Retail Showroom
11702 NE HALSEY St Unit 11702 Portland, OR 97220
11702 NE HALSEY St Unit 11702, Portland, OR, 97220
$1,100,000
For Sale
$1,100,000
Retail/showroom building with large open areas, multiple restrooms, and two access points on a corner lot.
Property Size4,766 SF
Lot Size0.59 Acres
Price / SF$230.80
Days on Market1160
Property Features for 11702 NE HALSEY St Unit 11702
General Information
- Standard status
- Active
- Size
- 4,766 SF
- Lot size
- 0.59 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1970
Listing agency
Keller Williams PDX Central
(503) 310-1935
Listed by
Heather Miller
(503) 310-1935
Source
Xome
Added: May 20, 2023 Updated: Jul 22 at 5:12AM Checked: Jul 22 at 5:12AM
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 Keller Williams PDX Central
Investment Insights
Based on property information with market context.
This 4,766 SF retail/showroom building sits on a 0.59-acre corner lot. The layout includes large open showroom areas with street-level entry, plus an additional side entry. Interior accommodations include four restrooms, including two ADA-compliant restrooms with showers and lockers, along with one private office and ample storage space.
The property has frontage with signage and two access points. A rear delivery door serves back-of-house needs via a storage room. Parking includes 23 spaces, with additional off-site parking available on 117th Avenue.
Zoned CM1 (Commercial Mixed-Use), the space is positioned for a variety of commercial uses, with convenient access to nearby amenities. It is located with easy access to I-205 and close to major local destinations including the Gateway District and Portland Airport.
The property has frontage with signage and two access points. A rear delivery door serves back-of-house needs via a storage room. Parking includes 23 spaces, with additional off-site parking available on 117th Avenue.
Zoned CM1 (Commercial Mixed-Use), the space is positioned for a variety of commercial uses, with convenient access to nearby amenities. It is located with easy access to I-205 and close to major local destinations including the Gateway District and Portland Airport.
Key Highlights
- 4,766 SF retail/showroom building on a 0.59‑acre (25,822 SF) corner lot
- Zoned CM1 (Commercial Mixed‑Use) for a variety of uses
- Two access points: front street entry plus a side entry; rear delivery door near storage
Local Financial Insights For Retail
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 | $85.8k | $18.00 |
| − Vacancy | −$6.4k | −$1.35 |
| EGI | $79.4k | $16.65 |
| − OpEx | −$23.8k | −$5.00 |
| NOI | $55.5k | $11.66 |
4,766 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$793.5K
$694.4K – $925.8K
NOI $55,548 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,689 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
John Daniels Combative ...
Training Center
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FAQs
What type of property is this?
Showroom - Retail/showroom building with large open areas, multiple restrooms, and two access points on a corner lot.
Where is this showroom located?
The property is located at 11702 NE HALSEY St Unit 11702 Portland, OR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,766 SF retail/showroom building on a 0.59‑acre (25,822 SF) corner lot; Zoned CM1 (Commercial Mixed‑Use) for a variety of uses; Two access points: front street entry plus a side entry; rear delivery door near storage
