Building Details

Year Built 1888

Listing Agency: EXP REALTY, LLC Show Phone

Listed By: STEPHEN FITZMAURICE · License #200308110 Show Phone

Source: Corcoran

Added: Dec 5, 2025 Changed: Oct 13 Last Checked: Oct 20 at 9:17PM

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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 EXP REALTY, LLC

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Investment Insights

Based on property information with market context.

Positioned on a high-visibility corner along Belmont Street, this tastefully updated CM2-zoned property offers exceptional versatility for both commercial and residential uses. The property's prime corner exposure provides excellent visibility for businesses, while the thoughtful updates throughout make it equally appealing as a unique live/work opportunity. The large garage is a standout feature, ideal for a workshop, creative studio, or storing and working on vehicles, yet also practical for residential needs such as hobby space or secure parking. With modern finishes, flexible layout options, and zoning that supports a wide range of uses, this Belmont Street property is perfectly suited for owners or investors seeking a blend of convenience, functionality, and strong street presence. The property size is 3316 square feet.

Key Highlights

• High‑visibility corner location on Belmont Street
• CM2 zoning allows for versatile commercial and residential uses
• Tastefully updated with modern finishes

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,766

Cap Rate

5.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$895,320 $895.3K

Cap Rate 7%

$639,514 $639.5K

Cap Rate 9%

$497,400 $497.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,316 SF

Gross rent

$79.6K $24.00/SF

− Vacancy

−$8.0K −$2.40/SF

EGI

$71.6K $21.60/SF

− OpEx

−$26.9K −$8.10/SF

NOI

$44.8K $13.50/SF

Area

Portland, OR

Vacancy

10.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$895,320

Cap Rate 7%

$639,514

Cap Rate 9%

$497,400

Alternative Uses

Best Use

Mixed Use

$639.5K

$559.6K – $746.1K (±1% cap)

NOI $44,766 @ 7.0% cap · market cap 5.27%

Second Best

Office B

$613.2K

$536.6K – $715.4K (±1% cap)

NOI $42,925 @ 7.0% cap · market cap 5.05%

Theoretical Best

Office A

$931.2K

$814.8K – $1.09M (±1% cap)

NOI $65,185 @ 7.0% cap · market cap 7.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Tanning Salon Florist (Bike/Boat/Book/etc) Store Locksmith Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,036

Businesses Nearby

Explore this area Business Placement

Demographics for 97214, OR

28,403

Population

15,948

Households

1.8

Avg Household Size

36

Median Age

67%

College-Educated

98%

High-School Grad

2.9 sq mi

ZIP Area

9,794

Density / Sq Mi

$86,879

Median Household Income

$55,643

Median Earnings

$1,628

Median Rent

$733,200

Median Home Value

Market

Vacancy Rate% for Office in Portland, OR

10.1% 2019

12.3% 2020

16.1% 2021

18.5% 2022

20.8% 2023

21.7% 2024

24.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - CM2-zoned property suitable for commercial and residential uses.

Where is this mixed-use property located?

The property is located at 1305 SE BELMONT Portland, OR.

What is the asking price?

The asking price for this property is $849,900.

What are key features of this property?

This property features: High‑visibility corner location on Belmont Street; CM2 zoning allows for versatile commercial and residential uses; Tastefully updated with modern finishes