Historic Office
For Sale
Contact for pricing
315-317 NW Davis St, Portland, OR 97209
CXD-zoned property combines an event space, stage, kitchen, offices, and classrooms.
Property Size11,520 SF
Price / SF$195
Days on Market754
Property Features for 315-317 NW Davis St
General Information
Standard status
Active
Size
11,520 SF
Property subtype
OFFICE
Zoning
CXD
Site & Location
Neighborhood
Kerns
Additional Details
Office Units
4
Amenities
event space
stage
full kitchen
Building Details
Year Built
1910
Buildings
1
Building Size
11,520 SF
Listing Agency:
SVN Bluestone
(503) 222-3800
Listed By:
Stacy Looney · License ##940200076
(760) 550-8670
Source:
Moodyscre
Added: Oct 3, 2024
Changed: Oct 25
Last Checked: Oct 24 at 8:41PM
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 SVN Bluestone
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Investment Insights
Based on property information with market context.
Built in 1910, this 11,520 SF office property at 315-317 NW Davis St includes four units within a distinctive urban building. The configuration supports varied office arrangements, with floor plates ranging from 2,474 SF to 2,634 SF.
The first floor includes an event area and stage, while the property also provides a full kitchen, offices, and classrooms. CXD zoning and the multi-unit layout add flexibility for an owner-user seeking office space in Portland, Oregon.
The first floor includes an event area and stage, while the property also provides a full kitchen, offices, and classrooms. CXD zoning and the multi-unit layout add flexibility for an owner-user seeking office space in Portland, Oregon.
Key Highlights
- 11,520 SF office building constructed in 1910
- Four‑unit configuration with floor plates from 2,474 SF to 2,634 SF
- CXD zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,123
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,982,460
$3.0M
Cap Rate 7%
$2,130,329
$2.1M
Cap Rate 9%
$1,656,922
$1.7M
Market Conditions
NOI Build-Up for 11,520 SF
Gross rent
$262.7K $22.80/SF
− Vacancy
−$63.8K −$5.54/SF
EGI
$198.8K $17.26/SF
− OpEx
−$49.7K −$4.31/SF
NOI
$149.1K $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%
$2,982,460
Cap Rate 7%
$2,130,329
Cap Rate 9%
$1,656,922
Alternative Uses
Best Use
Office B
$2.13M
$1.86M – $2.49M
NOI $149,123 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.24M
$2.83M – $3.77M
NOI $226,457 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
5,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 97209, OR
22,755
Population
16,437
Households
1.4
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
1.0 sq mi
ZIP Area
22,755
Density / Sq Mi
$84,059
Median Household Income
$68,731
Median Earnings
$1,669
Median Rent
$573,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office building - CXD-zoned property combines an event space, stage, kitchen, offices, and classrooms.
Where is this office building located?
The property is located at 315-317 NW Davis St Portland, OR.
What is the asking price?
The asking price for this property is $2,246,400.
What are key features of this property?
This property features: 11,520 SF office building constructed in 1910; Four‑unit configuration with floor plates from 2,474 SF to 2,634 SF; CXD zoning designation
