Industrial Warehouse For
For Sale
$900,000
6704 NE 47th Ave, Portland, OR 97218
Warehouse-style industrial property available for sale in Portland, Oregon with NE Columbia Blvd access.
Property Size6,960 SF
Price / SF$129.31
Days on Market122
Property Features for 6704 NE 47th Ave
General Information
Standard status
Active
Size
6,960 SF
Building Details
Year Built
1999
Listing Agency:
Vantage Point Brokers, LLC
Listed By:
Robin Ewry · License #201209125
(503) 523-0997
Source:
Thesanchezteamoregon
Added: Jun 7
Changed: Sep 15
Last Checked: Oct 5 at 9:49PM
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 Vantage Point Brokers, LLC
Investment Insights
Based on property information with market context.
This for-sale industrial warehouse property is located at 6704 NE 47th Ave in Portland, Oregon (97218). The asset is categorized as warehouses/industrial properties, providing a platform suited for warehouse and general industrial use under the existing property classification.
Access is supported via the provided directions from NE Columbia Blvd to NE 47th Ave, with the property situated in Multnomah County.
For buyers seeking an industrial warehouse asset in Portland, this offering provides a straightforward option based on the property type and established warehouse/industrial categorization. Interested parties should review the property’s specific layout, improvements, and any relevant documentation during due diligence to confirm fit for their intended warehouse or light industrial requirements.
Access is supported via the provided directions from NE Columbia Blvd to NE 47th Ave, with the property situated in Multnomah County.
For buyers seeking an industrial warehouse asset in Portland, this offering provides a straightforward option based on the property type and established warehouse/industrial categorization. Interested parties should review the property’s specific layout, improvements, and any relevant documentation during due diligence to confirm fit for their intended warehouse or light industrial requirements.
Key Highlights
- Warehouse‑style industrial property for sale in Portland, Oregon with NE Columbia Blvd access
- Parking on site with paved parking
- Fenced exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,045
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,900
$1.1M
Cap Rate 7%
$757,786
$757.8K
Cap Rate 9%
$589,389
$589.4K
Market Conditions
NOI Build-Up for 6,960 SF
Gross rent
$66.8K $9.60/SF
− Vacancy
−$4.4K −$0.63/SF
EGI
$62.4K $8.97/SF
− OpEx
−$9.4K −$1.34/SF
NOI
$53.0K $7.62/SF
Area
Portland, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,900
Cap Rate 7%
$757,786
Cap Rate 9%
$589,389
Alternative Uses
Best Use
Warehouse
$757.8K
$663.1K – $884.1K
NOI $53,045 @ 7.0% cap · market cap 5.89%
Second Best
Industrial
$624.1K
$546.1K – $728.1K
NOI $43,684 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,818 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97218, OR
14,748
Population
6,440
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
2,201
Density / Sq Mi
$81,367
Median Household Income
$45,830
Median Earnings
$1,440
Median Rent
$493,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Portland, OR
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse-style industrial property available for sale in Portland, Oregon with NE Columbia Blvd access.
Where is this warehouse located?
The property is located at 6704 NE 47th Ave Portland, OR.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Warehouse‑style industrial property for sale in Portland, Oregon with NE Columbia Blvd access; Parking on site with paved parking; Fenced exterior
