Auto Glass Repair
For Sale
Contact for pricing
1804 NE Broadway, Portland, OR 97232
Auto glass repair shop in walkable neighborhood with recent upgrades.
Property Size4,400 SF
Price / SF$375
Days on Market647
Property Features for 1804 NE Broadway
General Information
Standard status
Active
Size
4,400 SF
Class
A
Total Parking Spaces
8
Property subtype
Industrial, Retail, Special Purpose
Zoning
CS Storefront Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$81,991
Building Details
Year Built
1971
Year Renovated
2022
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Adler Commercial Properties
Listed By:
Angelene Adler · License #OR
Source:
Crexi
Added: Nov 13, 2024
Changed: Aug 8
Last Checked: Aug 21 at 11:10AM
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 Adler Commercial Properties
Investment Insights
Based on property information with market context.
This property is an auto glass repair shop located in a walkable neighborhood with heavy foot traffic and convenient access to public transportation. The building underwent several upgrades in 2022 and 2023, including the installation of a new warehouse heating system, a new electrical panel, an elastomeric roof covering, new roof drains and downspouts, and a new warehouse overhead door. Interior office flooring was updated, and the exterior was repainted in the Speedy Glass color scheme. In 2024, the parking lot was re-seal-coated and painted with new stripes. The property size is 4400 square feet.
Key Highlights
- Recent upgrades completed in 2022‑2024: new roof, heating system, electrical panel, flooring, paint, parking lot maintenance.
- High foot traffic location in a walkable neighborhood.
- Easy access to public transit.
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
$51,282
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
3.11%
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%
$1,025,640
$1.0M
Cap Rate 7%
$732,600
$732.6K
Cap Rate 9%
$569,800
$569.8K
Market Conditions
NOI Build-Up for 4,400 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
$79.2K $18.00/SF
− Vacancy
−$5.9K −$1.35/SF
EGI
$73.3K $16.65/SF
− OpEx
−$22.0K −$5.00/SF
NOI
$51.3K $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%
$1,025,640
Cap Rate 7%
$732,600
Cap Rate 9%
$569,800
Alternative Uses
Best Use
Retail
$732.6K
$641.0K – $854.7K
NOI $51,282 @ 7.0% cap · market cap 3.11%
Second Best
Industrial
$394.5K
$345.2K – $460.3K
NOI $27,617 @ 7.0% cap · market cap 1.67%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,494 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,790
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97232, OR
15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto glass repair shop in walkable neighborhood with recent upgrades.
Where is this auto shop located?
The property is located at 1804 NE Broadway Portland, OR.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Recent upgrades completed in 2022‑2024: **new roof, heating system, electrical panel, flooring, paint, parking lot maintenance.**; High foot traffic location in a walkable neighborhood.; Easy access to public transit.
