Portland Central Eastside
317 SE Grand Ave & 407 SE Pine St Portland, OR 97214
317 SE Grand Ave & 407 SE Pine St, Portland, OR, 97214
$5,625,000
For Sale
$5,625,000
Combined 0.86 acre site in Portland's Central Eastside.
Property Size44,200 SF
Lot Size0.86 Acres
Price / SF$127.26
Days on Market65
Property Features for 317 SE Grand Ave & 407 SE Pine St
General Information
- Standard status
- Active
- Size
- 44,200 SF
- Lot size
- 0.86 Acres
- Property subtype
- Retail
Listing Agency
Capacity Commercial Group
(503) 222-2655
Listed by
Nicholas Diamond · License #OR #200403266
Source
Corfac
Added: May 14 Checked: Jul 17 at 5:09 am
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This offering presents a combined 0.86-acre opportunity situated in Portland's Central Eastside. The property benefits from a high-visibility location on the Eastside and is located within a Qualified Opportunity Zone. It features EX zoning and is suitable for either an owner/user or development project. The site represents a significant assemblage opportunity, comprising 8 tax lots and 44,200 square feet of building area.
Key Highlights
- Significant assemblage opportunity
- 0.86 combined acre opportunity
- High visibility Eastside location
Local Financial Insights For Retail
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 | $795.6k | $18.00 |
| − Vacancy | −$59.7k | −$1.35 |
| EGI | $735.9k | $16.65 |
| − OpEx | −$220.8k | −$5.00 |
| NOI | $515.2k | $11.66 |
44,200 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.36M
$6.44M – $8.59M
NOI $515,151 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.41M
$10.86M – $14.48M
NOI $868,872 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Similar For Sale Nearby
FAQs
What type of property is this?
Retail property - Combined 0.86 acre site in Portland's Central Eastside.
Where is this retail property located?
The property is located at 317 SE Grand Ave & 407 SE Pine St Portland, OR.
What is the asking price?
The asking price for this property is $5,625,000.
What are key features of this property?
This property features: Significant assemblage opportunity; **0.86 combined acre opportunity**; High visibility Eastside location
