Manufacturing Facility for
646 N THOMPSON St Unit 646 Portland, OR 97227
For Sale
$950,000
For-sale manufacturing facility previously operated for maker and small contractor use with a tenant in place.
Property Size5,500 SF
Price / SF$172.73
Days on Market639
Property Features for 646 N THOMPSON St Unit 646
General Information
Standard status
Active
Size
5,500 SF
Property subtype
General Commercial
Building Details
Year Built
1924
Listing Agency:
Where, Inc
(503) 799-6418
Listed By:
Marilyn Whitaker
(503) 799-6418
Source:
Xome
Added: Oct 27, 2024
Changed: Jul 23
Last Checked: Jul 27 at 2:37AM
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 Where, Inc
Investment Insights
Based on property information with market context.
This for-sale property has historically been operated as a manufacturing facility and is designed to support small contractors and makers seeking a dedicated space. The property includes 5,500 square feet, and income and expenses are noted as approximate.
The asset is located at 646 N THOMPSON St Unit 646 in Portland, Oregon 97227. A tenant is in place, and the offering references a long-standing occupancy, though specific financials are described as estimates.
Overall, it presents as an owner-user or investor-leaning manufacturing-type space with continuity of operations under an existing tenant arrangement.
The asset is located at 646 N THOMPSON St Unit 646 in Portland, Oregon 97227. A tenant is in place, and the offering references a long-standing occupancy, though specific financials are described as estimates.
Overall, it presents as an owner-user or investor-leaning manufacturing-type space with continuity of operations under an existing tenant arrangement.
Key Highlights
- Previously operated as a manufacturing facility for maker and small contractor use
- Zoned IG1 with flat roof
- On‑site and on‑street parking
Financial Insights For Industrial
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 | $52.8k | $9.60 |
| − Vacancy | −$3.5k | −$0.63 |
| EGI | $49.3k | $8.97 |
| − OpEx | −$14.8k | −$2.69 |
| NOI | $34.5k | $6.28 |
5,500 SF · lease $9.60/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Industrial
$493.2K
$431.5K – $575.4K
NOI $34,521 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,118 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Manufacturing property - For-sale manufacturing facility previously operated for maker and small contractor use with a tenant in place.
Where is this manufacturing property located?
The property is located at 646 N THOMPSON St Unit 646 Portland, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Previously operated as a manufacturing facility for maker and small contractor use; Zoned IG1 with flat roof; On‑site and on‑street parking
