Office Building
For Sale
Contact for pricing
11 SW Gibbs St, Portland, OR 97239
Office property offering 3,769 SF for sale.
Property Size3,769 SF
Price / SF$338.29
Days on Market630
Property Features for 11 SW Gibbs St
General Information
Standard status
Active
Size
3,769 SF
Property subtype
Office, Retail
Site & Location
Neighborhood
Homestead
Listing Agency:
Colliers - Portland, Oregon
Listed By:
seth platsman · License #201218073
(503) 542-5481
Source:
Crexi
Added: Feb 11, 2025
Changed: Oct 25
Last Checked: Nov 1 at 3:56AM
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 Colliers - Portland, Oregon
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property is offered for sale and includes 3,769 SF of space. The listing is presented as Office Units / Office Spaces, suitable for businesses seeking dedicated office space within a commercial setting.
The property is located at 11 SW Gibbs Street, Portland, OR 97239.
Additional details such as suite configuration, finishes, or specific amenities are not provided in the available information.
The property is located at 11 SW Gibbs Street, Portland, OR 97239.
Additional details such as suite configuration, finishes, or specific amenities are not provided in the available information.
Key Highlights
- Office property for sale offering 3,769 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,789
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,780
$975.8K
Cap Rate 7%
$696,986
$697.0K
Cap Rate 9%
$542,100
$542.1K
Market Conditions
NOI Build-Up for 3,769 SF
Gross rent
$85.9K $22.80/SF
− Vacancy
−$20.9K −$5.54/SF
EGI
$65.1K $17.26/SF
− OpEx
−$16.3K −$4.31/SF
NOI
$48.8K $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%
$975,780
Cap Rate 7%
$696,986
Cap Rate 9%
$542,100
Alternative Uses
Best Use
Office B
$697.0K
$609.9K – $813.2K
NOI $48,789 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$926.1K – $1.23M
NOI $74,090 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,774
Businesses Nearby
Explore this area
Business Placement
Demographics for 97239, OR
18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office unit - Office property offering 3,769 SF for sale.
Where is this office unit located?
The property is located at 11 SW Gibbs St Portland, OR.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Office property for sale offering 3,769 SF
