Alberta Arts District Commercial
For Sale
$1,399,999
2812 NE ALBERTA, Portland, OR 97211
Large commercial property in Portland's vibrant Alberta Arts District.
Property Size3,800 SF
Lot Size0.18 Acres
Price / SF$368.42
Days on Market143
Property Features for 2812 NE ALBERTA
General Information
Standard status
Active
Size
3,800 SF
Lot size
0.18 Acres
Property subtype
Commercial
Building Details
Year Built
1907
Listing Agency:
UNIQUE REALT
(503) 740-0259
Listed By:
DENNIS KVIZ
Source:
Corcoran
Added: Mar 13
Changed: Jul 10
Last Checked: Aug 2 at 7:17AM
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 UNIQUE REALT
Investment Insights
Based on property information with market context.
This commercial property is located in the Alberta Arts District of Portland. The open-span shell features 20-foot ceilings and a 90' x 41' footprint. It offers flexibility for a variety of uses, including retail, office, or food and beverage concepts such as a brewery or restaurant. The property is located on a corner lot with 116 feet of frontage on Alberta Street, providing visibility and foot traffic. The property is zoned CM2. Potential highest and best use includes mixed-use development with residential units above retail, office, or food and beverage.
Key Highlights
- Prime Alberta Arts District location with 116 feet of frontage on Alberta Street.
- Large, open‑span commercial space (90' x 41') with 20‑foot ceilings.
- CM2 zoning allows for mixed‑use development.
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 | $68.4k | $18.00 |
| − Vacancy | −$5.1k | −$1.35 |
| EGI | $63.3k | $16.65 |
| − OpEx | −$19.0k | −$5.00 |
| NOI | $44.3k | $11.66 |
3,800 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$632.7K
$553.6K – $738.2K
NOI $44,289 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$933.7K – $1.24M
NOI $74,699 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
860
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
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Large commercial property in Portland's vibrant Alberta Arts District.
Where is this retail space located?
The property is located at 2812 NE ALBERTA Portland, OR.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Prime Alberta Arts District location with **116 feet of frontage on Alberta Street**.; Large, **open‑span commercial space (90' x 41') with 20‑foot ceilings**.; CM2 zoning allows for mixed‑use development.
