Retail Building with Dedicated
For Sale
$1,500,000
7660 Southwest Barbur Boulevard, Portland, OR 97219
Retail building with flexible floorplates, large display windows, and multiple on-site parking spaces for efficient customer access.
Property Size5,470 SF
Days on Market103
Property Features for 7660 Southwest Barbur Boulevard
General Information
Standard status
Active
Size
5,470 SF
Property subtype
Retail
Building Details
Building Size
5,470 SF
Year Built
1972
Listing Agency:
SVN Bluestone
Listed By:
Stacy Looney · License #OR #940200076
(760) 550-8670
Source:
Svn
Added: Jun 7
Changed: Sep 9
Last Checked: Sep 16 at 1:25PM
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 SVN Bluestone
Investment Insights
Based on property information with market context.
This retail building offers an adaptable interior configuration with flexible floorplates suited to single-tenant or multi-tenant operation. Large display windows support strong merchandise presentation, and the well-maintained façade creates a professional street presence. The property also includes a dedicated service entry for back-of-house needs, along with efficient loading accommodations for retail deliveries, supported by robust building systems.
Located along SW Barbur Boulevard in Portland, Oregon, the property is positioned for high visibility and practical signage exposure from the primary retail corridor. Dedicated parking spaces onsite and clear access points help streamline customer arrivals, while the service entry supports smoother receiving and operations.
For retailers, the combination of display windows, an intuitive layout for customer circulation, and flexible configuration can help match a range of retail concepts and tenant setups. The current buildout and professional exterior presentation support immediate occupation, with on-site parking and loading access designed to reduce day-to-day friction for both customers and staff.
Located along SW Barbur Boulevard in Portland, Oregon, the property is positioned for high visibility and practical signage exposure from the primary retail corridor. Dedicated parking spaces onsite and clear access points help streamline customer arrivals, while the service entry supports smoother receiving and operations.
For retailers, the combination of display windows, an intuitive layout for customer circulation, and flexible configuration can help match a range of retail concepts and tenant setups. The current buildout and professional exterior presentation support immediate occupation, with on-site parking and loading access designed to reduce day-to-day friction for both customers and staff.
Key Highlights
- Retail building built in 1972 with flexible floorplates for single- or multi‑tenant configurations
- High‑profile frontage on SW Barbur Boulevard with large display windows and signage exposure
- Multiple dedicated on‑site parking spaces with clear customer access for efficient visits
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,978
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,419,560
$1.4M
Cap Rate 7%
$1,013,971
$1.0M
Cap Rate 9%
$788,644
$788.6K
Market Conditions
NOI Build-Up for 5,470 SF
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.
Gross rent
$109.6K $20.04/SF
− Vacancy
−$8.2K −$1.50/SF
EGI
$101.4K $18.54/SF
− OpEx
−$30.4K −$5.56/SF
NOI
$71.0K $12.98/SF
Area
ZIP 97219
Vacancy
7.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,419,560
Cap Rate 7%
$1,013,971
Cap Rate 9%
$788,644
Alternative Uses
Best Use
Retail
$1.01M
$887.2K – $1.18M
NOI $70,978 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,528 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
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Business Placement
Demographics for 97219, OR
42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
Median Home Value
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Market
Vacancy Rate% for Retail in Portland, OR
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building with flexible floorplates, large display windows, and multiple on-site parking spaces for efficient customer access.
Where is this retail space located?
The property is located at 7660 Southwest Barbur Boulevard Portland, OR.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Retail building built in 1972 with flexible floorplates for single- or multi‑tenant configurations; High‑profile frontage on SW Barbur Boulevard with large display windows and signage exposure; Multiple dedicated on‑site parking spaces with clear customer access for efficient visits
