Retail Opportunity in Sellwood
For Sale
$815,000
1405 Southeast Tacoma Street, Portland, OR 97202
3,033 SF retail space in desirable SE Portland neighborhood.
Property Size3,033 SF
Price / SF$268.71
Days on Market248
Property Features for 1405 Southeast Tacoma Street
General Information
Standard status
Active
Size
3,033 SF
Property subtype
Retail
Listing Agency:
Capacity Commercial Group
(503) 222-2655
Listed By:
Nicholas Diamond · License #OR #200403266
Source:
Corfac
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: Jul 30 at 3:12AM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
Located in the desirable Sellwood neighborhood of Southeast Portland, this property offers a 3,033-square-foot retail opportunity. Situated along SE Tacoma Street, between SE 17th and SE 13th, the location provides easy access to Hwy 99E. The 0.11-acre (5,000 SF) lot is zoned Commercial Mixed-Use 2 (CM2). The property is near Columbia Sportswear and New Seasons. Multiple configurations are possible, including live/work, office, studio, retail, and food and beverage. The exterior backyard is available for additional space or patio seating for a restaurant or bar. Multiple sheds provide additional storage. The property will be delivered vacant upon close.
Key Highlights
- Desirable Sellwood Neighborhood in SE Portland
- 3,033 SF of Commercial Space with Multiple Configuration Options**
- To Be Delivered Vacant Upon Close
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 | $69.2k | $22.80 |
| − Vacancy | −$4.1k | −$1.37 |
| EGI | $65.0k | $21.43 |
| − OpEx | −$16.3k | −$5.36 |
| NOI | $48.8k | $16.07 |
3,033 SF · lease $22.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$696.5K
$609.4K – $812.5K
NOI $48,752 @ 7.0% cap · market cap 5.98%
Second Best
Retail
$606.0K
$530.3K – $707.0K
NOI $42,420 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$723.6K
$633.1K – $844.2K
NOI $50,651 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
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?
Retail space - 3,033 SF retail space in desirable SE Portland neighborhood.
Where is this retail space located?
The property is located at 1405 Southeast Tacoma Street Portland, OR.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: Desirable Sellwood Neighborhood in SE Portland; 3,033 SF of Commercial Space with Multiple Configuration Options**; To Be Delivered Vacant Upon Close
