Commercial Building with Live-Work
4033 SE MILWAUKIE Ave Unit 4033 Portland, OR 97202
4033 SE MILWAUKIE Ave Unit 4033, Portland, OR, 97202
$1,650,000
For Sale
$1,650,000
Commercial building with strong frontage on SE Milwaukie Ave and live/work potential, available for owner-occupied use at closing.
Property Size8,620 SF
Price / SF$191.42
Days on Market603
Property Features for 4033 SE MILWAUKIE Ave Unit 4033
General Information
- Standard status
- Active
- Size
- 8,620 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1956
Listing agency
(503) 381-9551
Listed by
Westlake Properties
(503) 381-9551
Source
Xome
Added: Nov 26, 2024 Updated: Jul 22 at 10:17AM Checked: Jul 22 at 10:17AM
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 Westlake Properties
Investment Insights
Based on property information with market context.
This commercial building offers owner-occupied flexibility with live/work potential. The property has notable frontage along SE Milwaukie Ave and is expected to be vacated at the time of closing, making it suitable for a buyer who plans to occupy the space or reposition the premises for a tenant-ready environment.
Located at 4033 SE MILWAUKIE Ave Unit 4033 in Portland, OR 97202, the building’s street-facing presence supports retail, office, or flexible use depending on the buyer’s plans for the interior layout.
The offering combines a commercially visible storefront-style frontage with a configuration that accommodates live/work possibilities, aligning well with owner-occupants seeking a property they can tailor to their own needs.
Located at 4033 SE MILWAUKIE Ave Unit 4033 in Portland, OR 97202, the building’s street-facing presence supports retail, office, or flexible use depending on the buyer’s plans for the interior layout.
The offering combines a commercially visible storefront-style frontage with a configuration that accommodates live/work possibilities, aligning well with owner-occupants seeking a property they can tailor to their own needs.
Key Highlights
- Commercial building with strong frontage on SE Milwaukie Ave
- Live/work potential; available for owner‑occupied use at closing (building will be vacated at closing)
- Zoned CM1
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 | $186.2k | $21.60 |
| − Vacancy | −$14.0k | −$1.62 |
| EGI | $172.2k | $19.98 |
| − OpEx | −$51.7k | −$5.99 |
| NOI | $120.6k | $13.99 |
8,620 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.72M
$1.51M – $2.01M
NOI $120,559 @ 7.0% cap · market cap 7.31%
Second Best
Office B
$1.71M
$1.49M – $1.99M
NOI $119,582 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $143,954 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
First Church of David ...
Church
Heart of Gold
Cosmetic Store
Psanctum Thrift
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Commercial building with strong frontage on SE Milwaukie Ave and live/work potential, available for owner-occupied use at closing.
Where is this live-work space located?
The property is located at 4033 SE MILWAUKIE Ave Unit 4033 Portland, OR.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Commercial building with strong frontage on SE Milwaukie Ave; Live/work potential; available for owner‑occupied use at closing (building will be vacated at closing); Zoned CM1
