Storefront Property with Two
For Sale
$699,000
17641 SE Stark St, Portland, OR 97233
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 Market101
Property Features for 17641 SE Stark St
General Information
Standard status
Active
Size
2,060 SF
Total Parking Spaces
12
Lot size
0.18 Acres
Property subtype
Commercial
Zoning
CMU
Additional Details
Asking Price
$740,000
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,428
Building Details
Building Size
2,060 SF
Year Built
1979
Listing Agency:
Think Commercial LLC
(503) 679-9243
Listed By:
Hope Beraka · License #200603056
(503) 679-9243
Source:
Metanars
Added: May 1
Changed: Aug 4
Last Checked: Aug 9 at 1:44PM
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
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 = 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
$24,009
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
3.43%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
