Dental Office on Stark
For Sale
$524,000
15012 SE STARK, Portland, OR 97233
Well-appointed dental office with high visibility and ample parking.
Property Size1,084 SF
Price / SF$483.39
Days on Market558
Property Features for 15012 SE STARK
General Information
Standard status
Active
Size
1,084 SF
Site & Location
Neighborhood
Centennial Community Association
Taxes and HOA fees
Annual Taxes
$5,065
Building Details
Year Built
1967
Listing Agency:
RICH STARK REALTY
Listed By:
RICH STARK · License #200808119
(503) 577-2351
Source:
Corcoran
Added: Apr 24, 2025
Changed: Mar 16
Last Checked: Jul 21 at 3:28PM
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 RICH STARK REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a well-maintained dental office located in mid-county, offering good visibility and access along Stark Street, which benefits from high traffic counts. The property includes ample off-street parking. The layout is currently configured for two operatories with significant storage space, with potential for the addition of a third operating room. The property contains 1,084 square feet. The tenant is scheduled to vacate in April 2025. This space is suitable for a new practice or start-up.
Key Highlights
- High visibility and access on Stark St with high traffic counts.
- Well‑maintained dental office space.
- Plenty of off‑street parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,797
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,940
$315.9K
Cap Rate 7%
$225,671
$225.7K
Cap Rate 9%
$175,522
$175.5K
Market Conditions
NOI Build-Up for 1,084 SF
Gross rent
$28.6K $26.40/SF
− Vacancy
−$2.3K −$2.11/SF
EGI
$26.3K $24.29/SF
− OpEx
−$10.5K −$9.72/SF
NOI
$15.8K $14.57/SF
Area
Portland, OR
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,940
Cap Rate 7%
$225,671
Cap Rate 9%
$175,522
Alternative Uses
Best Use
Healthcare Medical
$225.7K
$197.5K – $263.3K
NOI $15,797 @ 7.0% cap · market cap 3.01%
Second Best
Office B
$200.5K
$175.4K – $233.9K
NOI $14,032 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$304.4K
$266.4K – $355.2K
NOI $21,309 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97233, OR
41,625
Population
14,844
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
9,049
Density / Sq Mi
$54,886
Median Household Income
$37,216
Median Earnings
$1,352
Median Rent
$385,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Portland, OR
Similar Off Market Nearby
- VCA Southeast Portland Animal Hospital — 13830 SE Stark St, Portland, OR 97233
- Jennifer Holmes — 13830 SE Stark St, Portland, OR 972331857
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-appointed dental office with high visibility and ample parking.
Where is this medical office space located?
The property is located at 15012 SE STARK Portland, OR.
What is the asking price?
The asking price for this property is $524,000.
What are key features of this property?
This property features: High visibility and access on Stark St with high traffic counts.; Well‑maintained dental office space.; Plenty of off‑street parking.
