Ground-Floor Office
For Sale
$825,000
1314 NW IRVING ST 101, Portland, OR 97209
A flexible workspace combines private offices, open work areas, conference space, and direct exterior entry.
Property Size3,638 SF
Price / SF$226.77
Days on Market130
Property Features for 1314 NW IRVING ST 101
General Information
Standard status
Active
Size
3,638 SF
Property subtype
Commercial
Site & Location
Neighborhood
Pearl District
Public Transit
Yes
Additional Details
Floor
Ground Floor
Property Use
Office
Taxes and HOA fees
Annual Taxes
$13,230
Amenities
secure access
building management available 9-5
rooftop terrace with seating areas and barbecue facilities
Building Details
Building Size
3,638 SF
Year Built
1925
Construction
concrete
Listing Agency:
ELEETE REAL ESTATE
Listed By:
The Lee Davies Team
(503) 997-1118
Source:
Leedavies
Added: Jun 25
Changed: Oct 28
Last Checked: Oct 31 at 2:12PM
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 ELEETE REAL ESTATE
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Investment Insights
Based on property information with market context.
This 3,638-square-foot office unit occupies the ground floor of Irving Street Lofts, a building constructed in 1925. Its layout includes a reception area, private offices, open work areas, conference space, a copy and work room, kitchen and break area, storage, and a private restroom. Exposed concrete columns, high ceilings, and large warehouse-style windows define the interior. Street-facing glazing and a separate exterior entrance are also part of the space.
The property is in Portland’s Pearl District, near restaurants, boutiques, galleries, parks, and streetcar service. Building amenities include secure access, management available from 9 a.m. to 5 p.m., and a rooftop terrace with seating and barbecue facilities.
The property is in Portland’s Pearl District, near restaurants, boutiques, galleries, parks, and streetcar service. Building amenities include secure access, management available from 9 a.m. to 5 p.m., and a rooftop terrace with seating and barbecue facilities.
Key Highlights
- 3,638‑square‑foot ground‑floor office unit
- Reception, private offices, open work areas, conference room, workroom, kitchen and break area, storage, and private restroom
- Exposed concrete columns, high ceilings, and warehouse‑style windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,093
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,860
$941.9K
Cap Rate 7%
$672,757
$672.8K
Cap Rate 9%
$523,256
$523.3K
Market Conditions
NOI Build-Up for 3,638 SF
Gross rent
$82.9K $22.80/SF
− Vacancy
−$20.2K −$5.54/SF
EGI
$62.8K $17.26/SF
− OpEx
−$15.7K −$4.31/SF
NOI
$47.1K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,860
Cap Rate 7%
$672,757
Cap Rate 9%
$523,256
Alternative Uses
Best Use
Office B
$672.8K
$588.7K – $784.9K
NOI $47,093 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$893.9K – $1.19M
NOI $71,515 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10,690
Businesses Nearby
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Business Placement
Demographics for 97209, OR
22,755
Population
16,437
Households
1.4
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
1.0 sq mi
ZIP Area
22,755
Density / Sq Mi
$84,059
Median Household Income
$68,731
Median Earnings
$1,669
Median Rent
$573,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office unit - A flexible workspace combines private offices, open work areas, conference space, and direct exterior entry.
Where is this office unit located?
The property is located at 1314 NW IRVING ST 101 Portland, OR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 3,638‑square‑foot ground‑floor office unit; Reception, private offices, open work areas, conference room, workroom, kitchen and break area, storage, and private restroom; Exposed concrete columns, high ceilings, and warehouse‑style windows
