Storefront Property with Two
17641 SE STARK ST, Portland, OR 97233
For Sale
$699,000
Commercial site includes a garage and sits along SE Stark near regional highways and transit service.
Property Size2,060 SF
Lot Size0.18 Acres
Days on Market195
Property Features for 17641 SE STARK ST
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Think Commercial LLC
Listed By:
Hope Beraka · License OR #200603056
(503) 679-9243
Source:
Eleeterealestate
Added: May 1
Changed: Nov 7
Last Checked: Nov 10 at 5:29PM
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 Think Commercial LLC
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Investment Insights
Based on property information with market context.
This commercial storefront property comprises two separate buildings and an additional garage on a 7,823 SF lot. The improvements date to 1979, offering a multi-structure configuration along SE Stark St for commercial occupancy or ownership use.
The property is positioned near I-205 and Highway 26, with access to the MAX Blue Line and frequent bus service. Downtown Gresham and Portland are identified as nearby destinations, while the site address places it on SE Stark St in Portland, Oregon. The combination of multiple buildings, a garage, transit access, and highway connectivity provides a practical commercial layout for evaluating the property.
The property is positioned near I-205 and Highway 26, with access to the MAX Blue Line and frequent bus service. Downtown Gresham and Portland are identified as nearby destinations, while the site address places it on SE Stark St in Portland, Oregon. The combination of multiple buildings, a garage, transit access, and highway connectivity provides a practical commercial layout for evaluating the property.
Key Highlights
- Two separate commercial buildings plus a garage
- 7,823 SF lot along SE Stark St
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,009
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,180
$480.2K
Cap Rate 7%
$342,986
$343.0K
Cap Rate 9%
$266,767
$266.8K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$37.1K $18.00/SF
− Vacancy
−$2.8K −$1.35/SF
EGI
$34.3K $16.65/SF
− OpEx
−$10.3K −$5.00/SF
NOI
$24.0K $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%
$480,180
Cap Rate 7%
$342,986
Cap Rate 9%
$266,767
Alternative Uses
Best Use
Retail
$343.0K
$300.1K – $400.2K
NOI $24,009 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$578.5K
$506.2K – $674.9K
NOI $40,495 @ 7.0% cap · market cap 5.79%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
5,878 visits/mo
0.5 miles
Demographics for 97233, OR
41,625
Population
14,844
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
9,049
Density / Sq Mi
$54,886
Median Household Income
$37,216
Median Earnings
$1,352
Median Rent
$385,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Portland, OR
Properties on Market for Storefront properties in Portland
Vacancy Rate% for Retail in Portland, OR
Similar Off Market Nearby
- Nick flower — 18340 SE Stark St, Portland, OR 97233
- Albertsons Floral — 451 NE 181st Ave, Portland, OR 97230
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial site includes a garage and sits along SE Stark near regional highways and transit service.
Where is this storefront property located?
The property is located at 17641 SE STARK ST Portland, OR.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two separate commercial buildings plus a garage; 7,823 SF lot along SE Stark St; Built in 1979
