Ground-Floor Office
New
For Sale
$825,000
1314 NW Irving St #101, Portland, OR 97209
The layout includes private offices, shared work areas, a conference room, and a kitchen.
Property Size3,638 SF
Price / SF$226.77
Days on Market2
Property Features for 1314 NW Irving St #101
General Information
Standard status
Active
Size
3,638 SF
Property subtype
Commercial
Zoning
EX
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
rooftop terrace
seating areas
barbecue facilities
Building Details
Building Size
3,638 SF
Year Built
1925
Construction
concrete
Listing Agency:
Better Homes & Gardens Realty
Listed By:
Derek Peterson · License #200604249
(503) 332-0046
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 12:04PM
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 Better Homes & Gardens Realty
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Investment Insights
Based on property information with market context.
This 3,638-square-foot office suite occupies the ground floor of a building constructed in 1925. Its layout includes reception space, private offices, open work areas, a conference room, a copy and work room, kitchen and break space, storage, and private restrooms. Exposed concrete columns, high ceilings, and broad street-facing windows define the interior, with direct exterior access. Zoning is EX.
Located at 1314 NW Irving St in Portland’s Pearl District, the property has secure building access and management available from 9 a.m. to 5 p.m. Building amenities include a rooftop terrace with seating and barbecue facilities. Restaurants, boutiques, galleries, parks, and streetcar service are nearby.
Located at 1314 NW Irving St in Portland’s Pearl District, the property has secure building access and management available from 9 a.m. to 5 p.m. Building amenities include a rooftop terrace with seating and barbecue facilities. Restaurants, boutiques, galleries, parks, and streetcar service are nearby.
Key Highlights
- 3,638‑square‑foot ground‑floor office suite
- Reception area, private offices, open work areas, and conference space
- Kitchen and break area, copy/work room, storage, and private restrooms
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 - The layout includes private offices, shared work areas, a conference room, and a kitchen.
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 suite; Reception area, private offices, open work areas, and conference space; Kitchen and break area, copy/work room, storage, and private restrooms
