Building Details

Building Size 12,000 SF

Year Built 1957

Listed By: Don Ossey, SIOR Show Phone

Source: Capacitycommercial

Added: Nov 25, 2025 Changed: Oct 6 Last Checked: Oct 5 at 3:52PM

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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 Don Ossey, SIOR

Investment Insights

Based on property information with market context.

This property, located in Portland's Close-in Eastside just off Powell Blvd, features a \u00b1 12,000 SF warehouse and \u00b1 2,200 SF of office space. Situated on a 0.55-acre lot (23,815 SF), the property includes an 11,815 SF fenced and paved yard. Constructed in 1957 with reinforced concrete, the warehouse has a 12’ clear height and LED lighting. It is equipped with two dock doors and has 600 Amp, 240 Volt, 3 Phase power. The property is zoned IG1. Its central location offers proximity to the East End of the Ross Island Bridge and minutes from Downtown Portland. Easy access to Hwy 99 and I-5 is available via SE Powell Blvd. Nearby highlights include Artist & Craftsman Supply, New Seasons Market, Dutch Bros Coffee, Burgerville, and Hopworks Brewery.

Key Highlights

• Central location near Ross Island Bridge and minutes from Downtown Portland.
• Boasts a ± 12,000 SF Warehouse with 12' clear height.
• Features a ± 11,815 SF Fenced, Paved Yard.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$147,645

Cap Rate

6.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,952,900 $3.0M

Cap Rate 7%

$2,109,214 $2.1M

Cap Rate 9%

$1,640,500 $1.6M

Market Conditions

NOI Build-Up for 12,000 SF

Gross rent

$180.0K $15.00/SF

− Vacancy

−$6.3K −$0.53/SF

EGI

$173.7K $14.48/SF

− OpEx

−$26.1K −$2.17/SF

NOI

$147.6K $12.30/SF

Area

ZIP 97202

Vacancy

3.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,952,900

Cap Rate 7%

$2,109,214

Cap Rate 9%

$1,640,500

Alternative Uses

Best Use

Warehouse

$2.11M

$1.85M – $2.46M (±1% cap)

NOI $147,645 @ 7.0% cap · market cap 6.43%

Second Best

Industrial

$1.74M

$1.52M – $2.03M (±1% cap)

NOI $121,590 @ 7.0% cap · market cap 5.30%

Theoretical Best

Office A

$2.86M

$2.51M – $3.34M (±1% cap)

NOI $200,400 @ 7.0% cap · market cap 8.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Ferguson Plumbing Supply Plumbing Service

Suggested Use

Top Pick Auto Parts Store Storage Facility Electrical Service HVAC Service Pet Grooming Service Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,757

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 97202, OR

43,193

Population

20,097

Households

2.1

Avg Household Size

38

Median Age

65%

College-Educated

96%

High-School Grad

6.3 sq mi

ZIP Area

6,856

Density / Sq Mi

$100,353

Median Household Income

$52,090

Median Earnings

$1,674

Median Rent

$684,800

Median Home Value

Market

Vacancy Rate% for Industrial in Portland, OR

3.4% 2019

4.1% 2020

2.5% 2021

2.1% 2022

4.2% 2023

5.5% 2024

6.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse with office, fenced yard, and convenient location.

Where is this warehouse located?

The property is located at 2776 SE 8th Ave Portland, OR.

What is the asking price?

The asking price for this property is $2,295,000.

What are key features of this property?

This property features: Central location near Ross Island Bridge and minutes from Downtown Portland.; Boasts a ± 12,000 SF Warehouse with 12' clear height.; Features a ± 11,815 SF Fenced, Paved Yard.