Powell Valley Flexible Commercial
For Sale
Contact for pricing
16521 SE Powell Blvd, Portland, OR 97236
Versatile commercial building in Powell Valley, ideal for owner-users.
Property Size2,572 SF
Lot Size0.23 Acres
Price / SF$291.60
Days on Market839
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
Zoning
RM1
Occupancy
100%
Building Details
Year Built
1926
Buildings
1
Tenancy
Single
Listing Agency:
Keller Williams Commercial Portland
Listed By:
Heather Miller · License #201212192
(503) 548-4848
Source:
Crexi
Added: May 22, 2024
Changed: Aug 16
Last Checked: Sep 7 at 6:22AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,722
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$694,440
$694.4K
Cap Rate 7%
$496,029
$496.0K
Cap Rate 9%
$385,800
$385.8K
Market Conditions
NOI Build-Up for 2,572 SF
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.
Gross rent
$61.7K $24.00/SF
− Vacancy
−$6.2K −$2.40/SF
EGI
$55.6K $21.60/SF
− OpEx
−$20.8K −$8.10/SF
NOI
$34.7K $13.50/SF
Area
Portland, OR
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$694,440
Cap Rate 7%
$496,029
Cap Rate 9%
$385,800
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 97236, OR
40,193
Population
13,736
Households
2.9
Avg Household Size
36
Median Age
21%
College-Educated
81%
High-School Grad
7.7 sq mi
ZIP Area
5,220
Density / Sq Mi
$68,582
Median Household Income
$38,131
Median Earnings
$1,436
Median Rent
$414,400
Median Home Value
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
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.
