Kerns Retail Corner
For Sale
Contact for pricing
2906 NE Glisan St, Portland, OR
Prime retail space in Portland's vibrant Kerns neighborhood.
Property Size3,860 SF
Lot Size0.10 Acres
Price / SF$205.96
Days on Market618
Property Features for 2906 NE Glisan St
General Information
Standard status
Active
Size
3,860 SF
Lot size
0.10 Acres
Property subtype
RETAIL
Listing Agency:
NAI Elliott
(503) 709-4442
Listed By:
Joe Sandahl, CPM
(503) 310-9973
Source:
Moodyscre
Added: Nov 22, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:42AM
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 NAI Elliott
Investment Insights
Based on property information with market context.
Located in the Kerns neighborhood of Portland, this retail property offers 3,860 square feet of space. The property is a standalone building situated on a corner location with heavy foot traffic. The surrounding area is densely populated with restaurants, entertainment venues, and retail businesses.
Key Highlights
- Premium corner location
- Heavy foot traffic
- Located in the popular Kerns neighborhood
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 | $69.5k | $18.00 |
| − Vacancy | −$5.2k | −$1.35 |
| EGI | $64.3k | $16.65 |
| − OpEx | −$19.3k | −$5.00 |
| NOI | $45.0k | $11.66 |
3,860 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$642.7K
$562.4K – $749.8K
NOI $44,988 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$948.5K – $1.26M
NOI $75,879 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,926
Businesses Nearby
Explore this area
Business Placement
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 - Prime retail space in Portland's vibrant Kerns neighborhood.
Where is this retail space located?
The property is located at 2906 NE Glisan St Portland, OR.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Premium corner location; Heavy foot traffic; Located in the popular Kerns neighborhood
