Award-Winning Flex Building For
For Sale
$3,302,611
2110 Southeast 82nd Avenue, Portland, OR 97216
Flex building with functional garage doors and mezzanine level.
Property Size18,682 SF
Lot Size0.72 Acres
Price / SF$176.78
Days on Market199
Property Features for 2110 Southeast 82nd Avenue
General Information
Standard status
Active
Size
18,682 SF
Lot size
0.72 Acres
Property subtype
FlexIndustrial
Listing Agency:
CBRE | Portland
Listed By:
Brian Norton
(503) 221-4871
Source:
Cbre
Added: Mar 25
Changed: Oct 8
Last Checked: Oct 7 at 9:40AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Award‑winning design by LEVER Architecture.
- Visible and easily‑traveled location.
- Expansive 18,682 SF flex building suitable for owner/users and investors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,727
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,794,540
$3.8M
Cap Rate 7%
$2,710,386
$2.7M
Cap Rate 9%
$2,108,078
$2.1M
Market Conditions
NOI Build-Up for 18,682 SF
Gross rent
$313.9K $16.80/SF
− Vacancy
−$22.0K −$1.18/SF
EGI
$291.9K $15.62/SF
− OpEx
−$102.2K −$5.47/SF
NOI
$189.7K $10.16/SF
Area
Portland, OR
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,794,540
Cap Rate 7%
$2,710,386
Cap Rate 9%
$2,108,078
Alternative Uses
Best Use
Flex RnD
$2.71M
$2.37M – $3.16M
NOI $189,727 @ 7.0% cap · market cap 5.74%
Second Best
Industrial
$1.68M
$1.47M – $1.95M
NOI $117,257 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$5.25M
$4.59M – $6.12M
NOI $367,246 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97216, OR
17,488
Population
7,235
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
6,995
Density / Sq Mi
$71,951
Median Household Income
$42,537
Median Earnings
$1,390
Median Rent
$439,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
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Similar Off Market Nearby
- Homage Industrial Kitchen Catering — 8204 SE Powell Blvd B, Portland, OR 97266
Frequently Asked Questions
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 $3,302,611.
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.
