Retail/Office Building with
2150 NE 82nd Ave, Portland, OR 97220
For Sale
$595,000
2,020 SF building on 0.22 acres with parking.
Property Size2,020 SF
Lot Size0.22 Acres
Price / SF$294.55
Days on Market232
Property Features for 2150 NE 82nd Ave
General Information
Standard status
Size
Class
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Listing Agency:
Capacity Commercial Group
Listed By:
Nicholas Diamond · License WA #25460
(503) 222-2655
Source:
Capacitycommercial
Added: Mar 27
Changed: Nov 12
Last Checked: Nov 12 at 6:28AM
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 Capacity Commercial Group
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Investment Insights
Based on property information with market context.
This commercial property features a 2,020-square-foot building situated on a 0.22-acre lot. The property is zoned CE - Commercial Employment. It includes 12 parking spaces and pylon signage. The current tenant operates on a month-to-month lease. The property is suitable for retail or office use.
Key Highlights
- Pylon signage available
- On‑site parking with 12 spaces
- 0.22 acre (9,376 SF) land area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,148
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,960
$523.0K
Cap Rate 7%
$373,543
$373.5K
Cap Rate 9%
$290,533
$290.5K
Market Conditions
NOI Build-Up for 2,020 SF
Gross rent
$46.1K $22.80/SF
− Vacancy
−$11.2K −$5.54/SF
EGI
$34.9K $17.26/SF
− OpEx
−$8.7K −$4.31/SF
NOI
$26.1K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,960
Cap Rate 7%
$373,543
Cap Rate 9%
$290,533
Alternative Uses
Best Use
Office B
$373.5K
$326.9K – $435.8K
NOI $26,148 @ 7.0% cap · market cap 4.39%
Second Best
Retail
$336.3K
$294.3K – $392.4K
NOI $23,543 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$567.3K
$496.4K – $661.8K
NOI $39,709 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
474
Businesses Nearby
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Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Portland, OR
Properties on Market for Retail space in Portland
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Retail space - 2,020 SF building on 0.22 acres with parking.
Where is this retail space located?
The property is located at 2150 NE 82nd Ave Portland, OR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Pylon signage available; On‑site parking with 12 spaces; 0.22 acre (9,376 SF) land area
