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    Creative Industrial Flex Building Title is generated by Realmo AI

    2105 SE 7th Avenue, Portland, OR 97214

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    Three-unit creative industrial property with dock and grade-level loading, HVAC, and dedicated tenant parking.

    Type:Industrial
    Property size:
    17,167 SF
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 3:08 am

    Property Features for 2105 SE 7th Avenue

    General Information

    Standard status
    Active
    Size
    17,167 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1946

    We can help!

    Listing Contact
    Rod Brokenshire
    Rod Brokenshire

    Listing agent Rod Brokenshire License #OR #860500161

    Listing office Macadam Forbes

    Listing date Jun 2, 2026

    Source Macadamforbes

    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

    • Three‑unit creative industrial property totaling 17,167 SF on a 30,000 SF lot in Portland’s Central Eastside
    • Dock and grade‑level loading available to support multiple tenant setups
    • HVAC throughout the renovated building
    • Dedicated off‑street parking for each tenant, with a separate lot per tenant
    • Currently 42% occupied with 7,140 SF leased; remaining space available for immediate owner‑user or tenant occupancy
    • Year built 1946

    Overview

    This multi-tenant creative industrial flex property is arranged as three distinct units, giving occupiers flexibility in how they use and configure space. The renovated building totals 17,167 square feet and sits on a 30,000 square foot lot. HVAC is provided throughout, and the loading setup includes both dock and grade-level access to support a range of business operations. Dedicated off-street parking is set up for each tenant, helping keep day-to-day access straightforward.

    Located in Portland’s Central Eastside, the site is positioned for convenient access to the surrounding industrial area. The property offers dock and grade-level loading and is described as easily accessible, supporting both immediate operational needs and owner-user use. Currently, 42% of the building is occupied, with 7,140 square feet leased and the remaining spaces available for immediate occupancy.

    With multiple units and modernized building systems, this is a strong fit for owner/users looking to move into an operating-ready facility while maintaining the option to lease remaining space. Tenants seeking creative-industrial flexibility can also benefit from the combination of HVAC, loading flexibility, and dedicated parking, all within a prime industrial zone.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    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

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    FAQs

    What type of property is this?
    Flex space - Three-unit creative industrial property with dock and grade-level loading, HVAC, and dedicated tenant parking.
    Where is this flex space located?
    The property is located at 2105 SE 7th Avenue Portland, OR.
    What are key features of this property?
    This property features: Three‑unit creative industrial property totaling 17,167 SF on a 30,000 SF lot in Portland’s Central Eastside; Dock and grade‑level loading available to support multiple tenant setups; HVAC throughout the renovated building
    (503) 227-2500
    We can help!
    Listing Contact
    Rod Brokenshire
    Rod Brokenshire
    Real Estate License ID: OR #860500161
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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