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For sale
Office Units
OR
Portland
224 SW Hamilton St

Office Space with Parking Lot

224 SW Hamilton St, Portland, OR

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For Sale

Contact for pricing

Office space with parking lot in prime Portland location.

Type:OFFICE

Property size:

6,816 SF

Lot size:

0.17 Acres

Price / SF:

$256/SF

HighLights

Prime Location: Minutes from downtown Portland, major highways, and public transit.
Zoning: CM2 (Commercial Mixed Use 2) allowing for a range of uses.
5,777 SF private Parking Lot with easy access from Corbett Ave.
6,816 SF Office Space with functional layouts.
Breathtaking Views of Mt. Hood from elevated site.
Ideal owner‑user opportunity, tenants on short‑term leases.

We can help!

Listing Contact

Stu Peterson

For Sale

Contact for pricing

Office space with parking lot in prime Portland location.

Type:OFFICE

Property size:

6,816 SF

Lot size:

0.17 Acres

Price / SF:

$256/SF

Added:: Aug 26, 2025
Days on Market:: 290
Last Refresh:: May 20 at 9:03 pm

Property Features for 224 SW Hamilton St

General Information

Standard status: Active
Size: 6,816 SF
Lot size: 0.17 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Stu Peterson

Listing agent Stu Peterson License ##201257773

Listing office Macadam Forbes

Listing date Aug 26, 2025

Source Moodyscre

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 Macadam Forbes

HighLights

Prime Location: Minutes from downtown Portland, major highways, and public transit.
Zoning: CM2 (Commercial Mixed Use 2) allowing for a range of uses.
5,777 SF private Parking Lot with easy access from Corbett Ave.
6,816 SF Office Space with functional layouts.
Breathtaking Views of Mt. Hood from elevated site.
Ideal owner‑user opportunity, tenants on short‑term leases.

Overview

The property features 6,816 square feet of office space with functional layouts, complemented by a 5,777 square foot private parking lot accessible from Corbett Avenue. Situated minutes from downtown Portland, major highways, and public transit, the location offers convenient access. The site's elevated position provides views of Mt. Hood. Zoned CM2 (Commercial Mixed Use 2), the property allows for a range of uses, including office, retail, and residential development. The property is currently occupied by tenants on short-term leases and presents an opportunity for owner-users.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$155.4k	$22.80
− Vacancy	−$37.8k	−$5.54
EGI	$117.6k	$17.26
− OpEx	−$29.4k	−$4.31
NOI	$88.2k	$12.94

6,816 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,231 @ 7.0% cap · market cap 5.04%

Second Best

Retail

$1.13M

$993.0K – $1.32M (±1% cap)

NOI $79,440 @ 7.0% cap · market cap 4.54%

Theoretical Best

Office A

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,987 @ 7.0% cap · market cap 7.66%

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

Property Profile Location Intelligence

Current Use by Public Records

LMT Laura PDX Alternative Medicine Practice Brian P. Paris, ... Physician Jennifer A. Fletcher, DC Alternative Medicine Practice Portland Integrative Medicine Gym & Fitness Center Klein Wealth Management Financial Advisor

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.676
Latitude: 45.4906

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For sale
Office Units
OR
Portland
224 SW Hamilton St

What type of property is this?

Office units - Office space with parking lot in prime Portland location.

Where is this office units located?

The property is located at 224 SW Hamilton St Portland, OR.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Prime Location: Minutes from downtown Portland, major highways, and public transit.; Zoning: CM2 (Commercial Mixed Use 2) allowing for a range of uses.; 5,777 SF private Parking Lot with easy access from Corbett Ave.

224 SW Hamilton St, Portland, OR

Office space with parking lot in prime Portland location.

Property Features for 224 SW Hamilton St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

Modern 4-Unit Residential Property

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

Craftsman Triplex with Three Meters

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