Building Details

Year Built 1955

Buildings 1

Abandoned No

Listing Agency: Innovate Real Estate LLC Show Phone

Listed By: Donna Roberts Show Phone

Source: Donnarobertsgroup

Added: Oct 11 Changed: Oct 15 Last Checked: Oct 14 at 10:38PM

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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 Innovate Real Estate LLC

Investment Insights

Based on property information with market context.

This 1,152-square-foot auto shop is configured with an overhead door, office, and updated bathroom. A mini-split system provides heating and air conditioning. The building dates to 1955 and is currently used for tire replacement and repair.

The property has a secured, fenced lot with paved areas and CG (Commercial General) zoning. Tire equipment and inventory are to be removed before closing; equipment may be available by separate negotiation.

Key Highlights

• 1,152‑square‑foot auto shop
• CG (Commercial General) zoning
• Secured, fenced lot with paved areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,427

Cap Rate

3.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$268,540 $268.5K

Cap Rate 7%

$191,814 $191.8K

Cap Rate 9%

$149,189 $149.2K

Market Conditions

NOI Build-Up for 1,152 SF

Gross rent

$20.7K $18.00/SF

− Vacancy

−$1.6K −$1.35/SF

EGI

$19.2K $16.65/SF

− OpEx

−$5.8K −$5.00/SF

NOI

$13.4K $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 Rate 5%

$268,540

Cap Rate 7%

$191,814

Cap Rate 9%

$149,189

Alternative Uses

Best Use

Retail

$191.8K

$167.8K – $223.8K (±1% cap)

NOI $13,427 @ 7.0% cap · market cap 3.36%

Second Best

Industrial

$103.3K

$90.4K – $120.5K (±1% cap)

NOI $7,231 @ 7.0% cap · market cap 1.81%

Theoretical Best

Office A

$323.5K

$283.1K – $377.4K (±1% cap)

NOI $22,646 @ 7.0% cap · market cap 5.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Electrical Service Gym & Fitness Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

464

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 97236, OR

40,193

Population

13,736

Households

2.9

Avg Household Size

36

Median Age

21%

College-Educated

81%

High-School Grad

7.7 sq mi

ZIP Area

5,220

Density / Sq Mi

$68,582

Median Household Income

$38,131

Median Earnings

$1,436

Median Rent

$414,400

Median Home Value

Market

Vacancy Rate% for Retail in Portland, OR

4.6% 2019

5.6% 2020

5.2% 2021

4.2% 2022

4.4% 2023

4.7% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Auto shop - CG zoning and a fenced, paved site accompany the building's current automotive service use.

Where is this auto shop located?

The property is located at 3300 SE 136th AVE Portland, OR.

What is the asking price?

The asking price for this property is $399,500.

What are key features of this property?

This property features: 1,152‑square‑foot auto shop; CG (Commercial General) zoning; Secured, fenced lot with paved areas