Storefront Building with
For Sale
$470,000
4916 100TH Ave, Portland, OR 97220
Existing storefront includes central air, multiple office or bedroom areas, a breakroom, and a kitchen.
Property Size2,304 SF
Price / SF$203.99
Days on Market1160
Property Features for 4916 100TH Ave
General Information
Standard status
Active
Size
2,304 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$3,521
Amenities
Central Air
3
Shingle
CM2
Paved Road.
Building Details
Year Built
1949
Listing Agency:
RE/MAX Equity Group
(503) 653-0607
Listed By:
Jessica Hur · License #881200144
(503) 502-2525
Source:
Xome
Added: Jul 3, 2023
Changed: Sep 2
Last Checked: Sep 4 at 3:45AM
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 RE/MAX Equity Group
Investment Insights
Based on property information with market context.
This 2,304-square-foot storefront building was constructed in 1949 and is currently used as a dry cleaner. The interior includes three rooms identified as bedrooms or offices, along with a breakroom and kitchen. Central air is installed, and the exterior has shingle siding.
Dry-cleaning equipment may be purchased separately from the seller or removed for a different use. The property has street parking, with possible off-street parking behind the building. It is located at 4916 NE 100TH Ave Unit 4916 in Portland, Oregon.
Dry-cleaning equipment may be purchased separately from the seller or removed for a different use. The property has street parking, with possible off-street parking behind the building. It is located at 4916 NE 100TH Ave Unit 4916 in Portland, Oregon.
Key Highlights
- 2,304‑square‑foot storefront building
- Currently used as a dry cleaner
- Three rooms configured as bedrooms or offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,853
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,060
$537.1K
Cap Rate 7%
$383,614
$383.6K
Cap Rate 9%
$298,367
$298.4K
Market Conditions
NOI Build-Up for 2,304 SF
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.
Gross rent
$41.5K $18.00/SF
− Vacancy
−$3.1K −$1.35/SF
EGI
$38.4K $16.65/SF
− OpEx
−$11.5K −$5.00/SF
NOI
$26.9K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,060
Cap Rate 7%
$383,614
Cap Rate 9%
$298,367
Alternative Uses
Best Use
Retail
$383.6K
$335.7K – $447.6K
NOI $26,853 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$647.0K
$566.1K – $754.9K
NOI $45,291 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Existing storefront includes central air, multiple office or bedroom areas, a breakroom, and a kitchen.
Where is this storefront property located?
The property is located at 4916 100TH Ave Portland, OR.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: 2,304‑square‑foot storefront building; Currently used as a dry cleaner; Three rooms configured as bedrooms or offices
