Flex Space with Dock & Grade
For Sale
Contact for pricing
2105 SE 7th Ave, Portland, OR 97214
Multi-tenant flex space with HVAC throughout, dock and grade-level loading, and separate off-street parking for each tenant.
Property Size17,167 SF
Lot Size0.69 Acres
Price / SF$200.97
Days on Market14
Property Features for 2105 SE 7th Ave
General Information
Standard status
Active
Size
17,167 SF
Lot size
0.69 Acres
Property subtype
INDUSTRIAL
Additional Details
Conditioned Warehouse
Yes
Building Details
Building Size
17,167 SF
Tenancy
Multi
Listing Agency:
Macadam Forbes
(503) 972-7281
Listed By:
Rod Brokenshire · License ##860500161
Source:
Moodyscre
Added: Jul 20
Changed: Jul 30
Last Checked: Aug 2 at 5:27AM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This multi-tenant flex space investment includes 17,167 SF of building area on a 30,000 SF land parcel, arranged as three distinct spaces. HVAC is provided throughout, and each tenant space is supported by dock and grade-level loading.
The property is set up for independent operations with off-street parking, including a separate parking lot for each tenant. In addition, 7,140 SF is currently leased, while the remaining spaces are available for immediate occupancy by an owner-user or tenant.
Located in Portland’s Central Eastside, the property offers a flexible industrial layout suited to a range of creative industrial uses that benefit from both dock and drive-in loading.
The property is set up for independent operations with off-street parking, including a separate parking lot for each tenant. In addition, 7,140 SF is currently leased, while the remaining spaces are available for immediate occupancy by an owner-user or tenant.
Located in Portland’s Central Eastside, the property offers a flexible industrial layout suited to a range of creative industrial uses that benefit from both dock and drive-in loading.
Key Highlights
- 17,167 SF building on 30,000 SF land
- Three distinct multi‑tenant spaces
- HVAC throughout
Financial Insights For Flex RnD
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 | $288.4k | $16.80 |
| − Vacancy | −$20.2k | −$1.18 |
| EGI | $268.2k | $15.62 |
| − OpEx | −$93.9k | −$5.47 |
| NOI | $174.3k | $10.16 |
17,167 SF · lease $16.80/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.49M
$2.18M – $2.91M
NOI $174,341 @ 7.0% cap · market cap 5.05%
Second Best
Warehouse
$1.87M
$1.64M – $2.18M
NOI $130,837 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$4.82M
$4.22M – $5.62M
NOI $337,464 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,190
Businesses Nearby
Well-served
Demand for This Use
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
Properties on Market for Flex space in Washington County
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant flex space with HVAC throughout, dock and grade-level loading, and separate off-street parking for each tenant.
Where is this flex space located?
The property is located at 2105 SE 7th Ave Portland, OR.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 17,167 SF building on 30,000 SF land; Three distinct multi‑tenant spaces; HVAC throughout
