Freestanding Manufacturing
2801 & 2811 NE Riverside Way, Portland, OR 97211
For Sale
$9,100,000
Two separate structures provide extensive electrical capacity, loading facilities, and surface parking.
Property Size66,600 SF
Price / SF$136.64
Days on Market50
Property Features for 2801 & 2811 NE Riverside Way
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Macadam Forbes
Listed By:
Tyler Collins · License OR #201219113
(503) 416-0088
Source:
Macadamforbes
Added: Sep 26
Changed: Nov 3
Last Checked: Nov 12 at 5:55AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property consists of two freestanding industrial buildings constructed in 1998. Extensive power, loading facilities, and surface parking serve the site. The listing identifies manufacturing, light distribution, contractor operations, and high-tech uses as potential applications. IG2 zoning is reported for the property.
Key Highlights
- Two freestanding industrial buildings
- Extensive power supply
- Loading facilities and surface parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$507,588
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,151,760
$10.2M
Cap Rate 7%
$7,251,257
$7.3M
Cap Rate 9%
$5,639,867
$5.6M
Market Conditions
NOI Build-Up for 66,600 SF
Gross rent
$639.4K $9.60/SF
− Vacancy
−$42.2K −$0.63/SF
EGI
$597.2K $8.97/SF
− OpEx
−$89.6K −$1.34/SF
NOI
$507.6K $7.62/SF
Area
Portland, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,151,760
Cap Rate 7%
$7,251,257
Cap Rate 9%
$5,639,867
Alternative Uses
Best Use
Warehouse
$7.25M
$6.34M – $8.46M
NOI $507,588 @ 7.0% cap · market cap 5.58%
Second Best
Industrial
$5.97M
$5.23M – $6.97M
NOI $418,014 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$18.70M
$16.37M – $21.82M
NOI $1,309,205 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Explore this area
Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
Market
Average Price Trend$/SF for Manufacturing properties in Portland, OR
Properties on Market for Manufacturing properties in Portland
Vacancy Rate% for Industrial in Portland, OR
Frequently Asked Questions
What type of property is this?
Manufacturing property - Two separate structures provide extensive electrical capacity, loading facilities, and surface parking.
Where is this manufacturing property located?
The property is located at 2801 & 2811 NE Riverside Way Portland, OR.
What is the asking price?
The asking price for this property is $9,100,000.
What are key features of this property?
This property features: Two freestanding industrial buildings; Extensive power supply; Loading facilities and surface parking
