Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Award-Winning Flex Building For Sale Title is generated by Realmo AI

    2110 Southeast 82nd Avenue, Portland, OR 97216

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,300,000

    Flex building with functional garage doors and mezzanine level.

    Type:FlexIndustrial
    Property size:
    18,682 SF
    Lot size:
    0.72 Acres
    Price / SF:
    $230/SF
    Added:
    Mar 25, 2026
    Days on Market:
    58
    Last Refresh:
    Mar 18 at 9:17 am

    Property Features for 2110 Southeast 82nd Avenue

    General Information

    Standard status
    Active
    Size
    18,682 SF
    Lot size
    0.72 Acres
    Property subtype
    FlexIndustrial

    We can help!

    Listing Contact
    Brian Norton
    Brian Norton

    Listing agent Brian Norton

    Listing office CBRE | Portland

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE | Portland

    HighLights

    • Award‑winning design by LEVER Architecture.
    • Visible and easily‑traveled location.
    • Expansive 18,682 SF flex building suitable for owner/users and investors.
    • Wall of eight fully functional garage doors creating an open‑air environment.
    • Convenient access to I‑205 and I‑84.
    • Mezzanine level with a birds‑eye view.

    Overview

    This award-winning flex building, designed by LEVER Architecture, is located in a visible and easily-traveled location. The property offers possibilities for both owner/users and investors. A wall of eight fully functional garage doors allows for an open-air environment. The building features a soaring ceiling and a mezzanine level. Bike storage and showers are available. A surface parking lot provides accessibility. The building size is 18,682 square feet, situated on a 0.72-acre lot. The zoning is CS. The parking ratio is 1.66 spaces per 1,000 square feet. The property is located minutes from I-205 and I-84.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $2.69M
    NOI $241,833 @ 9.00% cap · cautious / downside scenario
    Moderate
    $3.45M
    NOI $241,833 @ 7.00% cap · market / base-case scenario
    Aggressive
    $4.84M
    NOI $241,833 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $425.9k $22.80
    − Vacancy −$103.5k −$5.54
    EGI $322.4k $17.26
    − OpEx −$80.6k −$4.31
    NOI $241.8k $12.94
    18,682 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $3.45M
    $3.02M – $4.03M (±1% cap)
    NOI $241,833 @ 7.0% cap · market cap 5.62%
    Second Best
    Flex RnD
    $2.71M
    $2.37M – $3.16M (±1% cap)
    NOI $189,727 @ 7.0% cap · market cap 4.41%
    Theoretical Best
    Office A
    $5.25M
    $4.59M – $6.12M (±1% cap)
    NOI $367,246 @ 7.0% cap · market cap 8.54%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    African Youth & Community ... Charitable Organization Cardinal Opioid Treatment Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Homage Industrial Kitchen Catering — 8204 SE Powell Blvd B, Portland, OR 97266

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.5781105
    Latitude
    45.5073622

    Nearby Similar for Sale

    • $899,000
      5,982 SF

      Versatile Commercial Property with Warehouse

      Mixed-use property featuring storefronts, restaurant, and warehouse space.
      1218 N Killingsworth Street, Portland, OR 97217
      View Details
    • $849,900
      3,207 SF

      Portland Triplex in Clinton-Division Neighborhood

      Fully leased triplex in a desirable, walkable Portland location.
      2735 SE CLINTON St, Portland, OR 97202
      View Details
    • $725,000
      3,892 SF

      North Portland Mixed-Use Triplex

      Cash-flowing triplex with commercial flexibility in a prime location.
      7521 N GLOUCESTER Ave N, Portland, OR 97203
      View Details
    • $799,999
      3,438 SF

      Classic Irvington Duplex with Income

      Spacious Portland duplex with market rents and further potential.
      1917 1919 NE 10TH Ave NE, Portland, OR 97212
      View Details
    • $680,000
      2,544 SF

      Portland Triplex in Prime Location

      Three-unit property near Ladd Circle Park, ideal for investment.
      1903 SE 12TH Ave, Portland, OR 97214
      View Details
    • $669,950
      3,012 SF

      Portland Duplex with Value-Add Potential

      Investor-ready duplex with below-market rents and long-term tenants.
      503 SE 157TH Ave, Portland, OR 97233
      View Details
    • $1,299,900
      6,076 SF

      Portland Duplex: Value-Add Opportunity

      Investor-ready duplex with value-add potential in Portland, Oregon.
      503 SE 157TH Ave, Portland, OR 97233
      View Details
    • $659,950
      3,064 SF

      Portland Duplex with Value-Add Potential

      Investor-ready duplex with value-add potential in Portland, Oregon.
      15650 SE STARK St, Portland, OR 97233
      View Details
    • $924,000
      3,182 SF

      Updated Home with ADU Income

      Updated home with ADU in walkable Johns Landing neighborhood.
      5816 S CORBETT Ave, Portland, OR 97239
      View Details
    • $649,900
      3,100 SF

      Rockwood Triplex Investment Opportunity

      Well-maintained triplex in Rockwood with strong rental potential.
      18220 SE PINE St, Portland, OR 97233
      View Details
    • $849,000
      3,576 SF

      Updated Four-Plex Near University

      Updated North Portland four-plex near University of Portland.
      7555 N PORTSMOUTH Ave, Portland, OR 97203
      View Details
    • $695,000
      3,406 SF

      Charming Fourplex in Buckman Neighborhood

      Vintage fourplex in Southeast Portland's desirable Buckman neighborhood.
      942 SE 16th Ave, Portland, OR 97214
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex building with functional garage doors and mezzanine level.
    Where is this flex space located?
    The property is located at 2110 Southeast 82nd Avenue Portland, OR.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: Award‑winning design by LEVER Architecture.; Visible and easily‑traveled location.; Expansive 18,682 SF flex building suitable for owner/users and investors.
    (503) 221-4871
    We can help!
    Listing Contact
    Brian Norton
    Brian Norton
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2110 Southeast 82nd Avenue, Portland, OR, 97216
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!