Retail Opportunity in Alberta
For Sale
Contact for pricing
1701 NE Alberta St, Portland, OR
Retail property in a high-traffic, walkable Portland neighborhood.
Property Size3,447 SF
Lot Size0.11 Acres
Price / SF$319.12
Days on Market430
Property Features for 1701 NE Alberta St
General Information
Standard status
Active
Size
3,447 SF
Lot size
0.11 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Vernon
Listing Agency:
Urban Works Real Estate
(503) 228-3080
Listed By:
Kia Hartley
(503) 228-3209
Source:
Moodyscre
Added: Aug 29, 2025
Changed: Oct 26
Last Checked: Nov 1 at 8:47AM
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 Urban Works Real Estate
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 retail property is situated in the heart of the Alberta retail core, a busy neighborhood in Portland. The location benefits from dense residential and commercial development, creating a walkable and bike-friendly environment. The property offers an opportunity for an owner/user or investor. A Phase 1 Environmental Site Assessment (ESA) was completed in 2021, with no contamination detected at that time. The property size is 3,447 square feet.
Key Highlights
- Located in the heart of the Alberta retail core, one of Portland’s busiest neighborhoods.
- Owner / User or Investment opportunity.
- Surrounded by dense residential and commercial development.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,175
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,500
$803.5K
Cap Rate 7%
$573,929
$573.9K
Cap Rate 9%
$446,389
$446.4K
Market Conditions
NOI Build-Up for 3,447 SF
Gross rent
$62.0K $18.00/SF
− Vacancy
−$4.7K −$1.35/SF
EGI
$57.4K $16.65/SF
− OpEx
−$17.2K −$5.00/SF
NOI
$40.2K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,500
Cap Rate 7%
$573,929
Cap Rate 9%
$446,389
Alternative Uses
Best Use
Retail
$573.9K
$502.2K – $669.6K
NOI $40,175 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$968.0K
$847.0K – $1.13M
NOI $67,760 @ 7.0% cap · market cap 6.16%
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
1,147
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Portland, OR
Frequently Asked Questions
What type of property is this?
Retail space - Retail property in a high-traffic, walkable Portland neighborhood.
Where is this retail space located?
The property is located at 1701 NE Alberta St Portland, OR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Located in the heart of the Alberta retail core, one of Portland’s busiest neighborhoods.; Owner / User or Investment opportunity.; Surrounded by dense residential and commercial development.
