Mixed-Use Building with Finished
For Sale
Contact for pricing
2105 Southeast Ochoco Street, Portland, OR 97222
EG2-zoned property offers office, retail, and residential use potential near Sellwood and Highway 99E.
Property Size2,164 SF
Lot Size0.17 Acres
Price / SF$332.72
Days on Market11
Property Features for 2105 Southeast Ochoco Street
General Information
Standard status
Active
Size
2,164 SF
Lot size
0.17 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
EG2
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Asking Price
$720,000
Building Details
Buildings
1
Building Size
2,164 SF
Listing Agency:
Cloud City Realty
Listed By:
JJ Hewitt · License #201231452
Source:
Crexi
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 6 at 4:15AM
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 Cloud City Realty
Investment Insights
Based on property information with market context.
This mixed-use property includes a 2,164-square-foot building on a 0.17-acre parcel, with office, retail, and residential use potential under EG2 zoning. Improvements include a newly finished basement, fenced and landscaped grounds, storage, and a security system. Recent work includes a new 200-amp electrical panel with connections prepared for a second panel, updated electrical components, a new water main, lower-level Marvin windows, and a Rheem 50-gallon gas water heater. A Trane gas furnace with AC provides heating and cooling.
The property is located near Sellwood in SE Portland, close to Highway 99E and Milwaukie. The site also includes an additional tax lot identified for development, creating a separate land component within the offering. Local shops, dining, parks, and everyday amenities are nearby, with access to Portland's urban core and surrounding areas.
The property is located near Sellwood in SE Portland, close to Highway 99E and Milwaukie. The site also includes an additional tax lot identified for development, creating a separate land component within the offering. Local shops, dining, parks, and everyday amenities are nearby, with access to Portland's urban core and surrounding areas.
Key Highlights
- 2,164‑square‑foot building on a 0.17‑acre parcel
- EG2 zoning with office, retail, and residential use potential
- Additional tax lot included for development
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
$29,214
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
4.06%
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%
$584,280
$584.3K
Cap Rate 7%
$417,343
$417.3K
Cap Rate 9%
$324,600
$324.6K
Market Conditions
NOI Build-Up for 2,164 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
$51.9K $24.00/SF
− Vacancy
−$5.2K −$2.40/SF
EGI
$46.7K $21.60/SF
− OpEx
−$17.5K −$8.10/SF
NOI
$29.2K $13.50/SF
Area
Portland, OR
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$584,280
Cap Rate 7%
$417,343
Cap Rate 9%
$324,600
Alternative Uses
Best Use
Mixed Use
$417.3K
$365.2K – $486.9K
NOI $29,214 @ 7.0% cap · market cap 4.06%
Second Best
Office B
$400.2K
$350.2K – $466.9K
NOI $28,012 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$607.7K
$531.7K – $709.0K
NOI $42,539 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
Explore this area
Business Placement
Demographics for 97222, OR
36,316
Population
16,910
Households
2.1
Avg Household Size
41
Median Age
38%
College-Educated
95%
High-School Grad
8.6 sq mi
ZIP Area
4,223
Density / Sq Mi
$77,441
Median Household Income
$48,298
Median Earnings
$1,592
Median Rent
$465,100
Median Home Value
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - EG2-zoned property offers office, retail, and residential use potential near Sellwood and Highway 99E.
Where is this mixed-use property located?
The property is located at 2105 Southeast Ochoco Street Portland, OR.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 2,164‑square‑foot building on a 0.17‑acre parcel; EG2 zoning with office, retail, and residential use potential; Additional tax lot included for development
