Office Building For
For Sale
$785,000
1832 N Lombard St, Portland, OR 97217
Commercial office property available for sale at 1832 N Lombard St in Portland, Oregon.
Property Size1,836 SF
Days on Market93
Property Features for 1832 N Lombard St
General Information
Standard status
Active
Size
1,836 SF
Class
B
Property subtype
Office
Building Details
Building Size
1,836 SF
Year Built
1925
Listing Agency:
Norris & Stevens
Listed By:
Tim Pfeiffer · License #–201204213
(503) 225-8455
Source:
Tcnworldwide
Added: Jul 9
Changed: Oct 7
Last Checked: Oct 7 at 9:59AM
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 Norris & Stevens
Investment Insights
Based on property information with market context.
This commercial office property is offered for sale at 1832 N Lombard St in Portland, Oregon. The offering is categorized as an office building/office space, positioned to serve professional office users.
The public remarks list a sale price of $785,000. Beyond the transaction details and property type, no additional building specifications, interior features, or site characteristics were provided in the available information.
The public remarks list a sale price of $785,000. Beyond the transaction details and property type, no additional building specifications, interior features, or site characteristics were provided in the available information.
Key Highlights
- Commercial office property for sale at 1832 N Lombard St in Portland, Oregon
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,766
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,320
$475.3K
Cap Rate 7%
$339,514
$339.5K
Cap Rate 9%
$264,067
$264.1K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$41.9K $22.80/SF
− Vacancy
−$10.2K −$5.54/SF
EGI
$31.7K $17.26/SF
− OpEx
−$7.9K −$4.31/SF
NOI
$23.8K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,320
Cap Rate 7%
$339,514
Cap Rate 9%
$264,067
Alternative Uses
Best Use
Office B
$339.5K
$297.1K – $396.1K
NOI $23,766 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$515.6K
$451.2K – $601.5K
NOI $36,092 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
What type of property is this?
Office building - Commercial office property available for sale at 1832 N Lombard St in Portland, Oregon.
Where is this office building located?
The property is located at 1832 N Lombard St Portland, OR.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Commercial office property for sale at 1832 N Lombard St in Portland, Oregon; Built in 1925
