Mixed-Use Property with Open
New
For Sale
$1,399,999
2812 NE Alberta St, Portland, OR 97211
A corner property on Alberta Street carries CM2 zoning and a flexible interior shell.
Property Size3,700 SF
Price / SF$378.38
Days on Market3
Property Features for 2812 NE Alberta St
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Commercial
Zoning
CM2
Site & Location
Neighborhood
Concordia
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$521
Building Details
Building Size
3,700 SF
Year Built
1907
Buildings
1
Stories
1
Listing Agency:
UNIQUE REALT
Listed By:
Dennis Kviz
(503) 318-1988
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:48PM
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
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Investment Insights
Based on property information with market context.
Built in 1907, this 3,700-square-foot mixed-use property has an open-span interior with 20-foot ceilings. Its footprint measures 90 feet by 41 feet, providing a broad, unobstructed floor area. The property is zoned CM2.
The corner site fronts Alberta Street in Portland, with 116 feet of frontage. The existing building shell and zoning provide a basis for considering the commercial configurations supported by the property.
The corner site fronts Alberta Street in Portland, with 116 feet of frontage. The existing building shell and zoning provide a basis for considering the commercial configurations supported by the property.
Key Highlights
- 3,700‑square‑foot building with an open‑span interior
- 20‑foot ceilings
- 90' x 41' building footprint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,950
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,000
$999.0K
Cap Rate 7%
$713,571
$713.6K
Cap Rate 9%
$555,000
$555.0K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$88.8K $24.00/SF
− Vacancy
−$8.9K −$2.40/SF
EGI
$79.9K $21.60/SF
− OpEx
−$30.0K −$8.10/SF
NOI
$50.0K $13.50/SF
Area
Portland, OR
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,000
Cap Rate 7%
$713,571
Cap Rate 9%
$555,000
Alternative Uses
Best Use
Mixed Use
$713.6K
$624.4K – $832.5K
NOI $49,950 @ 7.0% cap · market cap 3.57%
Second Best
Retail
$616.1K
$539.1K – $718.7K
NOI $43,124 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.04M
$909.2K – $1.21M
NOI $72,734 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Retail in Portland, OR
Frequently Asked Questions
What type of property is this?
Mixed-use property - A corner property on Alberta Street carries CM2 zoning and a flexible interior shell.
Where is this mixed-use property located?
The property is located at 2812 NE Alberta St 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: 3,700‑square‑foot building with an open‑span interior; 20‑foot ceilings; 90' x 41' building footprint
