Office Building with Built-Out
1818 NE Irving St Portland, OR 97232
1818 NE Irving St, Portland, OR, 97232
$750,000
For Sale
$750,000
Operating office building with an existing office build-out totaling approximately 2,824 SF.
Property Size2,824 SF
Price / SF$265.58
Days on Market69
Property Features for 1818 NE Irving St
General Information
- Standard status
- Active
- Size
- 2,824 SF
- Property subtype
- Office
Listing agency
Capacity Commercial Group
(503) 222-2655
Listed by
Nicholas Diamond · License #OR #200403266
Source
Corfac
Added: May 14 Updated: Jul 21 at 12:54AM Checked: Jul 21 at 5:34AM
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
Investment Insights
Based on property information with market context.
This ±2,824 SF office building includes an existing office build-out and is currently operating as an office property. The configuration is suited for owner-user occupancy and can also serve as an income-oriented investment opportunity, depending on the buyer’s objectives.
Located in Northeast Portland’s Kerns neighborhood, the property benefits from a convenient, easily accessible setting along a vibrant commercial corridor. It is within walking distance to restaurants and retailers, supporting daily amenity access for employees and clients.
For buyers seeking a turn-key office setup with built-out interior space already in place, this property offers a straightforward foundation for continued office use in an established inner-Northeast business area.
Located in Northeast Portland’s Kerns neighborhood, the property benefits from a convenient, easily accessible setting along a vibrant commercial corridor. It is within walking distance to restaurants and retailers, supporting daily amenity access for employees and clients.
For buyers seeking a turn-key office setup with built-out interior space already in place, this property offers a straightforward foundation for continued office use in an established inner-Northeast business area.
Key Highlights
- Operating office building with an existing office build‑out totaling approximately 2,824 SF
- Building is currently operating as an office building
- Convenient, easily accessible location in NE Portland
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.4k | $22.80 |
| − Vacancy | −$15.6k | −$5.54 |
| EGI | $48.7k | $17.26 |
| − OpEx | −$12.2k | −$4.31 |
| NOI | $36.6k | $12.94 |
2,824 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$522.2K
$457.0K – $609.3K
NOI $36,556 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$793.0K
$693.9K – $925.2K
NOI $55,513 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Purcell Janet PHD
Physician
Relationship Centered Counseling
Crisis Center
Daniel Hofmann Counseling, ...
Counselor
Tracey Hoffman, PsyD
Physician
Smith Rebekah PHD
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Operating office building with an existing office build-out totaling approximately 2,824 SF.
Where is this office building located?
The property is located at 1818 NE Irving St Portland, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Operating office building with an existing office build‑out totaling approximately 2,824 SF; Building is currently operating as an office building; Convenient, easily accessible location in NE Portland
