Powell Valley Flexible Commercial
16521 SE Powell Blvd Portland, OR 97236
16521 SE Powell Blvd, Portland, OR, 97236
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For Sale
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Versatile commercial building in Powell Valley, ideal for owner-users.
Property Size2,572 SF
Lot Size0.23 Acres
Price / SF$291.60
Days on Market792
Property Features for 16521 SE Powell Blvd
General Information
- Standard status
- Active
- Size
- 2,572 SF
- Lot size
- 0.23 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1926
Listing agency
Keller Williams Commercial Portland
(503) 548-4848
Listed by
Heather Miller · License #201212192
Source
Crexi
Added: May 22, 2024 Updated: Jul 10 at 3:41PM Checked: Jul 19 at 7:49AM
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 Commercial Portland
Investment Insights
Based on property information with market context.
This flexible commercial building, totaling 2,572 square feet, presents an ideal owner/user opportunity in the desirable Powell Valley neighborhood. Situated on a 0.23-acre (10,205 SF) lot, the property is zoned for Conditional Use Permit for Office Use and is currently used as an insurance agency. The main level, encompassing 936 square feet, features a lobby/reception area, one private office (with potential for up to 3 offices), a dedicated conference/meeting/co-working area, a full kitchen with breakroom/nook, and one full bathroom. The upper level, spanning 700 square feet, includes two offices/private rooms, a reading nook or storage area, and one half bathroom with hardwood floors throughout. The basement level, also 936 square feet and with separate exterior access, offers two offices/private rooms, one open/co-working or flex space, a full kitchen, a full bathroom, a laundry room, and a storage area. The versatile layout is suited for multi-tenant or hybrid work models. Additional highlights include plenty of off-street parking, prominent street exposure, and monument signage opportunity. This property offers a strategic mix of residential charm and commercial functionality, ideal for small businesses seeking flexible workspace in a community-oriented setting. It presents an excellent opportunity for a daycare or pre-school, live/work setup, professional office or counseling services, or a creative studio or co-working use.
Key Highlights
- Flexible commercial building in desirable Powell Valley neighborhood suitable for owner/user or multi‑tenant occupancy.
- Versatile layout ideal for daycare/pre‑school, live/work, professional office, or creative studio.
- 2,572 SF building with main level, upper level, and basement, each offering unique features and access.
Local Financial Insights For Mixed Use
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 | $61.7k | $24.00 |
| − Vacancy | −$6.2k | −$2.40 |
| EGI | $55.6k | $21.60 |
| − OpEx | −$20.8k | −$8.10 |
| NOI | $34.7k | $13.50 |
2,572 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$496.0K
$434.0K – $578.7K
NOI $34,722 @ 7.0% cap · market cap 4.63%
Second Best
Office B
$475.6K
$416.2K – $554.9K
NOI $33,294 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$722.3K
$632.0K – $842.7K
NOI $50,560 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Julia Bodine - State ...
Insurance Agency
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FAQs
What type of property is this?
Mixed-use property - Versatile commercial building in Powell Valley, ideal for owner-users.
Where is this mixed-use property located?
The property is located at 16521 SE Powell Blvd Portland, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Flexible commercial building in desirable Powell Valley neighborhood suitable for owner/user or multi‑tenant occupancy.; Versatile layout ideal for daycare/pre‑school, live/work, professional office, or creative studio.; 2,572 SF building with main level, upper level, and basement, each offering unique features and access.
