Two-Story Office Building in
For Sale
$1,400,000
1430 Southwest Clay Street, Portland, OR 97201
7,500 SF office building in Goose Hollow neighborhood.
Property Size7,500 SF
Price / SF$186.67
Days on Market163
Property Features for 1430 Southwest Clay Street
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Office
Zoning
RM3
Building Details
Building Size
7,500 SF
Year Built
1970
Listing Agency:
Macadam Forbes
Listed By:
Megan McElmurry · License #OR #201210648
(503) 972-7274
Source:
Macadamforbes
Added: May 14
Changed: Oct 14
Last Checked: Oct 20 at 7:00PM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,085
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,941,700
$1.9M
Cap Rate 7%
$1,386,929
$1.4M
Cap Rate 9%
$1,078,722
$1.1M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$171.0K $22.80/SF
− Vacancy
−$41.6K −$5.54/SF
EGI
$129.4K $17.26/SF
− OpEx
−$32.4K −$4.31/SF
NOI
$97.1K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,941,700
Cap Rate 7%
$1,386,929
Cap Rate 9%
$1,078,722
Alternative Uses
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 authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,788
Businesses Nearby
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Business Placement
Demographics for 97201, OR
17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
Median Home Value
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
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.
