Concrete Building with Fenced
For Sale
$1,050,000
311 NE SHAVER, Portland, OR 97212
5200 SF concrete building suitable for auto repair/industrial use.
Property Size5,200 SF
Lot Size0.24 Acres
Price / SF$201.92
Days on Market235
Property Features for 311 NE SHAVER
General Information
Standard status
Active
Size
5,200 SF
Lot size
0.24 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,812
Amenities
Built Up Roof
Off Street
Building Details
Year Built
1912
Listing Agency:
KELLER WILLIAMS PDX CENTRAL
(503) 548-4848
Listed By:
BRANDON KING · License #201231154
Source:
Corcoran
Added: Dec 19, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:56PM
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 KELLER WILLIAMS PDX CENTRAL
Investment Insights
Based on property information with market context.
This 5200 square foot poured-in-place concrete building is suitable for an auto repair shop, light industrial use, or storage. The building features 20-foot ceilings and three large grade-level roll-up doors. Two of the roll-up doors lead to the street, while one opens to the fully fenced and gated 5200 square foot parking lot.
Key Highlights
- 5200 sqft poured in place concrete building ideal for auto repair, light industrial use, or storage
- Three large grade‑level roll‑up doors, two leading to the street
- Fully fenced and gated 5200 sqft parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,606
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,212,120
$1.2M
Cap Rate 7%
$865,800
$865.8K
Cap Rate 9%
$673,400
$673.4K
Market Conditions
NOI Build-Up for 5,200 SF
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.
Gross rent
$93.6K $18.00/SF
− Vacancy
−$7.0K −$1.35/SF
EGI
$86.6K $16.65/SF
− OpEx
−$26.0K −$5.00/SF
NOI
$60.6K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,212,120
Cap Rate 7%
$865,800
Cap Rate 9%
$673,400
Alternative Uses
Best Use
Retail
$865.8K
$757.6K – $1.01M
NOI $60,606 @ 7.0% cap · market cap 5.77%
Second Best
Industrial
$466.3K
$408.0K – $544.0K
NOI $32,638 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,220 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,563
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97212, OR
26,568
Population
12,064
Households
2.2
Avg Household Size
40
Median Age
70%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
9,840
Density / Sq Mi
$128,098
Median Household Income
$65,836
Median Earnings
$1,790
Median Rent
$824,800
Median Home Value
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Maaco Auto Body Shop & Painting — 2529 N Ross Ave, Portland, OR 97227
Frequently Asked Questions
What type of property is this?
Auto shop - 5200 SF concrete building suitable for auto repair/industrial use.
Where is this auto shop located?
The property is located at 311 NE SHAVER Portland, OR.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 5200 sqft poured in place concrete building ideal for auto repair, light industrial use, or storage; Three large grade‑level roll‑up doors, two leading to the street; Fully fenced and gated 5200 sqft parking lot
