Building Details

Year built 1907

Floors in Building 1

Building materials CementSiding, LapSiding, WoodFrame

Roof type Composition

Listing Agency: UNIQUE REALT d***@yahoo.com Show Phone

Listed By: Dennis Kviz Show Phone

Added: Mar 13 Changed: May 30 Last Checked: Oct 10 at 10:06AM

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MLS# 501275481

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use commercial property contains a 3,700-square-foot open-span shell with 20-foot ceilings and a 90' x 41' footprint. Built in 1907, the building uses cement siding, lap siding, and wood-frame construction beneath a composition roof. The property occupies a 0.18-acre corner lot and is zoned CM2.

Located on NE Alberta Street in Portland, the site provides 116 feet of frontage along Alberta Street. Potential concepts identified for the property include mixed-use development with residential units above retail, office, or food-and-beverage space, including brewery or restaurant uses.

Key Highlights

• 3,700‑square‑foot open‑span commercial shell
• 20‑foot ceiling height and 90' x 41' footprint
• 0.18‑acre corner lot with 116 feet of Alberta Street frontage

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 (±1% cap)

NOI $49,950 @ 7.0% cap · market cap 3.57%

Second Best

Retail

$616.1K

$539.1K – $718.7K (±1% cap)

NOI $43,124 @ 7.0% cap · market cap 3.08%

Theoretical Best

Office A

$1.04M

$909.2K – $1.21M (±1% cap)

NOI $72,734 @ 7.0% cap · market cap 5.20%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Building Supply HVAC 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.

Lease Details

Yes

Paved road access

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

4.6% 2019

5.6% 2020

5.2% 2021

4.2% 2022

4.4% 2023

4.7% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties 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?

Mixed-use property - Open-span interior provides a flexible commercial layout for a range of business configurations.

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 open‑span commercial shell; 20‑foot ceiling height and 90' x 41' footprint; 0.18‑acre corner lot with 116 feet of Alberta Street frontage