Two-Story Office Building in
1430 Southwest Clay Street, Portland, OR 97201
7,500 SF office building in Goose Hollow neighborhood.
Type:Office - General Office
Property size:
7,500 SFPrice / SF:
$186/SF- Added:
- May 14, 2026
- Days on Market:
- 15
- Last Refresh:
- May 14 at 4:05 am
Property Features for 1430 Southwest Clay Street
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Office - General Office
Building Details
- Year Built
- 1970
Listing agent Megan McElmurry
Listing office Macadam Forbes
Listing date May 14, 2026
Source Commercialcafe
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 Macadam Forbes
HighLights
- Prime location in the coveted Goose Hollow neighborhood, bridging downtown Portland and residential charm.
- 7,500 SF 2‑story owner‑user office building.
- Seamless access to I‑405 highway for unparalleled connectivity.
- Covered and surface parking for team and client access.
- Flexible layout with private offices, conference rooms, and open spaces.
- Rare opportunity to own or lease a freestanding office building.
Overview
Located at 1430 SW Clay Street in Portland, Oregon, this 7,500 SF two-story office building is situated in the Goose Hollow neighborhood, bridging downtown Portland with residential areas. The property offers covered and surface parking. The flexible layout includes private offices, conference rooms, and open spaces. Access to the I-405 highway provides connectivity. This freestanding building is suitable for owner-users.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.08M
NOI $97,085 @ 9.00% cap · cautious / downside scenario
Moderate
$1.39M
NOI $97,085 @ 7.00% cap · market / base-case scenario
Aggressive
$1.94M
NOI $97,085 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $171.0k | $22.80 |
| − Vacancy | −$41.6k | −$5.54 |
| EGI | $129.4k | $17.26 |
| − OpEx | −$32.4k | −$4.31 |
| NOI | $97.1k | $12.94 |
7,500 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.39M
$1.21M – $1.62M
NOI $97,085 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,433 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Association of Western Pulp
Nightclub
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6898535
- Latitude
- 45.515748
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 7,500 SF office building in Goose Hollow neighborhood.
Where is this office building located?
The property is located at 1430 Southwest Clay Street Portland, OR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime location in the coveted Goose Hollow neighborhood, bridging downtown Portland and residential charm.; 7,500 SF 2‑story owner‑user office building.; Seamless access to I‑405 highway for unparalleled connectivity.
