Renovated Mixed-Use Space in
1715 NW 17th Ave, Portland, OR 97209
Available mixed-use space in a highly walkable Portland neighborhood.
Type:Office / Flex / Retail
Property size:
68,767 SFPrice / SF:
$167/SF- Added:
- Nov 25, 2025
- Days on Market:
- 178
- Last Refresh:
- Apr 5 at 8:27 pm
Property Features for 1715 NW 17th Ave
General Information
- Standard status
- Active
- Size
- 68,767 SF
- Property subtype
- Office / Flex / Retail
Building Details
- Year Built
- 2020
Listing agent Don Ossey, SIOR License #201233429 (503) 542-4344
Listing office Capacity Commercial Group (503) 542-4344
Listing date Nov 25, 2025
Source Corfac
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 Capacity Commercial Group
HighLights
- Completely renovated in 2020 with new windows, skylights, polished concrete floors, and seismic upgrades.
- Prime location in Portland's NW Close‑In with a high walk score of 98.
- 68,767 SF of mixed‑use space divisible to 34,383 SF.
- Strong mixed‑use infrastructure with high visibility and signage opportunities on NW 17th.
- Close proximity to major highways (I‑405 and Hwy 30) and downtown via the Freemont Bridge.
- Reinforced concrete and mass timber construction with oversized windows for abundant light.
Overview
This mixed-use space offers 68,767 square feet, divisible to 34,383 square feet, in Portland’s Northwest close-in area. The property is situated in a highly walkable neighborhood with a Walk Score of 98, benefiting from strong mixed-use infrastructure that includes retail, office, and residential elements. This infrastructure captures both local and broader traffic. The location provides convenient access to major highways, including I-405 and Highway 30, as well as downtown via the Fremont Bridge. Northwest 17th Avenue is a prominent corridor, offering high visibility and signage opportunities. The area features strong residential density and mixed-use, supporting both daytime and evening activity with a diverse base of amenities. It also offers convenient regional access suitable for light manufacturing, trades, or service-based businesses. The property was completely renovated in 2020, featuring new windows and skylights, polished concrete floors, and seismic upgrades. Constructed with reinforced concrete and mass timber, the space includes a second-story deck and oversized windows that allow for abundant light, creating a highly collaborative work environment. Bike storage is available. Nearby highlights include Aviation American Gin, Emerald Line, Fullerton Wines, Globe Lighting Supply, Inn at Northrup Station, LA Fitness, New Seasons, Ranch Pizza, The Triple Lindy, and YogaSix Slabtown.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$9.89M
NOI $890,168 @ 9.00% cap · cautious / downside scenario
Moderate
$12.72M
NOI $890,168 @ 7.00% cap · market / base-case scenario
Aggressive
$17.80M
NOI $890,168 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.57M | $22.80 |
| − Vacancy | −$381.0k | −$5.54 |
| EGI | $1.19M | $17.26 |
| − OpEx | −$296.7k | −$4.31 |
| NOI | $890.2k | $12.94 |
68,767 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$12.72M
$11.13M – $14.84M
NOI $890,168 @ 7.0% cap · market cap 7.74%
Second Best
Retail
$11.45M
$10.02M – $13.36M
NOI $801,479 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$19.31M
$16.90M – $22.53M
NOI $1,351,803 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Woodblock Chocolate
Specialty Food Shop
Willoughby Group
Building Supply
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.649
- Latitude
- 45.5355
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Available mixed-use space in a highly walkable Portland neighborhood.
Where is this office units located?
The property is located at 1715 NW 17th Ave Portland, OR.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Completely renovated in 2020 with new windows, skylights, polished concrete floors, and seismic upgrades.; **Prime location in Portland's NW Close‑In with a high walk score of 98.**; 68,767 SF of mixed‑use space divisible to 34,383 SF.
