Commercial Building with Multiple Rental
For Sale
$1,599,950
13511 SE DIVISION, Portland, OR 97236
7,868 SF commercial building with four rentable spaces.
Property Size7,868 SF
Lot Size0.41 Acres
Price / SF$203.35
Days on Market243
Property Features for 13511 SE DIVISION
General Information
Standard status
Active
Size
7,868 SF
Lot size
0.41 Acres
Property subtype
Commercial
Building Details
Year Built
1972
Listing Agency:
JOHN L. SCOTT SANDY
(503) 826-9000
Listed By:
JESSIE JONES
Source:
Corcoran
Added: Dec 2, 2025
Changed: Jul 10
Last Checked: Aug 2 at 8:08AM
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 JOHN L. SCOTT SANDY
Investment Insights
Based on property information with market context.
This 7,868 square foot commercial building is located at the intersection of 135th and Division on a 0.41 acre lot. The property, zoned CM1, features four separate rentable spaces, a garage, a storage container, and a patio area. The building is occupied by long-standing tenants and includes a grocery market, a furniture store, and a video deli. Additional retail spaces were created and added to the original building in 2001 and 2015. New interior and exterior paint.
Key Highlights
- 7,868 square foot commercial building
- CM1 zoning
- Features four separate rentable spaces
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.1k | $19.20 |
| − Vacancy | −$9.8k | −$1.25 |
| EGI | $141.2k | $17.95 |
| − OpEx | −$35.3k | −$4.49 |
| NOI | $105.9k | $13.46 |
7,868 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.51M
$1.32M – $1.77M
NOI $105,935 @ 7.0% cap · market cap 6.62%
Second Best
Retail
$1.31M
$1.15M – $1.53M
NOI $91,702 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,667 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97236, OR
40,193
Population
13,736
Households
2.9
Avg Household Size
36
Median Age
21%
College-Educated
81%
High-School Grad
7.7 sq mi
ZIP Area
5,220
Density / Sq Mi
$68,582
Median Household Income
$38,131
Median Earnings
$1,436
Median Rent
$414,400
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kern Park Flower Shoppe — 12625 SE Boise St, Portland, OR 97236
Frequently Asked Questions
What type of property is this?
Storefront property - 7,868 SF commercial building with four rentable spaces.
Where is this storefront property located?
The property is located at 13511 SE DIVISION Portland, OR.
What is the asking price?
The asking price for this property is $1,599,950.
What are key features of this property?
This property features: 7,868 square foot commercial building; CM1 zoning; Features four separate rentable spaces
