Listing Agency: Hanna Realty Show Phone

Listed By: Don Hanna, Jr.

Source: Moodyscre

Added: Nov 8, 2023 Changed: Oct 6 Last Checked: Oct 19 at 7:50AM

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Investment Insights

Based on property information with market context.

This 12,300-square-foot retail property at 7330-7332 SE Powell Blvd includes a warehouse area and an end-cap salon space that are leased. An additional 8,200 square feet is identified for possible owner/operator use. The building includes two HVAC systems and one bathroom, supporting a straightforward commercial layout with both retail and warehouse components.

The property is located in Portland, Oregon, within the 97206 ZIP code. Its combination of leased areas and separately identified space provides a mix of existing occupancy and potential owner/operator functionality. The address is 7330-7332 SE Powell Blvd.

Key Highlights

• 12,300‑square‑foot retail property
• 8,200 square feet identified for possible owner/operator use
• Leased warehouse and end‑cap salon areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$141,807

Cap Rate

7.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,836,140 $2.8M

Cap Rate 7%

$2,025,814 $2.0M

Cap Rate 9%

$1,575,633 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,300 SF

Gross rent

$221.4K $18.00/SF

− Vacancy

−$18.8K −$1.53/SF

EGI

$202.6K $16.47/SF

− OpEx

−$60.8K −$4.94/SF

NOI

$141.8K $11.53/SF

Area

ZIP 97206

Vacancy

8.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,836,140

Cap Rate 7%

$2,025,814

Cap Rate 9%

$1,575,633

Alternative Uses

Best Use

Retail

$2.03M

$1.77M – $2.36M (±1% cap)

NOI $141,807 @ 7.0% cap · market cap 7.48%

Second Best

Warehouse

$1.42M

$1.25M – $1.66M (±1% cap)

NOI $99,603 @ 7.0% cap · market cap 5.26%

Theoretical Best

Office A

$3.45M

$3.02M – $4.03M (±1% cap)

NOI $241,790 @ 7.0% cap · market cap 12.76%

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

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service (Bike/Boat/Book/etc) Store Barber Shop Carpet & Flooring Store

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

1,126

Businesses Nearby

Explore this area Business Placement

Demographics for 97206, OR

51,072

Population

22,348

Households

2.3

Avg Household Size

38

Median Age

49%

College-Educated

94%

High-School Grad

6.5 sq mi

ZIP Area

7,857

Density / Sq Mi

$94,233

Median Household Income

$54,254

Median Earnings

$1,693

Median Rent

$480,500

Median Home Value

Market

Vacancy Rate% for Industrial in Portland, OR

3.4% 2019

4.1% 2020

2.5% 2021

2.1% 2022

4.2% 2023

5.5% 2024

6.6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Leased warehouse and salon areas accompany space identified for potential owner/operator use.

Where is this retail space located?

The property is located at 7330-7332 SE Powell Blvd Portland, OR.

What is the asking price?

The asking price for this property is $1,895,000.

What are key features of this property?

This property features: 12,300‑square‑foot retail property; 8,200 square feet identified for possible owner/operator use; Leased warehouse and end‑cap salon areas