Retail Space on Ankeny
For Sale
$625,000
1912-1918 SE Ankeny St, Portland, OR 97214
Retail property with 4572 square feet of space.
Property Size4,572 SF
Price / SF$136.70
Days on Market147
Property Features for 1912-1918 SE Ankeny St
General Information
Standard status
Active
Size
4,572 SF
Property subtype
Retail
Building Details
Year Built
1898
Listing Agency:
Kidder Mathews - Portland
(503) 721-2737
Listed By:
Grant Guernsey · License #201230551
(503) 721-2737
Source:
Kidder
Added: Mar 8
Changed: Jul 10
Last Checked: Mar 26 at 9:48AM
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 Kidder Mathews - Portland
Investment Insights
Based on property information with market context.
This commercial real estate property features 4572 square feet of retail space. Located on SE Ankeny Street in Portland, Oregon, the property is suitable for retail use.
Key Highlights
- 4572 square feet of retail space.
- Retail property.
- Built in 1898.
Financial Insights For Retail
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 | $82.3k | $18.00 |
| − Vacancy | −$6.2k | −$1.35 |
| EGI | $76.1k | $16.65 |
| − OpEx | −$22.8k | −$5.00 |
| NOI | $53.3k | $11.66 |
4,572 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$761.2K
$666.1K – $888.1K
NOI $53,287 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,875 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
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?
Retail space - Retail property with 4572 square feet of space.
Where is this retail space located?
The property is located at 1912-1918 SE Ankeny St Portland, OR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4572 square feet of retail space.; Retail property.; Built in 1898.
