Flex Space with Showroom
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For Sale
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217 SE Taylor St, Portland, OR 97214
Versatile commercial building suited to showroom, studio, light manufacturing, and warehouse operations.
Property Size20,000 SF
Price / SF$187.50
Days on Market3
Property Features for 217 SE Taylor St
General Information
Standard status
Active
Size
20,000 SF
Property subtype
INDUSTRIAL
Building Details
Buildings
1
Listing Agency:
Kidder Mathews
(503) 221-9900
Listed By:
David Hill · License #5247
(503) 724-3540
Source:
Moodyscre
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 1:59PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This 20,000-square-foot flex space supports several commercial formats, including showroom, studio, light manufacturing, and warehouse use. The building can accommodate businesses seeking a combination of display, production, and storage functions within one property.
The property is located at 217 SE Taylor St in Portland, across the Willamette River from the Portland CBD. It sits within the Hawthorne/Morrison Blocks, an area with furniture, home improvement, and construction-related businesses, along with restaurants and event venues.
The property is located at 217 SE Taylor St in Portland, across the Willamette River from the Portland CBD. It sits within the Hawthorne/Morrison Blocks, an area with furniture, home improvement, and construction-related businesses, along with restaurants and event venues.
Key Highlights
- 20,000‑square‑foot flex space
- Suitable for showroom, studio, light manufacturing, and warehouse uses
- 217 SE Taylor St, Portland, OR 97214
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
$233,100
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
6.22%
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%
$4,662,000
$4.7M
Cap Rate 7%
$3,330,000
$3.3M
Cap Rate 9%
$2,590,000
$2.6M
Market Conditions
NOI Build-Up for 20,000 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
$360.0K $18.00/SF
− Vacancy
−$27.0K −$1.35/SF
EGI
$333.0K $16.65/SF
− OpEx
−$99.9K −$5.00/SF
NOI
$233.1K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,662,000
Cap Rate 7%
$3,330,000
Cap Rate 9%
$2,590,000
Alternative Uses
Best Use
Retail
$3.33M
$2.91M – $3.89M
NOI $233,100 @ 7.0% cap · market cap 6.22%
Second Best
Flex RnD
$2.90M
$2.54M – $3.39M
NOI $203,112 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$5.62M
$4.91M – $6.55M
NOI $393,155 @ 7.0% cap · market cap 10.48%
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
6,737
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
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
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building suited to showroom, studio, light manufacturing, and warehouse operations.
Where is this flex space located?
The property is located at 217 SE Taylor St Portland, OR.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 20,000‑square‑foot flex space; Suitable for showroom, studio, light manufacturing, and warehouse uses; 217 SE Taylor St, Portland, OR 97214
