Office
For Sale
$1,495,000
3332 N Lombard St, Portland, OR 97217
The property is fully leased with established long-term occupancies.
Property Size3,992 SF
Days on Market54
Property Features for 3332 N Lombard St
General Information
Standard status
Active
Size
3,992 SF
Class
C
Property subtype
Office
Occupancy
100%
Building Details
Building Size
3,992 SF
Year Built
1977
Tenancy
Multi
Listed By:
McCoy Doerrie, SIOR
(503) 523-7751
Source:
Corfac
Added: Aug 14
Changed: Oct 6
Last Checked: Oct 5 at 4:37PM
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 McCoy Doerrie, SIOR
Investment Insights
Based on property information with market context.
This office building was constructed in 1977 and is currently 100% leased. The property includes significant tenant improvement buildouts and supports multiple long-term tenancies.
Key Highlights
- 100% leased
- Constructed in 1977
- Long‑term tenant occupancies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,675
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,500
$1.0M
Cap Rate 7%
$738,214
$738.2K
Cap Rate 9%
$574,167
$574.2K
Market Conditions
NOI Build-Up for 3,992 SF
Gross rent
$91.0K $22.80/SF
− Vacancy
−$22.1K −$5.54/SF
EGI
$68.9K $17.26/SF
− OpEx
−$17.2K −$4.31/SF
NOI
$51.7K $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%
$1,033,500
Cap Rate 7%
$738,214
Cap Rate 9%
$574,167
Alternative Uses
Best Use
Office B
$738.2K
$645.9K – $861.3K
NOI $51,675 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$980.9K – $1.31M
NOI $78,474 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Explore this area
Business Placement
Demographics for 97217, OR
36,086
Population
17,038
Households
2.1
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
11.1 sq mi
ZIP Area
3,251
Density / Sq Mi
$100,387
Median Household Income
$56,790
Median Earnings
$1,789
Median Rent
$569,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - The property is fully leased with established long-term occupancies.
Where is this office building located?
The property is located at 3332 N Lombard St Portland, OR.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 100% leased; Constructed in 1977; Long‑term tenant occupancies
