Owner-User Creative
2544 NW Upshur St Portland, OR 97210
For Sale
Contact for pricing
Creative office property with on-site parking, offered for sale as an owner-user opportunity.
Property Size7,626 SF
Price / SF$262.26
Days on Market93
Property Features for 2544 NW Upshur St
General Information
- Standard status
- Active
- Size
- 7,626 SF
- Property subtype
- Office
Building Details
- Year Built
- 1956
Listing Agency:
Kidder Mathews Portland
Listed By:
Lance Sasser · License #201209212
Source:
Crexi
Added: Apr 22
Changed: Jul 23
Last Checked: Jul 23 at 7:29AM
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 Portland
Investment Insights
Based on property information with market context.
This owner-user creative office property is offered for sale in Portland. The building is positioned to support creative office use and includes on-site parking for staff and visitors.
The property is located at 2544 NW Upshur St. The listing notes rare on-site parking, which can be a practical advantage for day-to-day operations.
For buyers looking for an office space they can occupy, this is a straightforward option with a creative-office orientation and parking on site.
The property is located at 2544 NW Upshur St. The listing notes rare on-site parking, which can be a practical advantage for day-to-day operations.
For buyers looking for an office space they can occupy, this is a straightforward option with a creative-office orientation and parking on site.
Key Highlights
- Owner‑user creative office property in NW Portland
- Year built: 1956
- Rare on‑site parking
Financial Insights For Office B
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 | $173.9k | $22.80 |
| − Vacancy | −$42.3k | −$5.54 |
| EGI | $131.6k | $17.26 |
| − OpEx | −$32.9k | −$4.31 |
| NOI | $98.7k | $12.94 |
7,626 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.65M
NOI $98,716 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,910 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Unless Collective
Women'S Clothing Store
FAQs
What type of property is this?
Creative space - Creative office property with on-site parking, offered for sale as an owner-user opportunity.
Where is this creative space located?
The property is located at 2544 NW Upshur St Portland, OR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Owner‑user creative office property in NW Portland; Year built: 1956; Rare on‑site parking
