Well-Located Office Building For
3004 SE 50TH Portland, OR 97206
3004 SE 50TH, Portland, OR, 97206
$395,000
For Sale
$395,000
Small office building with on-site parking and flexible commercial zoning.
Property Size1,280 SF
Lot Size0.11 Acres
Price / SF$308.59
Days on Market187
Property Features for 3004 SE 50TH
General Information
- Standard status
- Active
- Size
- 1,280 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing agency
BERKSHIRE HATHAWAY HOMESERVICES NW REAL ESTATE
(503) 624-9660
Listed by
LAUREN MUSCO · License #201207198
Source
Corcoran
Added: Jan 16 Updated: Jul 6 at 10:02AM Checked: Jul 22 at 8:18AM
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 BERKSHIRE HATHAWAY HOMESERVICES NW REAL ESTATE
Investment Insights
Based on property information with market context.
This well-located small office building is situated on a corner lot along SE 50th Avenue, offering strong street presence and on-site parking. The functional layout is ideal for professional or creative office users. The front open work area is suitable for reception, collaborative workspace, or bullpen-style seating. The building includes 3 private offices, plus a 4th enclosed room well-suited as a conference room or additional office with an interior window that maintains visual connection to the main workspace. A storage room, kitchenette, and private bathroom complete the interior layout. The building offers good fundamentals and flexibility, providing an opportunity for a buyer to continue current use or thoughtfully improve the space over time. The property is zoned CM2 (Commercial Mixed Use 2), one of Portland’s more flexible commercial zoning designations, allowing a wide range and mix of commercial and residential uses, including professional office, medical or wellness services, neighborhood retail, and personal services. The property size is 1280 square feet. Buyer to verify permitted uses and development standards.
Key Highlights
- Well‑located corner lot on SE 50th Avenue with strong street presence
- On‑site parking
- Flexible CM2 zoning allows for a wide range of commercial and residential uses
Local Financial Insights For Office B
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 | $29.2k | $22.80 |
| − Vacancy | −$7.1k | −$5.54 |
| EGI | $22.1k | $17.26 |
| − OpEx | −$5.5k | −$4.31 |
| NOI | $16.6k | $12.94 |
1,280 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$236.7K
$207.1K – $276.2K
NOI $16,569 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.5K
$314.5K – $419.4K
NOI $25,162 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Worth Technical Services
Engineering Consultant
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Small office building with on-site parking and flexible commercial zoning.
Where is this office building located?
The property is located at 3004 SE 50TH Portland, OR.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Well‑located corner lot on SE 50th Avenue with strong street presence; On‑site parking; Flexible CM2 zoning allows for a wide range of commercial and residential uses
