Versatile Industrial Property Near Sandy
2319 NE Glisan St, Portland, OR 97232
CM3-zoned industrial property with flexible space in prime Portland location.
Type:Mixed Use, Office, Retail
Property size:
3,894 SFLot size:
0.11 AcresPrice / SF:
$331/SF- Added:
- Feb 17, 2026
- Days on Market:
- 87
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 2319 NE Glisan St
General Information
- Standard status
- Active
- Size
- 3,894 SF
- Lot size
- 0.11 Acres
- Property subtype
- Mixed Use, Office, Retail
Listing agent Cameron Schwab License #201220872
Listing office KW Commercial Portland Premiere (503) 597-2444
Listing date Feb 17, 2026
Source Crexi
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 KW Commercial Portland Premiere
HighLights
- Prime Portland location off Sandy Boulevard with easy access to major transportation corridors.
- Flexible CM3 zoning allows for a wide range of commercial, production, or creative uses.
- Approximately 3,894 SF of well‑configured building space with roll‑up door access and five on‑site parking stalls.
- Durable masonry construction with a flat roof and ample electrical capacity.
- Includes a dedicated front office, two restrooms, and a small personal kitchen area.
- Features two heat pumps for efficient climate control and a centrally located skylight for natural light.
Overview
This versatile CM3-zoned industrial property offers approximately 3,894 square feet of well-configured building space on a 5,000 square foot parcel. It is located in a prime Portland location just off Sandy Boulevard. Constructed of durable masonry with a flat roof, the building is designed to support a wide range of commercial and production uses. The space features roll-up door access directly from the frontage and five on-site parking stalls. A floor drain runs through the building, making it ideal for light manufacturing, production, or creative uses. The layout includes a dedicated front office area, ample electrical capacity throughout the space and ceiling, and a ceiling grid system already installed for production equipment or lighting. A centrally located skylight provides natural light. Additional improvements include two heat pumps for efficient climate control, two single-fixture restrooms, and a small personal kitchen area conveniently located adjacent to the bathrooms. With highly flexible CM3 zoning and an exceptional location in close proximity to major transportation corridors, this property presents an opportunity for owner-users or investors seeking adaptable space in one of Portland’s dynamic submarkets.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$584.1K
NOI $52,569 @ 9.00% cap · cautious / downside scenario
Moderate
$751.0K
NOI $52,569 @ 7.00% cap · market / base-case scenario
Aggressive
$1.05M
NOI $52,569 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.5k | $24.00 |
| − Vacancy | −$9.3k | −$2.40 |
| EGI | $84.1k | $21.60 |
| − OpEx | −$31.5k | −$8.10 |
| NOI | $52.6k | $13.50 |
3,894 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Use Scenarios
Best Use
Mixed Use
$751.0K
$657.1K – $876.2K
NOI $52,569 @ 7.0% cap · market cap 4.08%
Second Best
Office B
$720.1K
$630.1K – $840.1K
NOI $50,407 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.09M
$956.8K – $1.28M
NOI $76,547 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Floating Word Press
Publishing House
Lions Den Talent ...
Employment Agency
Hip Hemp
(Bike/Boat/Book/etc) Store
Dermal Source
Industrial Manufacturer
SERVICE Studio PDX
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.6420102
- Latitude
- 45.5267199
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - CM3-zoned industrial property with flexible space in prime Portland location.
Where is this mixed-use property located?
The property is located at 2319 NE Glisan St Portland, OR.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Prime Portland location off Sandy Boulevard with easy access to major transportation corridors.; Flexible CM3 zoning allows for a wide range of commercial, production, or creative uses.; Approximately 3,894 SF of well‑configured building space with roll‑up door access and five on‑site parking stalls.
