Modern Industrial Flex Space
For Sale
$845,000
2315 SE 11TH, Portland, OR 97214
Free-standing commercial building in SE Portland with flexible floor plan.
Property Size2,175 SF
Lot Size0.07 Acres
Price / SF$388.51
Days on Market129
Property Features for 2315 SE 11TH
General Information
Standard status
Active
Size
2,175 SF
Lot size
0.07 Acres
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
RE/MAX EQUITY GROUP
(503) 635-2660
Listed By:
HOLLY MANCHESTER
Source:
Corcoran
Added: Mar 27
Changed: Jul 10
Last Checked: Aug 2 at 9:14AM
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 RE/MAX EQUITY GROUP
Investment Insights
Based on property information with market context.
This single-story, free-standing commercial building offers modern functionality with industrial character in a SE Portland location. Positioned mid-block and set back from the sidewalk along SE 11th Avenue, the property includes off-street parking. The open, flexible floor plan features 14-foot ceilings, exposed ductwork, and industrial finishes. The interior includes reclaimed wood barn doors, industrial light fixtures, a kitchenette/bar area with reclaimed wood finishes, and an ADA-compliant restroom. A 3-ton HVAC system with exposed ducts provides climate control. A front office entrance offers a storefront presence, while an insulated 10’ x 10’ roll-up door provides functionality for loading, deliveries, or ventilation. Additional features include 200-amp single-phase power and allowable monument signage. Located two blocks north of Division Street on the southern edge of Portland’s Central Eastside Business District, the property borders Ladd’s Addition neighborhood and the SE Division corridor. The location allows access by bike, public transit, and car, with approximately 6,241 vehicles per day on SE 11th Ave. The 2,175 square foot property is located in one of Portland’s walkable districts. EXd zoning allows for commercial, light industrial, institutional, office, and residential uses. Potential uses include office, manufacturing, production, childcare, schools, food services, retail or creative workspace.
Key Highlights
- Prime SE Portland location near Division Street and the Central Eastside Business District, offering high visibility and access to amenities.
- Flexible EXd zoning allows for a wide range of commercial, light industrial, and residential uses.
- Off‑street parking and a 10’ x 10’ insulated roll‑up door provide convenient loading, deliveries, and ventilation.**
Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.2k | $18.00 |
| − Vacancy | −$2.9k | −$1.35 |
| EGI | $36.2k | $16.65 |
| − OpEx | −$10.9k | −$5.00 |
| NOI | $25.3k | $11.66 |
2,175 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$362.1K
$316.9K – $422.5K
NOI $25,350 @ 7.0% cap · market cap 3.00%
Second Best
Flex RnD
$315.5K
$276.1K – $368.1K
NOI $22,088 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$610.8K
$534.5K – $712.6K
NOI $42,756 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,992
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
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Accent Party Planning — Portland, OR 97214
- Ingallina's Box Lunch — 2833 SE 15th Ave, Portland, OR 97202
- ChefStable Catering — 2136 SE 8th Ave, Portland, OR 97214, United States
- Sugar Street Catering — 3334, 1430 SE Water Ave #102, Portland, OR 97214
- Trailhead Coffee Roasters — 350 SE Mill St, Portland, OR 97214
Frequently Asked Questions
What type of property is this?
Flex space - Free-standing commercial building in SE Portland with flexible floor plan.
Where is this flex space located?
The property is located at 2315 SE 11TH Portland, OR.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Prime SE Portland location near Division Street and the Central Eastside Business District, offering high visibility and access to amenities.; Flexible EXd zoning allows for a wide range of commercial, light industrial, and residential uses.; Off‑street parking and a 10’ x 10’ insulated roll‑up door provide convenient loading, deliveries, and ventilation.**
