Industrial Flex Makerspace
For Sale
Contact for pricing
1121 N Loring St, Portland, OR 97227
Flexible makerspaces within a general industrial building, featuring 14–16 clear heights and both grade-level and dock-high loading.
Property Size19,000 SF
Price / SF$115.79
Days on Market489
Property Features for 1121 N Loring St
General Information
Standard status
Active
Size
19,000 SF
Total Parking Spaces
9
Property subtype
INDUSTRIAL
Zoning
IG1
Warehouse & Industrial
Clear Height
16 ft
Dock-High Doors
1
Drive-In Doors
1
Listing Agency:
Apex Real Estate Partners
(503) 853-2141
Listed By:
Rennie Dunn
(503) 853-2141
Source:
Moodyscre
Added: Apr 2, 2025
Changed: Jul 28
Last Checked: Aug 2 at 2:19PM
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 industrial flex/makerspace facility offers approximately 19,000 square feet with multiple makerspaces ranging from about 350 to 5,665 square feet. The space is built with exposed timber and concrete floors and includes 14’–16’ clear heights. Loading is supported by one grade-level door and one dock-high door.
Located in Portland, OR with excellent public transportation access, the TriMet MAX and bus lines are described as just steps away. The property is zoned IG1 – General Industrial 1, with approximately 9 parking stalls on site.
Permitted plans are available to add a new entry with a deck for a winery, aligning with the facility’s existing industrial configuration. The building is positioned as a value-add opportunity with current lease rates noted as significantly under market.
Located in Portland, OR with excellent public transportation access, the TriMet MAX and bus lines are described as just steps away. The property is zoned IG1 – General Industrial 1, with approximately 9 parking stalls on site.
Permitted plans are available to add a new entry with a deck for a winery, aligning with the facility’s existing industrial configuration. The building is positioned as a value-add opportunity with current lease rates noted as significantly under market.
Key Highlights
- ±19,000 SF general industrial building with flexible makerspaces ranging from ±350–5,665 SF
- 14’–16’ clear heights, with 1 grade‑level door and 1 dock‑high door
- IG1 – General Industrial zoning
Financial Insights For Flex RnD
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 | $319.2k | $16.80 |
| − Vacancy | −$22.3k | −$1.18 |
| EGI | $296.9k | $15.62 |
| − OpEx | −$103.9k | −$5.47 |
| NOI | $193.0k | $10.16 |
19,000 SF · lease $16.80/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.76M
$2.41M – $3.22M
NOI $192,956 @ 7.0% cap · market cap 8.77%
Second Best
Industrial
$1.70M
$1.49M – $1.99M
NOI $119,253 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$5.34M
$4.67M – $6.22M
NOI $373,497 @ 7.0% cap · market cap 16.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,539
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97227, OR
6,058
Population
3,835
Households
1.6
Avg Household Size
35
Median Age
60%
College-Educated
93%
High-School Grad
1.4 sq mi
ZIP Area
4,327
Density / Sq Mi
$79,161
Median Household Income
$56,098
Median Earnings
$1,609
Median Rent
$595,900
Median Home Value
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
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Similar Off Market Nearby
- Portland Burmese Food Catering Services — 833 nw 16th ave, portland, or 97209
- Ko sisters Catering — 1825 N Williams Ave, Portland, OR 97227
- Catering for a Cause, Volunteers of America Oregon — 1520 N Williams Ave, Portland, OR 97227
- Devil's Food Catering — 722 N Page St, Portland, OR 97227
- Gather Around Nutrition — 2240 N Interstate Ave Suite 200, Portland, OR 97227
Frequently Asked Questions
What type of property is this?
Flex space - Flexible makerspaces within a general industrial building, featuring 14–16 clear heights and both grade-level and dock-high loading.
Where is this flex space located?
The property is located at 1121 N Loring St Portland, OR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: ±19,000 SF general industrial building with flexible makerspaces ranging from ±350–5,665 SF; 14’–16’ clear heights, with 1 grade‑level door and 1 dock‑high door; IG1 – General Industrial zoning
