Two-Level Office
For Sale
$939,000
Pending
16742 Se Division St, Portland, OR 97236
Corner-lot commercial property with a main-level kitchen and upgraded restrooms.
Property Size3,960 SF
Days on Market92
Property Features for 16742 Se Division St
General Information
Standard status
Pending
Size
3,960 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1974
Stories
2
Listing Agency:
RealEstatePDX.com
Listed By:
Harlan Mayer
(503) 287-8989
Source:
Teamgillott
Added: Jul 7
Changed: Oct 1
Last Checked: Oct 5 at 7:11PM
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 RealEstatePDX.com
Investment Insights
Based on property information with market context.
Built in 1974, this 3,960-square-foot office building includes two levels that can support separate tenant configurations or an owner-occupied layout. The main floor includes a kitchen, and the property features upgraded bathrooms.
Positioned on a corner lot at 16742 SE Division in Portland, the building offers a flexible commercial setting for ownership or leasing. Its two-level arrangement provides practical separation for distinct occupants while retaining a single office asset.
Positioned on a corner lot at 16742 SE Division in Portland, the building offers a flexible commercial setting for ownership or leasing. Its two-level arrangement provides practical separation for distinct occupants while retaining a single office asset.
Key Highlights
- 3,960‑square‑foot office building constructed in 1974
- Two‑level layout can accommodate separate tenant configurations
- Corner lot at 16742 SE Division, Portland, OR 97236
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,261
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,025,220
$1.0M
Cap Rate 7%
$732,300
$732.3K
Cap Rate 9%
$569,567
$569.6K
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$90.3K $22.80/SF
− Vacancy
−$21.9K −$5.54/SF
EGI
$68.3K $17.26/SF
− OpEx
−$17.1K −$4.31/SF
NOI
$51.3K $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%
$1,025,220
Cap Rate 7%
$732,300
Cap Rate 9%
$569,567
Alternative Uses
Best Use
Office B
$732.3K
$640.8K – $854.4K
NOI $51,261 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$973.1K – $1.30M
NOI $77,845 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
533
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Corner-lot commercial property with a main-level kitchen and upgraded restrooms.
Where is this office building located?
The property is located at 16742 Se Division St Portland, OR.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: 3,960‑square‑foot office building constructed in 1974; Two‑level layout can accommodate separate tenant configurations; Corner lot at 16742 SE Division, Portland, OR 97236
