Corner Office/Retail
For Sale
Contact for pricing
3041 N Williams Ave, Portland, OR 97227
Modern corner suite with large storefront windows, wood floors, four private offices, and ADA restroom access.
Property Size13,362 SF
Days on Market203
Property Features for 3041 N Williams Ave
General Information
Standard status
Active
Size
13,362 SF
Class
B
Property subtype
Retail
Lease Term
NNN
Site & Location
Neighborhood
Boise
Traffic Count
14,567 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
13,362 SF
Year Built
1911
Properties For Sale
at 3041 N Williams Ave
3041
Size
2,000 SF
Type
Creative/Loft
Term
Negotiable
Listing Agency:
Commercial Real Estate NW
Listed By:
Marissa Lee · License #201221687
(971) 280-2222
Source:
Commercialrenw
Added: Apr 13
Changed: Oct 28
Last Checked: Nov 1 at 3:11AM
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 Commercial Real Estate NW
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Rinehart Building offers a modern buildout within a beautifully renovated historic brick structure. This corner suite features wood floors, brick accents, and generous natural light through large storefront windows. The layout includes four private offices with pocket doors, an open lobby/reception area, and a conference room with sliding barn doors. A kitchenette with a dishwasher and ADA restroom access support everyday business needs, while a full basement is available for storage but is excluded from the rentable square footage.
Located on the high-visibility N Williams Avenue corridor, the suite is positioned for strong exposure to both vehicle and bicycle traffic. Signage/traffic exposure is cited at 14,567 cars per day, with Trimet bus lines 4, 24, and 44 serving the area. Central access is noted to I-5, I-405, and I-84.
The suite is suited for either office or retail use based on the existing configuration and storefront window presence.
Located on the high-visibility N Williams Avenue corridor, the suite is positioned for strong exposure to both vehicle and bicycle traffic. Signage/traffic exposure is cited at 14,567 cars per day, with Trimet bus lines 4, 24, and 44 serving the area. Central access is noted to I-5, I-405, and I-84.
The suite is suited for either office or retail use based on the existing configuration and storefront window presence.
Key Highlights
- Year built 1911 historic brick building with a modern corner‑suite buildout
- Corner suite with large storefront windows for bright interior light and street‑facing appeal
- Suite layout includes 4 private offices with pocket doors, open lobby/reception, and a conference room with sliding barn doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,967
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,459,340
$3.5M
Cap Rate 7%
$2,470,957
$2.5M
Cap Rate 9%
$1,921,856
$1.9M
Market Conditions
NOI Build-Up for 13,362 SF
Gross rent
$304.7K $22.80/SF
− Vacancy
−$74.0K −$5.54/SF
EGI
$230.6K $17.26/SF
− OpEx
−$57.7K −$4.31/SF
NOI
$173.0K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,459,340
Cap Rate 7%
$2,470,957
Cap Rate 9%
$1,921,856
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $172,967 @ 7.0% cap · market cap 752,030.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.75M
$3.28M – $4.38M
NOI $262,667 @ 7.0% cap · market cap 1,142,030.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
14,567 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 97227, OR
6,058
Population
3,835
Households
1.6
Avg Household Size
35
Median Age
60%
College-Educated
93%
High-School Grad
1.4 sq mi
ZIP Area
4,327
Density / Sq Mi
$79,161
Median Household Income
$56,098
Median Earnings
$1,609
Median Rent
$595,900
Median Home Value
Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office unit - Modern corner suite with large storefront windows, wood floors, four private offices, and ADA restroom access.
Where is this office unit located?
The property is located at 3041 N Williams Ave Portland, OR.
What are key features of this property?
This property features: Year built 1911 historic brick building with a modern corner‑suite buildout; Corner suite with large storefront windows for bright interior light and street‑facing appeal; Suite layout includes 4 private offices with pocket doors, open lobby/reception, and a conference room with sliding barn doors
