Retail Property at Stark &
For Sale
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19010 SE Stark St, Portland, OR 97233
Retail property with high visibility at a signalized intersection.
Property Size5,400 SF
Price / SF$202.78
Days on Market447
Property Features for 19010 SE Stark St
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Retail
Lease Type
NNN
Listing Agency:
Kin Properties Inc
(914) 610-5193
Listed By:
Jeff Ross · License #FL
Source:
Crexi
Added: May 23, 2025
Changed: Aug 11
Last Checked: Aug 11 at 7:53PM
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 Kin Properties Inc
Investment Insights
Based on property information with market context.
This retail property is located at the signalized intersection of Stark Street and Burnside Street. The property benefits from excellent visibility and signage opportunities. Traffic volume at the intersection is approximately 36,000 vehicles per day. The property is currently operated as a meat market.
Key Highlights
- Signalized intersection at Stark & Burnside St.
- Excellent visibility
- 36K VPD (Vehicles Per Day)
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
$72,706
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
6.64%
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%
$1,454,120
$1.5M
Cap Rate 7%
$1,038,657
$1.0M
Cap Rate 9%
$807,844
$807.8K
Market Conditions
NOI Build-Up for 5,400 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
$103.7K $19.20/SF
− Vacancy
−$6.7K −$1.25/SF
EGI
$96.9K $17.95/SF
− OpEx
−$24.2K −$4.49/SF
NOI
$72.7K $13.46/SF
Area
Portland, OR
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,454,120
Cap Rate 7%
$1,038,657
Cap Rate 9%
$807,844
Alternative Uses
Best Use
Specialty Retail
$1.04M
$908.8K – $1.21M
NOI $72,706 @ 7.0% cap · market cap 6.64%
Second Best
Retail
$899.1K
$786.7K – $1.05M
NOI $62,937 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,152 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
Jack in the Box
Dining
8,228 visits/mo
0.1 miles
7-Eleven
Shops & Services
5,878 visits/mo
0.3 miles
El Cazador
Dining
5,252 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Similar Off Market Nearby
- Becerras International Grocery — 18929 E Burnside St, Portland, OR 97233
- Albertsons — 451 NE 181st Pl, Portland, OR 97230
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail property with high visibility at a signalized intersection.
Where is this grocery and convenience store located?
The property is located at 19010 SE Stark St Portland, OR.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Signalized intersection at Stark & Burnside St.; Excellent visibility; 36K VPD (Vehicles Per Day)
