Multi-Story Industrial Flex
For Sale
Contact for pricing
307 SE Washington St, Portland, OR 97214
Industrial flex property with two grade-level roll-up doors and one west-side dock door, elevator served across three levels.
Property Size20,000 SF
Price / SF$110
Days on Market341
Property Features for 307 SE Washington St
General Information
Standard status
Active
Size
20,000 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
2
Additional Details
Highway Access
Yes
Amenities
elevator
Building Details
Stories
3
Listing Agency:
Macadam Forbes
(503) 972-7277
Listed By:
Clayton Madey · License #201727196
Source:
Moodyscre
Added: Aug 28, 2025
Changed: Jul 28
Last Checked: Aug 2 at 2:49PM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This three-story industrial flex building includes a basement and first floor with similar footprints, plus second-floor office suites accessible only by stairs. The property is served by an elevator, supporting movement between levels for everyday operations. Loading includes two side-by-side grade-level operational roll-up doors and one dock-level door on the west side.
The location provides immediate access to I-5, with close proximity to restaurant and retail amenities. The property is described as having a flexible zoning designation.
Overall, the layout supports a mix of warehouse and office use, with dedicated loading and internal vertical access by elevator, while the second-floor office portion remains stair-access only.
The location provides immediate access to I-5, with close proximity to restaurant and retail amenities. The property is described as having a flexible zoning designation.
Overall, the layout supports a mix of warehouse and office use, with dedicated loading and internal vertical access by elevator, while the second-floor office portion remains stair-access only.
Key Highlights
- Immediate access to I‑5
- Industrial flex layout with 2 side‑by‑side grade‑level operational roll‑up doors and 1 dock‑level door on the West side
- Three stories total, with basement and first floor featuring similar footprints
Financial Insights For Warehouse
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 | $192.0k | $9.60 |
| − Vacancy | −$12.7k | −$0.63 |
| EGI | $179.3k | $8.97 |
| − OpEx | −$26.9k | −$1.34 |
| NOI | $152.4k | $7.62 |
20,000 SF · lease $9.60/SF/yr · vacancy 6.60% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$2.90M
$2.54M – $3.39M
NOI $203,112 @ 7.0% cap · market cap 9.23%
Second Best
Warehouse
$2.18M
$1.91M – $2.54M
NOI $152,429 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$5.62M
$4.91M – $6.55M
NOI $393,155 @ 7.0% cap · market cap 17.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,064
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
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Similar Off Market Nearby
- Bar & Bowtie — 2152 s harbor pl, portland, or 97201
- ChefStable Catering — 2136 SE 8th Ave, Portland, OR 97214, United States
- Sugar Street Catering — 3334, 1430 SE Water Ave #102, Portland, OR 97214
- Alimenti Event Services, LLC — 1430 SE Water Ave #102, Portland, OR 97214
- Trailhead Coffee Roasters — 350 SE Mill St, Portland, OR 97214
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property with two grade-level roll-up doors and one west-side dock door, elevator served across three levels.
Where is this flex space located?
The property is located at 307 SE Washington St Portland, OR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Immediate access to I‑5; Industrial flex layout with 2 side‑by‑side grade‑level operational roll‑up doors and 1 dock‑level door on the West side; Three stories total, with basement and first floor featuring similar footprints
