Boutique Office
1325 NW Flanders St Portland, OR 97209
1325 NW Flanders St, Portland, OR, 97209
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For Sale
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Office space includes a reception and lobby, open work areas, conference rooms, offices, and a kitchenette.
Property Size4,950 SF
Price / SF$343.43
Days on Market476
Property Features for 1325 NW Flanders St
General Information
- Standard status
- Active
- Size
- 4,950 SF
- Property subtype
- OFFICE
Listing agency
Apex Real Estate Partners
(503) 407-9011
Listed by
Max Schlesinger
(503) 407-9011
Source
Moodyscre
Added: Apr 2, 2025 Updated: Jul 21 at 4:58AM Checked: Jul 21 at 4:58AM
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 Apex Real Estate Partners
Investment Insights
Based on property information with market context.
This office building offers a modern, well-finished interior with inviting reception and lobby space, open work areas, conference rooms, private offices, and a kitchenette. The layout also features exposed brick, timber and hardwood floors, along with glass partitioned walls that help maintain a light, airy feel. Dedicated restrooms are included.
Located in Portland’s popular Pearl District, the property is described as having signage opportunity with excellent visibility and pedestrian foot traffic. Public transit is also noted as being just steps away, supporting convenient access for occupants and visitors.
The combination of reception/lobby, collaborative open space, and enclosed rooms supports a range of everyday office operations while maintaining a polished, contemporary presentation.
Located in Portland’s popular Pearl District, the property is described as having signage opportunity with excellent visibility and pedestrian foot traffic. Public transit is also noted as being just steps away, supporting convenient access for occupants and visitors.
The combination of reception/lobby, collaborative open space, and enclosed rooms supports a range of everyday office operations while maintaining a polished, contemporary presentation.
Key Highlights
- Office space with reception and lobby, open work areas, conference rooms, offices, and a kitchenette
- Exposed brick, timber, and hardwood floors
- Glass partitioned walls to create an airy feel and let natural light filter throughout the space
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.9k | $22.80 |
| − Vacancy | −$27.4k | −$5.54 |
| EGI | $85.4k | $17.26 |
| − OpEx | −$21.4k | −$4.31 |
| NOI | $64.1k | $12.94 |
4,950 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$915.4K
$801.0K – $1.07M
NOI $64,076 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,306 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Premier Mortgage Resources
Loan Service
The Nishimura Group
Loan Service
LAUREN MIRECKI
Loan Service
Sundt Mortgage
Loan Service
Lindsay Zeke
Loan Service
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FAQs
What type of property is this?
Office building - Office space includes a reception and lobby, open work areas, conference rooms, offices, and a kitchenette.
Where is this office building located?
The property is located at 1325 NW Flanders St Portland, OR.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: Office space with reception and lobby, open work areas, conference rooms, offices, and a kitchenette; Exposed brick, timber, and hardwood floors; Glass partitioned walls to create an airy feel and let natural light filter throughout the space
