Mixed-Use Property with Production
New
For Sale
Contact for pricing
2816 NE Halsey St, Portland, OR 97232
Commercial kitchen and storefront space is paired with a second-floor apartment and private outdoor area.
Property Size3,020 SF
Price / SF$410.60
Days on Market5
Property Features for 2816 NE Halsey St
General Information
Standard status
Active
Size
3,020 SF
Total Parking Spaces
2
Property subtype
RETAIL
Amenities
equipped commercial production kitchens
prep areas
storefronts
storage area
ADA restrooms
private backyard
Listing Agency:
North Rim
(503) 525-1925
Listed By:
Jeffery Weitz
(503) 358-7555
Source:
Moodyscre
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 10 at 2:26AM
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 North Rim
Investment Insights
Based on property information with market context.
The 3,020-square-foot property combines two equipped commercial production kitchens with prep areas, storefronts, and storage. ADA restrooms serve the commercial space. A two-bedroom, one-bath apartment occupies the second floor.
The property also includes two parking spaces and a private backyard. It is located in Portland’s Irvington/Broadway neighborhood.
The property also includes two parking spaces and a private backyard. It is located in Portland’s Irvington/Broadway neighborhood.
Key Highlights
- Two equipped commercial production kitchens with prep areas
- 3,020 square feet with storefronts and storage
- Second‑floor apartment with 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,770
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,400
$815.4K
Cap Rate 7%
$582,429
$582.4K
Cap Rate 9%
$453,000
$453.0K
Market Conditions
NOI Build-Up for 3,020 SF
Gross rent
$72.5K $24.00/SF
− Vacancy
−$7.2K −$2.40/SF
EGI
$65.2K $21.60/SF
− OpEx
−$24.5K −$8.10/SF
NOI
$40.8K $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%
$815,400
Cap Rate 7%
$582,429
Cap Rate 9%
$453,000
Alternative Uses
Best Use
Mixed Use
$582.4K
$509.6K – $679.5K
NOI $40,770 @ 7.0% cap · market cap 3.29%
Second Best
Specialty Retail
$580.9K
$508.3K – $677.7K
NOI $40,661 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$848.1K
$742.1K – $989.4K
NOI $59,366 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,116
Businesses Nearby
Explore this area
Business Placement
Demographics for 97232, OR
15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Mixed-use property - Commercial kitchen and storefront space is paired with a second-floor apartment and private outdoor area.
Where is this mixed-use property located?
The property is located at 2816 NE Halsey St Portland, OR.
What is the asking price?
The asking price for this property is $1,240,000.
What are key features of this property?
This property features: Two equipped commercial production kitchens with prep areas; 3,020 square feet with storefronts and storage; Second‑floor apartment with 2 bedrooms and 1 bath
