Office Building Near Portland
For Sale
$995,000
1436 Southwest Columbia Street, Portland, OR 97201
Existing cubicles may remain for the next occupant.
Property Size3,174 SF
Days on Market54
Property Features for 1436 Southwest Columbia Street
General Information
Standard status
Active
Size
3,174 SF
Class
C
Property subtype
Office
Building Details
Building Size
3,174 SF
Year Built
1980
Listing Agency:
Norris & Stevens, Inc. - Corporate
Listed By:
Mallorie Goody
(503) 780-6716
Source:
Tcnworldwide
Added: Aug 14
Changed: Oct 6
Last Checked: Oct 5 at 4:40PM
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 Norris & Stevens, Inc. - Corporate
Investment Insights
Based on property information with market context.
Office building at 1436 Southwest Columbia Street in Portland, Oregon, available for sale or lease. The property is positioned near Portland State University and includes existing cubicles that may remain for the next buyer or tenant.
Built in 1980, the building offers an established office setting in a central Portland location.
Built in 1980, the building offers an established office setting in a central Portland location.
Key Highlights
- Near Portland State University
- Existing cubicles may remain for buyer or tenant
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,086
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,720
$821.7K
Cap Rate 7%
$586,943
$586.9K
Cap Rate 9%
$456,511
$456.5K
Market Conditions
NOI Build-Up for 3,174 SF
Gross rent
$72.4K $22.80/SF
− Vacancy
−$17.6K −$5.54/SF
EGI
$54.8K $17.26/SF
− OpEx
−$13.7K −$4.31/SF
NOI
$41.1K $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%
$821,720
Cap Rate 7%
$586,943
Cap Rate 9%
$456,511
Alternative Uses
Best Use
Office B
$586.9K
$513.6K – $684.8K
NOI $41,086 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$891.3K
$779.9K – $1.04M
NOI $62,394 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 97201, OR
17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
What type of property is this?
Office building - Existing cubicles may remain for the next occupant.
Where is this office building located?
The property is located at 1436 Southwest Columbia Street Portland, OR.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Near Portland State University; Existing cubicles may remain for buyer or tenant; Built in 1980
