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15350 NE SANDY, Portland, OR 97230

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For Sale

$345,000

Live-work space

Type:Commercial

Property size:

1,464 SF

Lot size:

0.20 Acres

Price / SF:

$235/SF

HighLights

CM1 Zoning: Allows for a variety of commercial and residential uses, including live/work.
Live/Work Building: 1,464 SF building with separate lower level office/retail space and upper level living/studio space.
Excellent Location: Close proximity to I‑205, I‑84, Portland Airport, and Downtown Portland.
Parking: Includes 4 off‑street parking spaces with additional street parking available.
Visibility & Signage: Good visibility with monument signage opportunity on SE Sandy Blvd.
Greenspace: Surrounded by greenspace and Wilkes Park.

We can help!

Listing Contact

HEATHER MILLER

Learn more

For Sale

$345,000

Live-work space

Type:Commercial

Property size:

1,464 SF

Lot size:

0.20 Acres

Price / SF:

$235/SF

Added:: Apr 30, 2024
Days on Market:: 772
Last Refresh:: Apr 5 at 9:18 pm

Property Features for 15350 NE SANDY

General Information

Standard status: Active
Size: 1,464 SF
Lot size: 0.20 Acres
Property subtype: Commercial

Building Details

Year Built: 1967

We can help!

Listing Contact

HEATHER MILLER

Listing agent HEATHER MILLER

Listing office KELLER WILLIAMS PDX CENTRAL

Listing date Apr 30, 2024

Source Corcoran

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 KELLER WILLIAMS PDX CENTRAL

HighLights

CM1 Zoning: Allows for a variety of commercial and residential uses, including live/work.
Live/Work Building: 1,464 SF building with separate lower level office/retail space and upper level living/studio space.
Excellent Location: Close proximity to I‑205, I‑84, Portland Airport, and Downtown Portland.
Parking: Includes 4 off‑street parking spaces with additional street parking available.
Visibility & Signage: Good visibility with monument signage opportunity on SE Sandy Blvd.
Greenspace: Surrounded by greenspace and Wilkes Park.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$35.1k	$24.00
− Vacancy	−$3.5k	−$2.40
EGI	$31.6k	$21.60
− OpEx	−$11.9k	−$8.10
NOI	$19.8k	$13.50

1,464 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$282.3K

$247.1K – $329.4K (±1% cap)

NOI $19,764 @ 7.0% cap · market cap 5.73%

Second Best

Office B

$270.7K

$236.9K – $315.9K (±1% cap)

NOI $18,951 @ 7.0% cap · market cap 5.49%

Theoretical Best

Office A

$411.1K

$359.7K – $479.7K (±1% cap)

NOI $28,779 @ 7.0% cap · market cap 8.34%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Grant's Philly Cheesesteak Restaurant Wild West Emporium (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.504
Latitude: 45.5509

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For sale
Live-work space
OR
Portland
97230
15350 NE SANDY

Where is this live-work space located?

The property is located at 15350 NE SANDY Portland, OR.

What is the asking price?

The asking price for this property is $345,000.

What are key features of this property?

This property features: CM1 Zoning: Allows for a variety of commercial and residential uses, including live/work.; Live/Work Building: **1,464 SF building with separate lower level office/retail space and upper level living/studio space.**; Excellent Location: Close proximity to I‑205, I‑84, Portland Airport, and Downtown Portland.