Commercial Building with Multiple Rental
13511 SE DIVISION Portland, OR 97236
13511 SE DIVISION, Portland, OR, 97236
$1,599,950
For Sale
$1,599,950
7,868 SF commercial building with four rentable spaces.
Property Size7,868 SF
Lot Size0.41 Acres
Price / SF$203.35
Days on Market230
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 Updated: Jul 10 at 3:47 pm Checked: Jul 20 at 4:05 am
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
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Zakours Floor Coverings
General Contractor
Martinez Mario
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- Kern Park Flower Shoppe — 12625 SE Boise St, Portland, OR 97236
FAQs
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
