Flex - Industrial
Property size:
17,167 SFLot size:
0.69 AcresPrice / SF:
$200/SF- Added:
- May 22, 2026
- Days on Market:
- 6
- Last Refresh:
- May 22 at 5:00 am
Property Features for 2105 SE 7th Avenue
General Information
- Standard status
- Active
- Size
- 17,167 SF
- Lot size
- 0.69 Acres
- Property subtype
- Industrial - Flex - Industrial
Building Details
- Year Built
- 1946
Listing agent Rod Brokenshire
Listing office Macadam Forbes
Listing date May 22, 2026
Source Commercialcafe
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 Macadam Forbes
HighLights
- Prime Central Eastside location in Portland, ideal for industrial investors and creative users.
- Multi‑tenant property with 17,167 SF building space on a 30,000 SF lot, divided into three units.
- Renovated building with HVAC throughout.
- Dock and grade‑level loading.
- Dedicated off‑street parking for each tenant.
- Excellent accessibility for owner/users or tenants.
Overview
Located in the heart of Portland's Central Eastside, this multi-tenant creative industrial property offers 17,167 square feet of building space on a 30,000 square foot lot. The renovated building is divided into three distinct units and is currently 42% occupied. It features HVAC throughout, dock and grade-level loading, and dedicated off-street parking for each tenant. The Central Eastside location provides excellent accessibility, making it ideal for owner/users or tenants seeking immediate occupancy. The area is a prime choice for industrial investors and creative users looking to be in the center of the action. The area is known for its eclectic mix of businesses and creative ventures. Nearby attractions include the Oregon Rail Heritage Center and the Eastbank Esplanade, surrounded by artisan cafes and local breweries. The property combines flexibility, modern amenities, and strong investment potential in a prime industrial zone.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.47M
NOI $222,222 @ 9.00% cap · cautious / downside scenario
Moderate
$3.17M
NOI $222,222 @ 7.00% cap · market / base-case scenario
Aggressive
$4.44M
NOI $222,222 @ 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 | $391.4k | $22.80 |
| − Vacancy | −$95.1k | −$5.54 |
| EGI | $296.3k | $17.26 |
| − OpEx | −$74.1k | −$4.31 |
| NOI | $222.2k | $12.94 |
17,167 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$3.17M
$2.78M – $3.70M
NOI $222,222 @ 7.0% cap · market cap 6.44%
Second Best
Flex RnD
$2.49M
$2.18M – $2.91M
NOI $174,341 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$4.82M
$4.22M – $5.62M
NOI $337,464 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Accent Party Planning — Portland, OR 97214
- Ingallina's Box Lunch — 2833 SE 15th Ave, Portland, OR 97202
- ChefStable Catering — 2136 SE 8th Ave, Portland, OR 97214, United States
- Sugar Street Catering — 3334, 1430 SE Water Ave #102, Portland, OR 97214
- Trailhead Coffee Roasters — 350 SE Mill St, Portland, OR 97214
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6591718
- Latitude
- 45.5075521
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Multi-tenant industrial property in Portland's Central Eastside.
Where is this flex space located?
The property is located at 2105 SE 7th Avenue Portland, OR.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Prime Central Eastside location in Portland, ideal for industrial investors and creative users.; Multi‑tenant property with **17,167 SF building space** on a **30,000 SF lot**, divided into three units.; Renovated building with HVAC throughout.
